KKR buys $7.2 billion recreational vehicle loan portfolio from BMO Financial

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The deal is in line with KKR’s strategy of making credit investments that are privately negotiated and are backed by a diverse pool of assets.

BMO will continue to service the super-prime RV loans, which are secured loans with the least amount of risk to lenders.

Kennedy Lewis Investment Management LLC also participated in the transaction, alongside KKR and other investors.