KKR launches third vintage of Real Estate Credit Opportunity Partners fund
KKR, the New York–based global investment firm, has launched a third vintage of its Real Estate Credit Opportunity Partners (RECOP) fund, which primarily purchases junior tranches of CMBS, as well as other conduit and SASB CMBS and CRE CLOs.
RECOP III’s predecessor, RECOP II, closed in July 2020 with $950 million of committed capital. RECOP I closed in October 2017 after having raised $1.1 billion of capital. All three vintages of the RECOP series have shared the strategy to primarily invest in junior tranches of conduit commercial mortgage–backed securities.
CMBS B-pieces are available for eligible third-party purchasers subject to the risk retention regulations that took effect in December 2016.
For more information about this fund and others, visit the