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Jordan Stutts

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These two strategies are the only alternative asset classes in which interest grew compared with last year, according to a report by Probitas Partners.
The firm is on track to amass at least $3bn when it closes its two credit strategies this summer, which will invest in senior and mezzanine debt.
The funds offer investors two strategies of varying risk and are targeting gross returns ranging between 9% and 14%.
The US firm has been preparing for the new strategy since last May when it hired former BlackRock infrastructure debt chief Erik Savi.
Solar panels
The Montreal-based firm has made its first investment through the fund, backing a Greek solar farm with a long-term off-take agreement.
Erik Savi’s exit is accelerating the combination of infrastructure and real estate debt into a single platform, a plan that was already in the works.
The firm said every investor from its first North American clean energy credit vehicle participated in the latest fundraising.
The deal for a 50% share in Altavair has been made by both KKR’s infrastructure and credit businesses.
The firm’s second debt vehicle has exceeded its €700m target following commitments from European and Asian LPs.
The loan will help develop a 200MW wind project in Texas backed by BlackRock.
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