KKR, a global investment firm, has closed KKR Real Estate Partners Americas III, a $4.3 billion fund dedicated to opportunistic real estate investments primarily in the U.S.
“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.
“Through our thematic approach and connectivity to KKR’s broad investment platform, we have been able to identify high-conviction investment themes that we have invested behind in scale to generate attractive risk adjusted returns for our investors,” said Justin Pattner, head of Real Estate Equity in the Americas for KKR. “We plan to continue this approach as we identify investment opportunities for REPA III.”
“As we mark this important milestone in our business 10 years after we first launched a dedicated real estate strategy, our real estate platform has evolved to include multiple pools of capital with the ability to transact in scale across the equity and credit risk spectrum,” said Ralph Rosenberg, global head of KKR Real Estate. “We believe that our platform gives us tangible advantages that translate into differentiated outcomes for our collective investors across our multiple products.”