- KKR expands its Pillarstone platform, inking a deal with Alpha Bank and Eurobank to manage up to $1.35B of problem loans.
- Pillarstone was launched last summer through a partnership with two Italian banks. It's aim is to provide a fresh source of long-term capital to capital-challenged banks, along with the P-E firm's restructuring expertise. Banks signing on will be able to capture some of the upside as loan performance improves.