Fundraising - JUNE 21, 2016

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KKR fund holds $739m final close

by Andrea Waitrovich

KRR has announced the final closing of KKR Real Estate Partners Europe, raising $739 million.

“We believe that Europe provides an attractive real estate investment environment,” said Ralph Rosenberg, global head of KKR real estate, in a statement.

The opportunistic fund invests in real estate and real estate–related transactions, primarily in Western Europe.

The fund’s primary investing activity will be ownership of real property or entities where the primary value resides in real property, and may make investments in both equity and debt securities. The fund will make investments with the intent of controlling or influencing the real estate assets or companies in which it invests or, in the case of debt investments, controlling the debt class or influencing the resolution of a real estate restructuring.

Since launching a dedicated real estate platform in 2011, KKR has committed more than $2.7 billion in equity and deb

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