KKR Raises Over $850 Million for Opportunistic Real Estate Credit Strategy
02.19.25
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Simpson Thacher advised KKR on the formation of KKR Opportunistic Real Estate Credit Fund II (“ROX II”), a strategy dedicated to opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe. Closed commitments to the comingled fund and separate accounts pursuing KKR’s Opportunistic Real Estate Credit Strategy total over $850 million.
ROX II is KKR’s flagship private fund investing across the full breadth of KKR Real Estate Credit’s opportunistic capabilities. The strategy has a flexible mandate to pursue attractive risk-adjusted returns across both loans and securities. Loan originations will focus on first mortgages secured by high-quality properties owned by institutional sponsors and located in major markets within the United States and Western Europe. KKR has established a leading franchise over the past decade as a mortgage lender of choice to top sponsors.
The Simpson Thacher team included Jason Herman, Sage Hughes, Beate Krieger, Albi Kocibelli, Avalee Hagerty and Anna-Carolina Zwinge (Private Funds); and Marcy Geller, Jasmine Hay, Preston Irace and Roberto Arza (Tax).