Dealflow | June 8, 2021

KKR Global Impact backs EQuest Education’s low-cost schools in Vietnam

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, June 8KKR Global Impact, the impact arm of private equity giant KKR, has invested an undisclosed amount in Ho Chi Minh City-based Equest, which provides low-cost private education to 110,000 Vietnamese students each year.

The company will use the investment “to provide quality learning for Vietnam’s millions of students and contribute to the development of a skilled workforce that will support the country’s long-term growth aspirations,” said EQuest’s Nguyen Quoc Toan.

Workforce development

The portfolio of KKR’s $1.3 billion Global Impact fund includes Indian small business lender Five-Star Business Finance; GreenCollar, a platform for natural resource project development in Australia; and sustainable packaging company CMC Machinery and labor market analytics company Burning Glass, both in the U.S.