Kennedy Wilson expanded its global debt platform with a new $700 million partnership with an unnamed global institutional investor.
The new $700 million debt investment platform grows the firm’s overall global debt portfolio to $3 billion in assets. The partnership will target loans secured by high-quality real estate in the U.K. and Europe. Kennedy Wilson said it expects an average ownership of 5-10% across its global debt platform and will earn management fees for its role as investment manager.
The overall platform, which includes partners across insurance and sovereign wealth, invests . . .
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