KKR raises nearly $1bn for CMBS B-piece fund

By Max Adams
21 Jul 2020

KKR has raised a $950m fund that will invest in the lowest-rated portions of newly issued CMBS conduit transactions.

The private equity firm said on Monday that it had closed its Real Estate Credit Opportunity Partners II fund, which will attempt to drum up “attractive risk-adjusted returns, primarily through the purchase of junior tranches of new issue conduit CMBS”.

“Having invested over $1.25bn into conduit risk retention ...

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