The global investment firm KKR & Co. Inc. (NYSE: KKR) has announced the final close of the KKR Opportunistic Real Estate Credit Fund II (ROX II) at $850 million.
The company describes ROX II as “a strategy dedicated to opportunistic investments in senior loans and real estate securities in the US and Western Europe,” adding that it will “pursue attractive risk-adjusted returns across both loans and securities.”
“We believe it is a great time to invest real estate credit,” said Matt Salem, partner and head of real estate credit at KKR. “The asset class offers attractive absolute and relative returns, underpinned by the opportunity to lend on high-quality, well-located assets at conservative leverage levels on re-set property values. We have designed our ROX II strategy with a flexible mandate to participate in what we view as the best risk-adjusted opportunities we see across our platform, with the objective of delivering attractive returns coupled with significant current income and a focus on downside protection.”
