KKR: makes new investment in eRESI Capital
(CercleFinance.com) - eRESI Capital has secured a new investment from insurance accounts managed by KKR.
Founded in 2019, eRESI provides customized products and liquidity solutions to hundreds of mortgage banking partners.
With the support of KKR's High-Grade Asset-Based Finance (ABF) strategy, eRESI has provided more than $10 billion in residential loan financing.
This new commitment should help expand eRESI's financing capabilities and operational capacity to capture market share and further increase liquidity for its customers.
' We are pleased to support eRESI's growth through our high-quality asset finance strategy, and look forward to strengthening our engagement with the company as it plays a key role in expanding access to financing options in the mortgage market', said Avi Korn and Chris Mellia, global co-heads of asset finance at KKR.
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