eRESI Secures Additional Investment from KKR
eRESI Capital has secured additional investment from KKR insurance accounts, building on their initial 2021 investment. The company, founded in 2019, has provided over $10 billion in residential whole loan funding through its mortgage funding platform. The new capital will support eRESI's expansion of funding capabilities and operational capacity to increase market share. KKR's High-Grade Asset-Based Finance strategy, which manages approximately $66 billion in assets globally, focuses on investment grade financings and whole loan purchases.
eRESI Capital ha ottenuto ulteriori investimenti da parte dei conti assicurativi di KKR, ampliando il loro investimento iniziale del 2021. L'azienda, fondata nel 2019, ha fornito oltre 10 miliardi di dollari in finanziamenti a prestiti residenziali attraverso la sua piattaforma di finanziamento ipotecario. Il nuovo capitale supporterà l'espansione delle capacità di finanziamento e della capacità operativa di eRESI, aumentando così la quota di mercato. La strategia di finanziamento basata su asset di alta qualità di KKR, che gestisce circa 66 miliardi di dollari in attivi a livello globale, si concentra su finanziamenti di grado d'investimento e acquisti di prestiti interi.
eRESI Capital ha conseguido una inversión adicional de las cuentas de seguros de KKR, ampliando su inversión inicial en 2021. La empresa, fundada en 2019, ha proporcionado más de 10 mil millones de dólares en financiación de préstamos residenciales a través de su plataforma de financiación hipotecaria. El nuevo capital apoyará la expansión de las capacidades de financiación y de la capacidad operativa de eRESI para aumentar su participación en el mercado. La estrategia de Financiación Basada en Activos de Alta Calidad de KKR, que gestiona aproximadamente 66 mil millones de dólares en activos a nivel mundial, se centra en los financiamientos de grado de inversión y en la compra de préstamos enteros.
eRESI Capital는 2021년에 대한 초기 투자에 기반하여 KKR 보험 계좌로부터 추가 투자를 확보했습니다. 2019년에 설립된 이 회사는 모기지 자금 조달 플랫폼을 통해 주택 전체 대출 자금 조달에 100억 달러 이상을 제공했습니다. 새로운 자본은 eRESI의 자금 조달 능력 및 운영 능력 확장을 지원하여 시장 점유율을 늘리는 데 기여할 것입니다. KKR의 고급 자산 기반 금융 전략은 전 세계적으로 약 660억 달러의 자산을 관리하며, 투자 등급 자금 조달 및 전체 대출 구매에 중점을 두고 있습니다.
eRESI Capital a sécurisé un investissement supplémentaire des comptes d'assurance de KKR, s'appuyant sur leur investissement initial de 2021. Fondée en 2019, l'entreprise a fourni plus de 10 milliards de dollars en financement de prêts résidentiels via sa plateforme de financement hypothécaire. Ce nouveau capital soutiendra l'expansion des capacités de financement et de la capacité opérationnelle d'eRESI afin d'augmenter sa part de marché. La stratégie de financement basée sur des actifs de haute qualité de KKR, qui gère environ 66 milliards de dollars d'actifs à l'échelle mondiale, se concentre sur les financements de qualité investissement et les acquisitions de prêts entiers.
eRESI Capital hat zusätzliche Investitionen von den Versicherungsunternehmen KKR gesichert und damit auf ihrer ursprünglichen Investition im Jahr 2021 aufgebaut. Das im Jahr 2019 gegründete Unternehmen hat über 10 Milliarden Dollar an Wohnungs-Whole-Loan-Finanzierungen über seine Hypothekenfinanzierungsplattform bereitgestellt. Das neue Kapital wird die Erweiterung der Finanzierungsmöglichkeiten und der operativen Kapazitäten von eRESI unterstützen, um den Marktanteil zu erhöhen. Die High-Grade Asset-Based Finance-Strategie von KKR, die weltweit etwa 66 Milliarden Dollar an Vermögenswerten verwaltet, konzentriert sich auf Investitionsgrade-Finanzierungen und den Erwerb von Whole Loans.
- Secured additional investment from KKR insurance accounts
- Achieved $10 billion in residential whole loan funding
- Expanding funding capabilities and operational capacity
- Backed by KKR's $66 billion Asset-Based Finance platform
- None.
Insights
Founded in 2019, eRESI offers customized products and liquidity solutions to hundreds of mortgage banking partners. With the support of KKR’s High-Grade Asset-Based Finance (ABF) strategy, eRESI has provided over
"With KKR’s support, we have achieved remarkable goals, and we look forward to accomplishing even more in the future,” said Gregory Tsang, Chief Executive Officer and Tim Wang, President of eRESI. “Our best-in-class platform empowers us to deliver exceptional products and services to our customers and partners and this commitment will continue to drive our growth and strengthen our market-leading position."
“We are pleased to support eRESI’s growth through our High-Grade Asset-Based Finance strategy and look forward to deepening our commitment to the company, which plays a key role in expanding access to financing options in the mortgage market” said Avi Korn and Chris Mellia, global co-heads of Asset-Based Finance at KKR.
KKR’s high grade ABF strategy focuses on investment grade and investment grade-like financings and whole loan purchases. Through access to proprietary sourcing and privately negotiated structures, this strategy can provide attractive excess returns over corporate investment grade exposure with similar risk. KKR’s ABF platform began investing in 2016 and now has approximately
About eRESI
eRESI’s comprehensive private capital access and technology platform is empowering mortgage companies with better liquidity and more efficiency. eRESI continues to expand its Non-Agency market share through enhanced transparency, innovative process, and best-in-class client service. The ability to provide a fully integrated suite of solutions and expansive executions to origination partners and capital markets helps support and benefit the
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as 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 Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104047364/en/
For eRESI:
Semone Aye
1-855-208-2546
semone.aye@eresimortgage.com
For KKR:
Julia Kosygina or Lauren McCranie
212-750-8300
media@kkr.com
Source: eRESI
FAQ
How much has eRESI provided in residential whole loan funding with KKR's support?
When did KKR first invest in eRESI?
What is the size of KKR's Asset-Based Finance platform?
When was eRESI Capital founded?
