KKR Said to Debut Real Estate Fund With Initial $500 Million

KKR & Co., the buyout firm run by Henry Kravis and George Roberts, is preparing to market its first fund dedicated to real estate investments with an initial $500 million committed to the pool, according to two people with knowledge of the matter.

The firm committed a significant amount of its own money to put investors at ease as it gears up to pitch the fund to additional so-called limited partners, said one of the people, who asked for anonymity because the plans are private. KKR hasn’t set a target for the fund, the people said.