MassPRIM backs KKR

The US pension fund committed capital to KKR's latest opportunistic credit fund.

Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, US
AUM: $92.4 billion

Massachusetts Pension Reserves Investment Management Board has committed $150 million to KKR Opportunistic Real Estate Credit Fund II, according to its December meeting materials.

KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. The firm was established in 1976 by Henry Kravis and George Roberts, headquartered in New York.

As illustrated below, MassPRIM’s real estate fund commitments tend to target North American vehicles focusing on the residential sector.

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