An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
KKR Builds Investment Services Capabilities in Real Estate Credit with Appointment of Lindsey Wright
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
KKR has appointed Lindsey Wright as Managing Director and Head of Investment Services for its real estate credit business in the United States. In this newly created role, she will develop a services platform focused on asset management, loan origination, and risk management. With over three decades of experience, including her recent role at Greystone, Wright aims to enhance KKR's capabilities as the firm’s real estate credit business grows to approximately $25 billion in assets under management. KKR's global real estate franchise manages about $159 billion in real estate assets.
Positive
Appointment of Lindsey Wright is expected to enhance asset management capabilities.
Wright brings over three decades of real estate experience, which may improve operational efficiency.
Growth of KKR's real estate credit business to approximately $25 billion indicates robust market position.
The new services platform aims to support KKR's rapidly growing securities and direct lending businesses.
Negative
None.
NEW YORK & DALLAS--(BUSINESS WIRE)--
KKR today announced the appointment of Lindsey Wright as Managing Director and Head of Investment Services for the firm’s real estate credit business in the United States.
In the newly created role, Ms. Wright leads the development of a dedicated services platform to support asset management, loan origination, securities investing, risk management and client experience for KKR’s real estate credit franchise as it continues to scale. The platform is based in Dallas, Texas and Ms. Wright plans to build a team of industry specialists to oversee special servicing, stabilized loan asset management, transitional loan asset management support, and investment oversight across KKR’s real estate credit portfolio.
“We are delighted to welcome Lindsey to our team to expand our asset management capabilities at a time of strong growth and momentum for our business,” said Matt Salem, Partner and Head of Real Estate Credit at KKR. “Lindsey is a highly accomplished industry leader and having her expertise will enhance our ability to deliver consistently strong outcomes for our investors and deliver high quality service to our institutional client base.”
Ms. Wright brings more than three decades of real estate asset management and special servicing experience to the firm, and was most recently a Senior Managing Director of Asset Management at Greystone. Prior to joining Greystone in 2020, she spent 18 years at C-III Asset Management (and its predecessor companies), most recently as Senior Managing Director of Asset Management. Ms. Wright holds a BBA in Business Finance from The University of Texas at Arlington.
“I’m excited about the opportunity to build a new business as part of KKR’s entrepreneurial real estate team,” said Ms. Wright. “KKR has created a differentiated real estate franchise, with credit and equity under one leadership team with deep connectivity to the firm’s global asset classes across private equity, credit and infrastructure. This connectivity and the energized focus on building the new team, positions us to create a best-in-class platform that will support KKR’s large and rapidly growing securities and direct lending businesses.”
As of year-end 2021, KKR’s real estate credit business has grown to approximately $25 billion of assets under management, with strategies across senior loans, mezzanine debt and commercial mortgage-backed securities. KKR’s global real estate franchise owns or lends on approximately $159 billion of real estate assets, including over $42 billion of the controlling classes of mortgage securities. KKR’s real estate team has over 135 investment professionals dedicated to equity and credit investing located in markets across the U.S., Europe and Asia.
For more information on employment opportunities with the new services platform, please visit the careers page here.
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 and on Twitter @KKR_Co.
