Fund Managers

KKR RE debt fund raises $838m

The vehicle, launched last year, targets invests in US commercial real estate. It has an additional $1bn of borrowing capacity across its lending facilities available.

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KKR has closed a real estate debt fund targeting investments in the performing commercial property space in the US after raising $838 million in equity capital.

Titled KKR Real Estate Finance Trust (KREF), the fund has so far invested 55 percent of its capital, a spokeswoman for KKR confirmed to PDI.