KKR, Blackstone Help India Become Asia’s Private Equity HQ (1)

Global asset managers from KKR & Co. to Blackstone Inc. are ramping up investments in India and elevating locally-based executives to key regional roles, underscoring the nation’s rise in Asia’s private equity landscape.

Seven global funds now have their Asia private equity heads or co-heads based in Mumbai, including Blackstone’s Amit Dixit and KKR’s Gaurav Trehan. That’s a sharp shift from just five years ago when none of the investment managers had Asia roles located in India.

Collectively, they oversee at least $100 billion in assets, according to Bloomberg News calculation based on public disclosure and people familiar with ...