New Delhi, July 9 -- Global private equity (PE) giants Blackstone Inc. and KKR & Co. Inc., which have bought stakes from existing investors in other countries, are exploring such transactions in India as well, three people close to the development told Mint.

Should such a deal materialize, it would be the first instance of the world's two largest investment firms participating in India's secondary portfolio transactions market. Blackstone had more than $1.17 trillion in assets under management, while KKR had $664 billion as of March 2025.

"While Blackstone does not have a team dedicated to it in India yet, the firm has begun evaluating such deals, especially multi-asset secondaries, in India," said the first of the three persons cited e...