New York-based Henry H. McVey,and Singapore-based Frances Lim, both KKR’s heads of global and Asia macro, said in an October note that Asia’s competitive advantage used to be inexpensive labor. Now, whether it’s China, India, or Japan, the region’s edge lies in industrial services.
“The bid for infrastructure and logistics could accelerate even more meaningfully, we believe, in key markets such as India, China, Indonesia, the Philippines, Vietnam and even Japan,” the KKR report said.
Public capital expenditure in India has grown 200% over four years, while the country’s exports are surging, the report noted.
Regarding India, McVey, chief investment officer of KKR Balance Sheet, and head of global macro and asset allocation said, “There’s really finally some investment in infrastructure and that’s leading to, one, greater productivity, but two, it’s helping on the inflation front and it’s helping on the economic growth,” He noted that in emerging markets, opportunities to benefit from rising GDP per capita trends are often more accessible in private rather than capital markets.
On Oct 4, KKR expanded in India with a new office in Gurugram, just south of New Delhi. The alternative asset manager plans to hire 150 employees primarily in the areas of finance, operations, human capital and technology, by early next year for the new office said KKR in a statement. This expansion to northern India adds to an existing office in Mumbai.
Ryan Stork, chief operating officer of KKR, stated, “Having a team in Gurugram will strengthen our operating model across the globe by expanding our reach and enabling us to tap into a fantastic talent pool. Today’s milestone marks the beginning of a sizable investment in talent in India, as the new location is an important part of how we scale our global operations and service our clients. We are delighted to be part of the Gurugram business community.”
Last updated: December 26th, 2025
