Property Futures

Real Estate News, Reviews and Investment

Funding real-estate development in the US

News: pooling resources to invigorate realty development in the US.

KKR

The KKR & Co., a private equity firm operated by Henry Kravis and George Roberts, is about to market its first fund dedicated to real estate with a starting amount of $500 million invested in the pool.

Committing self-generated funds to realty development

The firm committed a large amount of its own capital to allay the fears of investors as it poised itself in giving the fund to additional the so-called limited partners

KKR Funding strategies

The plans, engineered entirely by the firm, are private and a lot of people are reluctant to divulge any information relating to it.

The company began as a real-estate unit in 2011, and is following in the wake of established competitors like the Blackstone Group and Carlyle Group. The company has contributed in excess of US$650 million to 10 property undertakings, investing primarily from its own financial resources.

The company is bent on intensifying its efforts in increasing its interest in real estate deals and in grabbing as much land as it possibly can. Head of the company’s global capital and asset management indicated during an investing conference in September that fundraising was always a difficult thing to do and the raising of funds for the first time was challenging. He also alluded to the fact that the company had always tried to be self-funding in all of its realty endeavors.

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This entry was posted on April 23, 2013 by in Future, Investment, Property.

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