|
Laxman Pai, Opalesque Asia: Global investment firm KKR completed a $6.5 billion fundraise, including $5.6 billion in KKR Asset-Based Finance Partners II (ABFP II) and nearly $1 billion from separately managed accounts focused on the same type of investments.
ABFP II fundraise focused on committing capital globally to privately originated and negotiated credit investments backed by large and diversified pools of financial and hard assets.
Daniel Pietrzak, Partner and Global Head of Private Credit at KKR, stated in a press release that: "The $6 trillion Asset-Based Finance (ABF) market, projected to exceed $9 trillion by 2029, is one of the most dynamic opportunity sets today, yet it remains relatively undercapitalized."
ABFP II received widespread support across a diverse group of new and existing investors globally, including public and corporate pensions, sovereign wealth funds, private banks, insurance companies, asset managers, and family offices.
Investors in ABFP II include the South Carolina Retirement Systems, Columbia; the Los Angeles Fire and Police Pension System; and the Ohio School Employees Retirement System, Columbus.
Varun Khanna, Avi Korn, and Chris Mellia, global co-heads of ABF at KKR, said: "At over 2.5x the size of its predecessor, ABFP II's success is a testament to the confidence our investors place in our team to deliver compelling risk-adjusted returns. We are grateful for their continued support."
According to the release, KKR ...................... To view our full article Click here
|
RSS
