Kkr & Co Inc Stock Price, News & Analysis

KKR (NYSE:KKR) and Energy Capital Partners (ECP) have announced the development of a 190 MW hyperscale data center campus in Bosque County, Texas, marking their first investment from a $50 billion strategic partnership. The project, co-located with Calpine's natural gas power plant, represents a total investment of approximately $4 billion.

The campus will span over 700,000 square feet with an initial IT capacity of 144 megawatts. Developed through a joint venture with CyrusOne, the facility will feature climate-neutral initiatives and is expected to be operational by Q4 2026. The project establishes a new model for integrated AI-ready infrastructure, combining digital capacity with dedicated power supply in one of the nation's fastest-growing compute corridors.

KKR (NYSE:KKR) has announced the acquisition of a majority stake in HealthCare Royalty Partners (HCRx), a leading biopharma royalty acquisition company. HCRx, founded in 2006, has committed over $7 billion in capital and currently manages approximately $3 billion in assets across more than 55 products and 10 therapeutic areas.

The strategic acquisition will enhance KKR's capabilities in biopharma royalty and credit investing while expanding its life sciences presence. HCRx's current Chairman and CEO Clarke Futch will continue leading the team while maintaining a substantial minority interest. KKR has invested more than $20 billion of equity capital in the healthcare sector since 2004, with investments in companies like BridgeBio Pharma, Dawn Bio, and Immedica Pharma.

KKR (NYSE:KKR) has successfully completed a $6.5 billion fundraise for its Asset-Based Finance (ABF) strategy, including $5.6 billion in ABFP II and nearly $1 billion from separately managed accounts. The fundraise targets privately originated credit investments backed by financial and hard assets.

The Fund, which is 2.5x larger than its predecessor, received broad support from diverse global investors. KKR's ABF platform, established in 2016, now manages $74 billion in ABF assets with approximately 50 professionals globally. The strategy focuses on four key themes: Consumer/Mortgage Finance, Commercial Finance, Hard Assets, and Contractual Cash Flows, operating through 18 captive platforms.

This initiative addresses opportunities in the $6 trillion ABF market, which is projected to grow to $9 trillion by 2029. KKR's broader credit platform currently manages $254 billion in credit assets globally.

Capital Group and KKR (NYSE:KKR) are expanding their strategic partnership with the filing of a new public-private equity interval fund, Capital Group KKR U.S. Equity+, expected to launch in early 2026 pending regulatory approval. This follows their successful April launch of two public-private credit interval funds that attracted over $100 million in flows within three months.

The new fund aims to provide everyday investors access to both public and private equity markets through a single solution with lower minimums and no accreditation requirements. The partnership's existing initiatives have already engaged financial advisors across more than 100 firms in public-private education programming.

The companies are also developing additional public-private investment strategies, including access to KKR's real assets strategies, and exploring opportunities in model portfolios and target date funds.

Harley-Davidson (NYSE:HOG) has announced a strategic partnership with KKR and PIMCO that transforms Harley-Davidson Financial Services (HDFS) into a capital-light business. The deal includes the sale of 4.9% common equity interests to each partner and over $5 billion of retail loan receivables at a premium to par.

The transaction unlocks approximately $1.25 billion in discretionary cash for Harley-Davidson, values HDFS at ~1.75x post-transaction book value, and includes a 5-year agreement where partners will purchase about two-thirds of annual HDFS retail loan originations. The company plans to reduce $450 million of debt and return $500 million to shareholders. HDFS will maintain control and continue originating and servicing both new and existing retail loans.

KKR (NYSE:KKR) announced that Japan Post Insurance will invest $2 billion (approximately JPY 300 billion) in a new vehicle sponsored by Global Atlantic, KKR's wholly-owned subsidiary. The investment represents over 50% of the vehicle, which is expected to begin operations in the first half of 2026.

This strategic partnership, initially announced in June 2023, aims to accelerate Japan Post Insurance's global growth strategy and revenue diversification through access to Global Atlantic's insurance, reinsurance, and strategic activities. The investment will be made over time and is expected to have minimal impact on Japan Post Insurance's consolidated financial results for the fiscal year ending March 31, 2026.

The collaboration strengthens KKR and Global Atlantic's presence in Japan while advancing their global insurance strategy, particularly in addressing retirement needs in aging populations across U.S. and international markets.

Global Atlantic, a subsidiary of KKR (NYSE:KKR), has been featured in Barron's 100 Best Annuities Guide for the fourth consecutive year. The company's two highlighted products include the Income 150+ SE fixed index annuity and ForeStructured Growth II Advisory registered index-linked annuity.

The Income 150+ SE offers a distinctive feature providing a 20% boost in Withdrawal Base for guaranteed income, effectively making $120,000 available for income calculations on a $100,000 investment. The ForeStructured Growth II Advisory was recognized in the Best RILAs category for its buffer, floor, trigger rate, and dual directional strategies.

KKR (NYSE:KKR) has announced a significant tender offer for Topcon Corporation (TSE:7732), launching a management buyout through TK Co., Ltd. The tender offer will run from July 29 to September 9, 2025, with a price of JPY 3,300 per common share and JPY 193,400 per 7th Series Share Acquisition Right.

The transaction involves key stakeholders, with Topcon's President and CEO Takashi Eto agreeing to tender his shares. Following the completion, both Eto and funds managed by JIC Capital will invest in KKR-managed vehicles that will own Topcon. Additionally, major shareholder ValueAct Capital has agreed to participate in both the tender offer and subsequent investment.

KKR's investment will primarily come from its Asian Fund IV, targeting Topcon, a global leader in manufacturing technology specializing in optical and precision measurement technology.

KKR (NYSE:KKR) has announced a strategic A$500 million partnership with CleanPeak Energy to expand distributed energy solutions in Australia. The investment, made through KKR's Global Climate Transition strategy, marks its first Asia-Pacific investment in this sector.

CleanPeak Energy, founded in 2017, currently operates over 50 distributed generation sites across Australia, including 140MW of Solar Assets and 35MWH of Battery Energy Storage System (BESS) projects. The company is executing over $200 million in ongoing construction projects.

The partnership aims to grow CleanPeak's distributed solar, battery storage, and micro-grid solutions for Australia's commercial and industrial sector. The transaction is expected to close in H2 2025, subject to regulatory approvals.