KKR has acquired Gen II from Hg and General Atlantic in a deal valuing the business at $5.1 billion on an enterprise value basis. The transaction, made through KKR's Core Private Equity strategy, marks the end of a six-year holding period for the sellers. The two firms indicated they are already jointly evaluating new opportunities.
The platform will provide financing at the fund level, secured against the net asset value of existing portfolios, targeting mid-market managers seeking to support portfolio growth and value creation without selling assets. The fund will target markets including Japan, New Zealand, Singapore, and South Korea. Additionally, Gaw Capital Real Estate Private Debt OFC aims to open up an asset class previously reserved for private fund investors, targeting regular quarterly dividends and long-term capital gains.
Source: PE Insights · Summarized by HeadlinesBriefing