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KKR keen on mezzanine deals in Australia

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August 5
3:14 AM 2013

KKR & Co., one of United State's largest private equity firms, stated it is inclined to invest in alternative assets in Asia Pacific. An executive at KKR Australia said on Monday that the firm is particularly interested in corporate debt.

"What we think is really important, not only in the Asia Pacific, but globally, is being more than a private-equity player," the chief of KKR Australia, Justin Reizes, said during an interview with media.

KKR sees various opportunities in alternative assets especially in the provision of Australia companies with structured debt and mezzanine. "We think there's an opportunity because there aren't that many focused on mezzanine in Australia. Senior debt is available but getting that middle part of the capital structure is hard to come by," the executive said.

Mezzanine debt enables the creditor to convert the debt offered into equity if in case the loan is not repaid on time. Mezzanine deals usually carry a higher interest rate compared to other debt finacing structures.

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