Announced
Synopsis
Toorak Capital Partners, a leading real estate loan investment platform, has obtained an increased investment from KKR, a leading global investment firm. KKR increased its capital commitment to $500m after committing $250m to the company in 2018, following the firm’s initial commitment of $75m in 2016. The investment comes as Toorak completed more than $2.5bn in investments across more than 8k loans in 45 states and the UK, more than doubling the company’s $1bn milestone of total loans purchased at this time last year. Toorak invests in small balance real estate loans throughout the US and the UK, including single-family rental loans and commercial and residential bridge loans. “We are thrilled to celebrate these significant milestones for Toorak and to have the opportunity to continue to invest in the company, one we firmly believe is substantially improving financing options in the real estate market.”Dan Pietrzak, KKR Credit Member.
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