KKR makes fresh investment in school chain Lighthouse Learning; PSP Capital roped in as new investor

The private equity firm had made its initial investment in the school chain back in 2019.

Global private equity firm KKR and Lighthouse Learning Group, a leading Indian education services provider, announced an investment by funds managed by KKR alongside participation from a new investor, Canada's PSP Investments on November 25. The value of the investment was not disclosed.

"KKR will continue to hold a majority stake and will play a significant role in driving Lighthouse Learning’s next phase of growth. KKR is making its investment predominantly from its Asian Fund IV and other KKR-managed capital, " the announcement added. The private equity firm had made its initial investment in the school chain back in 2019.

On June 25, 2025 , Moneycontrol was the first to report that KKR was planning an internal fund-to-fund transfer for Lighthouse Learning. The report had added that new minority investors may come in as part of the internal rejig, with an eye on further value creation.

Read more: KKR planning fund-to-fund transfer for school chain Lighthouse Learning, formerly EuroKids, as part of internal rejig

Lighthouse Learning is one of India’s leading education services platforms that operates in the early childhood and K-12 segments in India. Its portfolio of brands includes EuroKids, Kangaroo Kids, EuroSchool, Billabong High International, Centre Point Group of Schools, Heritage International Xperiential School and Heritage Xperiential Learning School among others. Currently, Lighthouse Learning manages more than 190,000 students daily through its over 1,850 preschools and 60 K-12 schools.

This latest investment will enable Lighthouse Learning to further expand its network of high-quality K-12 schools and preschools across key Indian cities. Lighthouse Learning will also continue to strengthen its teaching and technology capabilities, enhance operational excellence across the platform, the announcement elaborated.

Akshay Tanna, Partner and Head of India Private Equity at KKR, said: “Lighthouse Learning has built one of the most trusted and respected education services platforms in India, combining academic quality with a strong reputation across its brands. We are proud of the growth that Lighthouse Learning has achieved in strategic partnership with KKR and are delighted to continue supporting their mission to expand access to high-quality education and nurture future generations of learners.”

The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $299.7 billion of net assets under management as of March 31, 2025. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments.

On November 4, during a visit to Mumbai, Scott Nuttall, the Global Co-CEO of KKR highlighted the role of India in the firm's Asia portfolio.

Read more: Private equity firms may list in India as IPO market expands: KKR Global Co-CEO Scott Nuttall

"Globally, KKR will invest between $90 and $100 billion this year (2025). Given India’s position as the world’s fifth-largest economy and soon to be the third, we would expect our activities in India to increasingly resemble the firm’s global profile over time. Even though $9 billion makes us one of the largest private capital investors in the country today, that number will grow dramatically in the years ahead," he said.