KKR raises $793m

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KKR has raised $793 million to date for its KKR Real Estate Partners Americas II. 

The New York-headquartered firm had set a $2 billion target and began fundraising in the fourth quarter of 2015.

One investor in the fund series is the Maine Public Employees’ Retirement System, which has earmarked $50 million to both REPA I and II.

The fund will target opportunistic strategy in North America's real estate sector.