KKR & Co. Inc. ( KKR ) and TPG Inc. ( TPG ) (TPG) are reportedly exploring options, including a buyout of Southeast Asian online real estate platform PropertyGuru Group Ltd ( PGRU ). .

The U.S. private equity firms are working with a financial adviser to help gauge initial interest from other global investors in PropertyGuru ( PGRU ), reported Bloomberg. 

As per the report, KKR and TPG, which own about 26.5% and 29.6% of PropertyGuru ( PGRU ), respectively, could also buy the remaining shares they don’t already hold.

Yesterday, PropertyGuru ( PGRU ) reported Q1 FY24 revenue of S$36.5 million, missing consensus of S$37.3 million and adjusted EBITDA rose to S$4 million from S$0.2 million a year ago.

This month, KKR acquired a significant minority stake in Infinx to enhance its growth and support healthcare tech advancements.

Also, KKR inked a deal to acquire Perpetual’s wealth management and corporate trust businesses for AU$2.175 billion (~$1.43 billion).

Investors can gain exposure to KKR stock via Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF .

Price Action: KKR shares are up 0.11% at $106.61 at the last check Wednesday.