US Envoy Wants to Drive More Blackstone, KKR Investment to India

The US ambassador to India said he wants to boost investment from American pension funds and private equity firms like KKR & Co. and Blackstone Inc. into the South Asian economy to take advantage of its rapid growth.

Eric Garcetti said he’s working to convene events, along with India’s government, to bring investors to the country in the second half of the year, likely in Mumbai.

“By and large we don’t have really any major pension funds, state and local pension funds, directly investing here. And that’s a goal of mine to bring more,” he said in an interview ...