The New York-based firm is targeting $1-2 billion in originations in the region next year amid a 'super-interesting time' for non-bank lenders
The platform will be led by Ali Imraan, who joined in January as head of European real estate credit and previously was managing director of debt investments and special situations at Chicago-based manager LaSalle Investment Management. Rounding out the London-based team are principal Saurav Chakraborti, formerly an executive director at Goldman Sachs; principal Francesco Cariati, previously an executive director at Morgan Stanley Investment Management; and associate Antonio Guerra, previously an associate at Deutsche Bank.
All three executives joined in June or July of this year. KKR will invest across the real estate capital stack, including whole loans, mezzanine and construction financing.
The business will focus on the core markets of the UK, Germany, Netherlands, France and Spain, as well as the Nordics and Ireland, and property sectors with strong income growth, particularly industrial and residential.
Source: https://www.recapitalnews.com/kkr-launches-european-real-estate-debt-business/?utm_source=newsletter-termsheet&utm_medium=email&utm_campaign=rec-europe-termsheet-subscriber&utm_content=02-11-2022#, on 8 November 2022