KKR has completed the fundraising for KKR Real Estate Partners Americas, a real estate fund that invests in North America and western Europe.
Together with commitments from KKR personnel and KKR Financial Holdings, the company has raised more than US$1.5 billion of committed capital for its strategy.
The fund will target various real estate opportunities, including property-level equity, debt, special situation transactions and businesses with significant real estate holdings.
“We believe the current market opportunity has the potential to create strong value-driven investment opportunities where we at KKR can leverage our sourcing channels, insights through our industry groups and portfolio companies and operating capabilities to create differentiated investment opportunities for our limited partners,” says Ralph Rosenberg, KKR’s global head of real estate.
KKR began soliciting third-party capital for its first dedicated real estate fund in the second quarter of 2013.
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