Press Release
KKR Closes $1.1 Billion Real Estate Credit Opportunity Partners Fund
October 10, 2017Seeks to Purchase Junior Tranches of New Issue CMBS In Compliance with Risk Retention Rules
RECOP focuses primarily on investing in newly-issued CMBS B-Pieces as an
eligible third party purchaser subject to the new risk retention
regulations which took effect in
KKR’s Real Estate Credit business, co-headed by
RECOP exceeded its target capital raise and received strong backing from a diverse group of global investors, including public pensions, insurance companies, and family offices.
Since launching a dedicated real estate platform in 2011, KKR has
invested or committed over
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate, credit and, through its strategic partners,
hedge funds. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and driving growth and value creation with KKR
portfolio companies. KKR invests its own capital alongside its partners’
capital and provides financing solutions and investment opportunities
through its capital markets business. References to KKR’s investments
may include the activities of its sponsored funds. For additional
information about
View source version on businesswire.com: http://www.businesswire.com/news/home/20171010006680/en/
KKR
media@kkr.com
Source: KKR
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