KKR launches container leasing and financing platform, Galaxy Container Solutions

[Container cargo ship sailing at sea during sunset, side view]
phaisarn2517

KKR (NYSE:KKR [https://seekingalpha.com/symbol/KKR]) is committing $500M [https://seekingalpha.com/pr/20271308-kkr-launches-galaxy-container-solutions-a-global-container-leasing-and-financing-platform], through its asset-based finance strategy, to create Galaxy Container Solutions, a global marine container leasing and financing platform, the company said on Monday.

KKR is teaming up with industry veterans to launch the platform. Galaxy will be owned by KKR-managed credit funds and accounts.

"Galaxy represents an exciting expansion of our asset-based Finance strategy into the container leasing sector, which offers attractive downside-protected investment opportunities backed by essential global trade infrastructure," said Daniel Pietrzak, partner and global head of Private Credit at KKR (NYSE:KKR [https://seekingalpha.com/symbol/KKR]).

Jeffrey Gannon, CEO of Galaxy Container Solutions, said it's a perfect time to launch Galaxy, "as market dynamics like lessor consolidation and sustained demand are creating real opportunities for new entrants."

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