KKR Real Estate Credit London – Internship Overview

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. With offices in over 23 cities across 4 continents, KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group.

As a firm we manage investments across multiple asset classes and as individuals we are encouraged to think creatively to solve problems, explore opportunities, take on new responsibilities and challenges, put our clients first and contribute to our communities. We often measure success over years, not quarters. We value integrity in all that we do, whether it’s presenting numbers accurately or being open and honest with a portfolio company executive. People want to do business with those they like and trust. It’s a mantra instilled in all of us from the top down.

At KKR, we believe that diverse teams increase performance and produce better results. Teams consisting of employees with varied backgrounds and perspectives will help strengthen our Firm and our investment decisions. Therefore, in an effort to enhance the diversity of our organization, we are particularly focused on recruiting talent that will bring different experiences, capabilities, skills and viewpoints to our organization.

Overview:

KKR’s Real Estate Credit business was formed in January 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms. The team is led by Matt Salem and has ~40 dedicated investment and asset management professionals based in New York, San Francisco, Houston and London.

With an exceptional track record in Real Estate equity in North America and Europe and Real Estate credit in North America, the business is now consolidating a commercial real estate credit presence in Europe having launched the strategy in 2022.

Role and Responsibilities:

The Real Estate Credit team is looking for motivated Interns to join the investment team in London for six months. An Internship with KKR will provide an intern with excellent real estate direct lending experience and outstanding learning opportunities. It will also provide great access to liaise with teams throughout KKR, senior management of companies and other external market participants (e.g. bankers, brokers, advisers, private equity funds and other buyside investors).

Role Summary:

The role will be varied, challenging and highly rewarding. Typical day to day responsibilities will involve the following:

- Excel modelling
- Drafting of memoranda for internal and external use
- Market research
- Development of presentations
- Performing various analyses to assist in making investment decisions
- Real estate valuation analysis
- Assisting with due diligence and execution of transactions
- Involvement with management of external parties such as operating partners and external service providers

Selection Criteria / Required Skills:

- Previous Internship in Real Estate Credit, Real Estate Equity or Investment Banking
- Strong academic track record
- Interest in Real Estate
- Second European Language is preferred
- Strong financial modelling skills
- Positive and eager attitude with a willingness and curiosity to learn
- Ability to learn quickly, take initiative and demonstrate proactivity in approach to work
- Excellent written and oral communication skills
- Strong interpersonal skills with capacity to interact with all levels
- Dedicated team player with a strong sense of ownership
- Ability to work in a fast-paced, challenging work environment making time management and work prioritization essential skills

Internship Start Date: January 2025 (first cycle) or June 2025 (second cycle). The CV should clearly indicate which cycle you are applying for and earliest available start date underneath candidate’s name.

Internship Duration: 6 months

Job Location: KKR, 18 Hanover Square, London, W1S 1TA

Hours: Monday to Friday 9.00-6.00, flexibility required

Application Process: CV (one-page) and cover letter (one-page) are required. The cover letter should address your motivation for applying, reasons why you would be a good fit for the real estate credit team at KKR, and briefly elaborate on your interest in real estate credit. 

Deadline for Applications: 11^th Oct 2024 (early applications are encouraged as applications are reviewed on a rolling basis).