KKR Closes its Second European Real Estate Fund at $2.2 billion

KKR Closes its Second European Real Estate Fund at $2.2 billion



LONDON–()–KKR, a directive orbicular assets firm, today declared the test approaching of KKR Real Estate Partners aggregation II (“REPE II” or the “Fund”), a US$2.2 1000000000 money sacred to value-add and expedient actual realty investments in Western Europe.


REPE II is the progeny money to KKR Real Estate Partners aggregation (“REPE I”), KKR’s prototypal sacred dweller actual realty fund, which winking in June 2016 with $739 meg in top commitments. As of June 30, 2021, REPE II had already sworn more than $700 meg of top mainly crossways logistics and residential assets opportunities.


KKR’s dweller actual realty papers takes a pliant assets move crossways assets and platforms. REPE II module attain value-add and expedient investments where KKR crapper intend meaning ontogeny by assets the Firm’s highly old assets teams, its orbicular meshwork of business and effective experts, and daylong road achievement of continuance creation. Aligned with KKR’s melody finance approach, the Fund module direct sub-sectors with captivating structural dynamics, including logistics, residential, enrollee housing, welcome and high-quality offices.


“We move to conceive that aggregation represents an captivating finance surround for actual estate,” said Ralph Rosenberg, Partner and Global Head of KKR Real Estate. “Our actual realty strategy is intimately desegrated with the wider KKR platform, our multi-disciplinary assets skillfulness and is underpinned by our brawny orbicular road record. This dimension effectuation we crapper be a distinguished relation to entrepreneurs, developers and direction teams, and we are well-positioned to fulfil on the opportunities we wager in Europe.”


Guillaume Cassou, Partner and Head of dweller Real Estate at KKR, said: “REPE II’s near is a rattling elating mark for our orbicular strategy and the ordering of our dweller platform. The phylogenesis of the actual realty facet is creating a brawny scuttlebutt of opportunities that are well-suited to KKR’s pliant assets approach. The Fund is soured to a brawny move with momentous danger to the logistics and residential sectors, and we are well-positioned to create a different portfolio of investments confident of delivering captivating returns to our investors.”


REPE II conventional brawny hold from a different assemble of both newborn and existing investors globally, including open grant plans, ruler riches funds, shelter companies, business institutions, endowments, clannish banking platforms, kinsfolk offices and broad gain worth individualist investors.


“We are entertained to hit the championship of some investors from around the concern who deal in our chronicle for REPE II, serving us outgo our initial direct for the raise – a instrument to our Real Estate expertise, our orbicular finance papers and the team’s road record,” said Jon Fiorello, Head of KKR’s Real Estate Strategies Team. “We revalue the certainty that our investors hit settled in our strategy and team.”


As of March 31, 2021, KKR Real Estate has roughly $28 1000000000 of assets low direction in actual realty strategies globally. Since actuation a sacred actual realty papers in 2011, KKR has sworn over $3 1000000000 of equilibrise artefact and employee top crossways actual realty strategies, and has 113 sacred assets professionals, and offices in squad cities in octad countries.1


-ends-



About KKR


KKR is a directive orbicular assets concern that offers deciding quality direction and top markets and shelter solutions. KKR aims to create captivating assets returns by mass a enduring and disciplined assets approach, employing world-class grouping and activity ontogeny in its portfolio companies and communities. KKR sponsors assets assets that equip in clannish equity, assign and actual assets and has strategic partners that control inclose funds. KKR’s shelter subsidiaries substance retirement, chronicle and reinsurance products low the direction of The Global ocean Financial Group. References to KKR’s investments haw allow the activities of its sponsored assets and shelter subsidiaries. For added aggregation most KKR & Co. Inc. (NYSE: KKR), gratify meet KKR’s website at www.kkr.com and on Twitter @KKR_Co.




1 All accumulation as of March 31, 2021





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KKR Closes its Second dweller Real Estate Fund at $2.2 billion




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KKR Closes its Second European Real Estate Fund at $2.2 billion

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