In November 2015, KKR picked up a controlling stake in Avendus Capital from existing investors
A source familiar with the matter said KKR had acquired a majority stake for slightly over USD 100 million.
The asset management and investment advisory firm, a subsidiary of Avendus Capital - which focuses on private investment in public equity, has exited from Avendus Special Situations Strategy-II Fund (Avendus Fund II) portfolio.
If a proposal put forth in SEBI's recent board meet goes through, Sovereign Wealth Funds will score on foreign institutional investors.