UPDATED: Biggest Private Equity Funds Putting Their Money on A10 Capital
KKR Latest To Invest in Non-Bank CRE Lender
February 11, 2016
A10 Capital, a leading middle-market CRE lender, closed a $75 million investment facility from from private equity giant KKR.
This platform investment will bolster A10's core capital base to fuel the future growth of its on-balance sheet bridge and permanent loan products.
"This significant investment from KKR, one of the most prestigious institutional investors in the world, further enhances our leadership position and capital base,” said Jerry Dunn, CEO of A10 Capital based in Boise, Idaho.
Dev Gopalan, KKR's head of U.S. private credit, added that “A10 is positioned to be an effective nonbank CRE lender, able to compete with bank, CMBS, and life company lenders at time when they are being significantly and adversely impacted by new financial regulation."
KKR joins A10's other top-tier institutional backers.
Last September, Blackrock and THL Credit made follow-on investments in A10 Capital. BlackRock is the world’s largest investment firm, with over $4.72 trillion under management. Funds managed by BlackRock along with THL Credit, an alternative credit investment manager with $5.6 billion under management, made an undisclosed investment in A10 Capital’s platform in support of its fast-growing loan portfolio.
With loans ranging from $1 million to more than $20 million per property, A10 has recently funded over 30 million square feet of commercial properties.
Editor's Note: An earlier version of this news article incorrectly reported that Dev Gopalan is an employee of A10 Capital. The article has been corrected to note he is head of U.S. private credit for KKR.