What are the responsibilities and job description for the Real Estate Credit Securities Analyst position at KKR?
Company Overview
KKR & Co. Inc., together with its subsidiaries, is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group.
Team Overview
KKR Real Estate was founded in 2011 on the belief that a dedicated real estate team with access to KKR’s global investment platform could create differentiated deal flow and compelling risk-adjusted returns for our investors. KKR Real Estate is a global solutions provider across the capital structure in the real estate industry, and we focus on opportunities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings that can benefit from KKR’s operational expertise. The primary mandate of KKR Real Estate is to leverage the KKR brand, relationships, industry expertise, and proprietary knowledge of the Firm (where appropriate) together with the real estate expertise of the team to create differentiated deal flow for our investors.
Led by Ralph Rosenberg, Global Head of KKR Real Estate, the team has approximately 150 real estate investment and asset management professionals and has grown to over $81 billion of AUM. We believe our fully integrated real estate equity and credit platform generates differentiated access to information about real estate fundamentals, market trends, themes, pricing and structuring that provides us with what we believe to be enhanced relevance in the real estate investment and capital markets. Our capabilities across real estate equity, real estate loans and real estate securities, under the same leadership team, has allowed us to create a global portfolio of approximately $254 billion of assets to which we lend or own as of March 31, 2024. This platform is further enhanced by KKR’s broad investment experience and powerful sourcing networks.
About Kkr Real Estate Credit
KKR Real Estate Credit, led by Matt Salem, was formed in 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms. The Securities business within Real Estate Credit is led by Rene
Theriault. Currently the Securities team is investing through four separately capitalized vehicles:
KKR Real Estate Credit’s investment philosophy begins with the broader investment approach that KKR has employed for four decades. KKR is a long-term fundamental investor focused on value creation and producing attractive risk-adjusted returns. Within KKR Real Estate Credit, we seek opportunities where we have a sourcing, underwriting or execution advantage by leveraging KKR’s brand, industry knowledge and relationships. Our experienced team is complemented by a deep bench of investment professionals in KKR’s private equity, real assets, credit and capital markets businesses, among others, that allow us to employ a differentiated approach to investing.
Responsibilities
Base Salary Range
$120,000—$130,000 USD
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
KKR & Co. Inc., together with its subsidiaries, is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group.
Team Overview
KKR Real Estate was founded in 2011 on the belief that a dedicated real estate team with access to KKR’s global investment platform could create differentiated deal flow and compelling risk-adjusted returns for our investors. KKR Real Estate is a global solutions provider across the capital structure in the real estate industry, and we focus on opportunities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings that can benefit from KKR’s operational expertise. The primary mandate of KKR Real Estate is to leverage the KKR brand, relationships, industry expertise, and proprietary knowledge of the Firm (where appropriate) together with the real estate expertise of the team to create differentiated deal flow for our investors.
Led by Ralph Rosenberg, Global Head of KKR Real Estate, the team has approximately 150 real estate investment and asset management professionals and has grown to over $81 billion of AUM. We believe our fully integrated real estate equity and credit platform generates differentiated access to information about real estate fundamentals, market trends, themes, pricing and structuring that provides us with what we believe to be enhanced relevance in the real estate investment and capital markets. Our capabilities across real estate equity, real estate loans and real estate securities, under the same leadership team, has allowed us to create a global portfolio of approximately $254 billion of assets to which we lend or own as of March 31, 2024. This platform is further enhanced by KKR’s broad investment experience and powerful sourcing networks.
About Kkr Real Estate Credit
KKR Real Estate Credit, led by Matt Salem, was formed in 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms. The Securities business within Real Estate Credit is led by Rene
Theriault. Currently the Securities team is investing through four separately capitalized vehicles:
- Global Atlantic (GA), one of the largest fixed rate and fixed annuity providers in the US, serving more than two million policyholders through its diversified retirement and life insurance products, was acquired by KKR in 2021, providing significant scale to the real estate platform;
- ROX II (Real Estate Opportunistic Credit II), a strategy that focuses on originating first mortgage loans secured by transitional institutional quality real estate and investing in attractive securities opportunities, including CMBS B-pieces, the junior-most tranches of new-issue CMBS pools;
- KREST (KKR Real Estate Select Trust), a ’40 Act REIT delivering institutional quality real estate to income- focused investors by thematically investing in high-quality, stabilized, income-oriented real estate equity and debt;
- Real Estate Stabilized Credit (RESTAC), an open-ended fund that invests in Single Asset Single Borrower (SASB) CMBS investments, including risk retention HRR classes.
KKR Real Estate Credit’s investment philosophy begins with the broader investment approach that KKR has employed for four decades. KKR is a long-term fundamental investor focused on value creation and producing attractive risk-adjusted returns. Within KKR Real Estate Credit, we seek opportunities where we have a sourcing, underwriting or execution advantage by leveraging KKR’s brand, industry knowledge and relationships. Our experienced team is complemented by a deep bench of investment professionals in KKR’s private equity, real assets, credit and capital markets businesses, among others, that allow us to employ a differentiated approach to investing.
Responsibilities
- Underwrite, model and price all CMBS investments, manage the entire due diligence process (both internally and externally), prepare investment memorandums and bid letters, and underwrite individual loans in each CMBS investment;
- Participate and present in pipeline meetings, Securities deal working sessions, and investment committees while displaying a high level of communication and presentation skills
- Actively coordinate investment process (bidding, due diligence, and closing); participate in due diligence sessions, calls with the loan sellers, and closing processes, and perform loan, pool, and market level data analysis;
- Assist team with quarterly valuations, reporting requirements, and other fundraising / investor relations work streams
- 1-2 years of relevant work experience, preferably in commercial real estate and / or fixed income
- Entrepreneurial, resourceful, self-starter type who demonstrates hustle and drive
- Intellectual curiosity and a desire to continuously expand knowledge base
- Highest level of integrity and professionalism
- Superior analytical and financial modeling skills
- Strong fundamental knowledge of commercial real estate, fixed income, and general financial concepts
- Exceptional written and presentation skills
- Team player with desire to contribute to a collaborative work environment
Base Salary Range
$120,000—$130,000 USD
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
Salary : $120,000 - $130,000
