KKR Closes Its First Real Estate Fund

Investing giant KKR & Co. posted the details of its KKR Real Estate Partners Americas LP fund's holdings today. The two-year-old fund is the firm's first dedicated to real estate investing.

The Christmas eve announcement says that it completed establishing a $1.2 billion real estate fund that will invest in North America and western Europe.

The website states, "Together with commitments from KKR personnel and KKR Financial Holdings LLC, KKR's real estate platform has over $1.5 billion of committed capital for its strategy."

The statement says that KKR--a New York-based investment firm founded by takeover legend Henry Kravis with, it says, more than $90 billion under management worldwide--began soliciting third-party capital for the real estate in the second quarter.

KKR says the fund is led by Ralph Rosenberg, and employs 15 people in New York, London and Hong Kong. It made its first investment in April 2012, and so far says it has committed more than $850 million of equity to 14 U.S. and Europe deals.  It details some of the work HERE.

You can see the statement on the real estate's fund closing today on KKR's site HERE.

KKR also merged into its a parent a holding company last week in an interesting deal Quidnunc discussed HERE.

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