Real Estate Credit Analyst/ Associate

KKR

New York, NY, USA
Posted on July 8, 2024

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 $71 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.

KKR Real Estate Credit

KKR Real Estate Credit was formed in 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms in the U.S. and Western Europe. KKR Real Estate Credit is an integrated real estate credit business that invests in loans and securities across the risk spectrum, from core through opportunistic. KKR Real Estate Credit has approximately $36 billion of AUM as of March 31, 2024, and invests primarily through six main pools of capital.

KKR has developed a dedicated investment services platform, K-Star Asset Management LLC (“K-Star”), to support asset management, loan origination and underwriting, securities investing, risk management, and client experience for KKR Real Estate Credit as it continues to scale. The K-Star team includes industry specialists in special servicing, asset management, due diligence, and loan closing, among other functional areas.

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.

POSITION OVERVIEW

KKR Real Estate Credit is seeking to hire an investment professional to join its industry-leading Direct Lending team focused on originations to help drive its continued growth and expansion in the real estate credit space.

The primary responsibilities for the role include modeling and underwriting commercial loans across multiple asset classes, geographies, and KKR investment vehicles, managing the entire due diligence process (both internally and externally), and preparing investment memorandums.

RESPONSIBILITIES

In addition to the above, the successful candidate will also:

  • Actively coordinate investment process (bidding, due diligence, and closing)
  • Participate in due diligence sessions, loan structuring negotiations, and closing processes
  • Participate and present in pipeline meetings, deal screening sessions, and investment committees
  • Develop investment themes and conduct macro and micro level data analysis to inform investment decisions
  • Assist team with ongoing loan asset management, reporting requirements, and other fundraising/investor relations work streams
  • Participate in various strategic task forces and initiatives to further scale and institutionalize the KKR Real Estate Credit business
  • Work collaboratively with colleagues in KKR Real Estate Credit and KKR Real Estate Equity as well as across the firm to “connect the dots” and support KKR’s one-firm approach

QUALIFICATIONS

  • 2-4 years of relevant work experience, preferably in commercial real estate lending
  • Superior analytical and financial modeling skills with demonstrated investment acumen, knowledge and thoughtfulness as a credit-minded investor
  • Strong knowledge of commercial real estate, fixed income, and financial concepts
  • Exceptional written and presentation skills and strong executive presence

In addition to the above, we are looking for someone that is:

  • Collaborative and has strong relationship building skills
  • Able to work independently and represent the Firm’s culture and values in a professional manner
  • Goal-oriented and has the ability to effectively multi-task, prioritize, and manage timelines
  • Entrepreneurial, resourceful, and a self-starter
  • Intellectually curious and has a desire to continuously expand their knowledge base
  • Committed to the highest level of integrity and professionalism

#LI-DNI

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range
$120,000$165,000 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.

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