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To buy them, some lenders have been borrowing money from banks and other third parties using what are known as warehouse lines, a type of revolving credit facility.
KKR joins a wave of firms deploying billions of dollars in India, attracted by the fastest-growing major economy and investment incentives offered by Prime Minister Narendra Modi.
The Bank of England has been increasingly voicing its concern about the ways that the growth of the private equity industry could threaten the stability of the U.K.’s financial system.