KKR top up Toorak Capital investment to $500 million


American private equity giant, KKR said it has increased its investment in Toorak Capital Partners to $500 million after committing $250 million to the company in 2018.

Toorak Capital Partners is a real estate loan investment platform.

The company has carried out more than $2.5 billion in investments across more than 8,000 loans in 45 states. The milestone has, however, more than double the company’s $1 billion targets of total loans purchased at this time last year.

John Beacham, CEO of Toorak, said, “Since its inception, Toorak has been dedicated to institutionalizing the residential investor loan market by providing reliable capital to our lending partners. The additional capital from KKR will enable us to further broaden our product offerings to these partners and help fuel additional growth. We are proud of the role we have played – and this investment helps us continue to play – in financing the rehabilitation of properties and communities across the U.S. and U.K. in order to provide high-quality housing options for thousands of families.”

Dan Pietrzak, Member of KKR Credit, added, “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.”