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KKR Closes on First European RE Fund

LONDON—With capital commitments of $739 million from a variety of investors, the fund will further KKR’s goal of building “a diverse portfolio of investments capable of yielding attractive risk-adjusted returns,” says the firm’s Guillaume Cassou.

Guillaume Cassou “We continue to build out our real estate platform in Europe,” says KKR’s Guillaume Cassou.

LONDON—KKR said Tuesday it had closed on its first pan-European real estate fund. With capital commitments of $739 million, the new fund will pursue opportunistic investments mainly in Western Europe.

“We believe that Europe provides an attractive real estate investment environment,” says Ralph Rosenberg, global head of KKR Real Estate. “This, coupled with KKR’s 40 years of global investment experience, 20 years of European experience and our powerful global sourcing network, leads us to believe we can be a differentiated partner of choice in today’s European real estate market.”

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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