Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India, said two people aware of the development, requesting anonymity.
InvITs manage income-generating infrastructure assets offering regular yield to investors and a liquid way to invest in infrastructure projects. They can be either publicly listed on stock exchanges or privately placed to a handful of investors.
“KKR has started work on setting up a private InvIT under which all the renewable assets they are acquiring will be added. The plan is to shift the already acquired assets into the InvIT and, once they have added a significant mass of assets,
