KKR unveils real estate ambitions

Real estate, mezzanine debt and expansion into public equities are on the agenda for KKR, according to an investor presentation released in conjunction with the firm’s plans to go public.

Private equity firm Kohlberg Kravis Roberts is looking to expand its activities into real estate, mezzanine debt and public equities, just weeks after unveiling platforms for fixed-income and infrastructure asset management.

The firm will also continue to expand into Asia and add new geographies, including Latin America, according to an investor presentation made public in relation to its plans to list shares on the New York Stock Exchange. 

KKR did not specify what its activities will include in these sectors, aside from noting the new activities will “leverage” the KKR “brand”.

KKR has lagged behind many of its competitors in rolling out branded affiliates. Several of the largest private equity firms, including The Carlyle Group and The Blackstone Group, also have real estate investment arms. Last week, sister website PrivateEquityRealEstate.com reported that New York-based Apollo Management is seeking to launch a private equity real estate platform.

KKR recently made moves into the infrastructure sector, launching a $5 billion infrastructure fundraising. That fund is targeting global opportunities in Europe, Asia and the US. KKR hired former Lazard banker George Bilicic as head of infrastructure.

KKR said it will acquire and de-list its Euronext-traded fund, KKR Private Equity Investors, and then list the combined entity on the NYSE later this year.