KKR Raises $2B For Second Dedicated Real Estate Fund

Jan 10 2018 | 11:46pm ET

Global alternative investment giant KKR has debuted its second dedicated real estate fund, raising $2 billion in capital commitments for value-add and opportunistic real estate transactions primarily in the United States. 

The new fund, named KKR Real Estate Partners Americas II, received strong support from a diverse group of new and existing global investors, KKR said in a statement, including pension and sovereign wealth funds, financial institutions, family offices, and high net worth investors. Approximately $230 million of capital was contributed from KKR’s balance sheet and employee commitments, the company added. 

Fund II is the successor fund to KKR Real Estate Partners Americas, the company’s first dedicated real estate fund, which completed fundraising in December 2013 with $1.5 billion in capital commitments.

Since launching a dedicated real estate platform in 2011, KKR has invested or committed over $5 billion in capital across more than 60 real estate transactions in the U.S., Europe and Asia as of September 30, 2017. KKR as a whole is one of the largest alternative investment firms in the world, managing assets in multiple alternative classes including private equity, energy, infrastructure, real estate, credit, and, through its strategic manager partnerships, hedge funds. The company managed approximately $153 billion as of September 30, 2017.

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