Alternative Investments: Kilter Finance Secures $500 Million in Funding From KKR

KKR (NYSE: KKR) is investing $500 million of equity funding in Kilter Finance.

Kilter Finance intends to use the proceeds to make investments into an attractive pipeline of investment opportunities, predominantly in the life, annuity, and health insurance sectors.

Kilter Finance and KKR

Dan Knipe founded the firm and has worked in the insurance industry for over 20 years with the last 11 as an investor. During his career, he made over 100 discretionary investments totaling more than $4 billion.

Before founding Kilter Finance, Knipe worked at London-based investment manager Leadenhall Capital for 10 years where he started the firm’s life-related investment business and helped grow it to over $2.5 billion in assets.

The finance company provides flexible and innovative financing solutions to the financial services sector on a global basis. The initial area of focus for the investments and loans made by Kilter Finance is financing life, annuity, and health insurers.

The investments and loans made by Kilter Finance will generally include exposure to behavioral, biometric and/or asset risks.

This is the second deal that KKR has announced in the past month. The firm has a substantial amount of dry powder to invest land is moving to take advantage do the current financial market turmoil to deploy capital on attractive terms.

They are also said to be among the bidder for the professional hair and nail products business owned by US-based Coty (NYSE:COTY).

Related: Private Equity: Proskauer Rose Discusses the 10 Biggest Litigation and Regulatory Risks

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