Blackstone, KKR scout for secondary portfolio deals

This could be the first instance of the firms taking part in secondary portfolio transactions market of India

- Mansi Verma & Sneha Shah

Global private equity (PE) giants Blackstone Inc. and KKR & Co. Inc., which have bought stakes from existing investors in other countries, are exploring such transactions in India as well, three people close to the development told Mint.

Should such a deal materialize, it would be the first instance of the world's two largest investment firms participating in India's secondary portfolio transactions market. Blackstone had more than $1.17 trillion in assets under management, while KKR had $664 billion as of March 2025.

"While Blackstone does not have a team dedicated to it in India yet, the firm has begun evaluating such deals, especially multi-asset secondaries, in India," said the first of the three persons cited earlier, all of whom spoke on the condition of anonymity.

"With Indian markets maturing, there are newer products that they will try out. Apart from infrastructure and credit, there will be newer ways to deploy capital in the country," the person added.