KKR closed its latest European real estate fund, Real Estate Partners Europe II, at $2.2 billion. The fund focuses on value-added and opportunistic real estate investments in Western Europe in sectors such as logistics, residential, student housing, hospitality and offices. REPE II received commitments from new and existing investors globally, including public pension funds, sovereign wealth funds, insurance companies and endowments. Among investors was the $17.6 billion Maine Public Employees Retirement System, Augusta, which committed up to $25 million in 2019. REPE II is the successor fund of Real Estate Partners Europe I, the firm’s first dedicated European real estate fund, which closed in June 2016 with $739 million in commitments.
KKR Real Estate is a global provider of equity and debt capital across real estate investment strategies. Real estate has been a part of the firm’s strategy since 1981 when we first began pursuing real estate opportunities through our private equity strategy. In 2011, we made a decision to form a dedicated real estate platform. As of March 31, 2021, our team consists of 114+ dedicated investment and asset management professionals across eight countries, with more than ~$28 billion of assets under management.