LONDON, 06 Jul 2021– (BUSINESS WIRING) – KKR, a leading global investment firm, today announced the final closure of KKR Real Estate Partners Europe II (“REPE II” or “The Fund”), a $ 2.2 billion fund dedicated to complementary and profitable real estate investments. in Western Europe.
REPE II is the successor fund to KKR Real Estate Partners Europe (“REPE I”), KKR’s first dedicated European real estate fund, which closed in June 2016 with a capital commitment of $ 739 million. As of June 30, 2021, REPE II has already committed over $ 700 million in capital, mainly for logistics and housing investment opportunities.
The European real estate platform KKR takes a flexible investment approach in terms of assets and platforms. REPE II will make additional and profitable investments in which KKR can drive significant growth through the use of the Firm’s highly skilled investment teams, its global network of industry and operations experts, and years of value creation experience. In line with KKR’s thematic investment approach, the Fund will target subsectors with attractive structural dynamics, including logistics, residential and student homes, hospitality and high quality offices.
“We continue to believe that Europe is an attractive environment for real estate investment,” said Ralph Rosenberg, Partner and Global Head of KKR Real Estate. “Our real estate strategy is closely integrated with the broader KKR platform, our interdisciplinary investment experience and is underpinned by our strong global track record. This breadth means we can be a differentiated partner for entrepreneurs, developers and management teams, and we are well positioned to pursue the opportunities we see in Europe. ”
Guillaume Cassoux, Partner and Head of Real Estate Europe at KKR, said: “The completion of REPE II is a very exciting milestone for our global strategy and the scaling of our European platform. The development of the real estate sector creates a powerful stream of opportunities. which are well suited to KKR’s agile investment approach. The fund is on a good start with significant participation in the logistics and residential sectors, and we are well positioned to build a diversified investment portfolio capable of providing attractive returns to our investors. “
REPE II has received strong support from a diverse group of both new and existing investors around the world, including government pension plans, sovereign wealth funds, insurance companies, financial institutions, trust funds, private banking platforms, family offices and high net worth individual investors.
“We are delighted to receive the support of many investors from around the world who share our enthusiasm for REPE II, helping us surpass our original fundraising goal – a testament to our real estate expertise, our global investment platform and team. a record, ”said John Fiorello, head of real estate strategy at KKR. “We value the trust our investors have placed in our strategy and team.”
As of March 31, 2021, KKR Real Estate has approximately $ 28 billion in assets in real estate strategies around the world. Since launching a dedicated real estate platform in 2011, KKR has invested over $ 3 billion in balance sheet and employee equity on real estate strategies and has 113 dedicated investment professionals and offices in eleven cities in eight countries.one
KKR is a leading global investment company offering alternative solutions for asset management, capital markets and insurance. KKR is committed to generating attractive investment returns by following a patient and disciplined investment approach, hiring world-class talent and supporting the growth of its portfolio companies and communities. KKR sponsors private equity funds, loans and real assets, and has strategic partners in hedge fund management. KKR insurance subsidiaries offer retirement, life and reinsurance products under the management of the Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information on KKR & Co. Inc. (NYSE: KKR) visit the KKR website at www.kkr.com and on Twitter @KKR_Co.
one All data as of March 31, 2021
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