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KKR Closes Opportunistic Real Estate Fund at $4.3B
KKR said Monday it had reached final closing of KKR Real Estate Partners Americas III (REPA III), a $4.3-billion fund dedicated to opportunistic real estate investments primarily in the U.S. Its predecessor, REPA II, closed in January 2018 with $2 billion in capital commitments.
“More than double the size of our predecessor fund, REPA III demonstrates the enthusiasm our investors have for the current opportunity set in the Americas as well as their confidence in our integrated platform to deliver differentiated absolute and relative investment performance through changing market cycles,” said Chris Lee, head of real estate Americas for KKR.
REPA III received strong backing from a diverse group of new and existing global investors, including public pensions, sovereign wealth funds, insurance companies, family offices, high net worth individual investors and other institutional investors. As of September 2021, it had already committed more than $1 billion of capital.
- ◦Financing
