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KKR & Co. Inc. (NYSE: KKR), founded in 1976 by Henry Kravis and George Roberts, is a leading global investment firm managing investments across various asset classes such as private equity, energy, infrastructure, real estate, credit, and hedge funds. Headquartered in New York, KKR aims to generate attractive investment returns through a patient and disciplined investment approach, employing world-class talent, and driving growth and value creation at the asset level.
As of March 2023, KKR boasts an impressive $577.6 billion in total managed assets, which includes $470.6 billion in fee-earning assets under management (AUM). KKR operates through two primary segments: Asset Management and Insurance. The Asset Management segment involves private markets (private equity, credit, infrastructure, energy, and real estate) and public markets (primarily credit and hedge/investment fund platforms). The Insurance segment follows KKR's acquisition of Global Atlantic Financial Group, focusing on retirement, annuity, life insurance, and reinsurance products.
KKR invests its own capital alongside its partners' capital, offering opportunities through its capital markets business. The firm's commitment to excellence and growth is evident in its strategic partnerships and significant investments, such as its recent venture with Capital Group to introduce hybrid public-private market investment solutions designed to provide broader access to alternative investments.
In recent news, KKR announced significant developments, including a strategic partnership with Capital Group and a $600 million cash acquisition of Mirus Bio by Gamma Biosciences, a life sciences platform established by KKR.
- Latest News: FS KKR Capital Corp. declared a second-quarter 2024 distribution of $0.75 per share.
- Strategic Partnerships: KKR and Capital Group join forces to create hybrid public-private market investment solutions.
- Acquisitions: Gamma Biosciences, backed by KKR, agreed to sell Mirus Bio to Merck KGaA for $600 million.
For more information, visit KKR's website or follow them on Twitter: @kkr_co.
KKR has entered into a binding agreement to acquire Dawsongroup, a leading independent asset leasing business. The acquisition, part of KKR's Global Climate strategy, aims to scale net-zero solutions and support Dawsongroup's sustainability-led ambitions. Dawsongroup, headquartered in Milton Keynes, UK, operates across 11 countries with over 1,150 employees, specializing in vehicle and refrigerated box leasing.
The company posted record performance with Group EBITDA of approximately £250m last year. Under KKR's ownership, Dawsongroup plans to expand its markets and accelerate fleet electrification. KKR will implement an employee ownership program, allowing staff to participate in the company's future success. The transaction, pending regulatory approvals, builds on KKR's extensive experience in infrastructure investing, having deployed over $24 billion in UK equity and $21 billion in renewable energy and climate-related investments from its infrastructure platform.
KKR and Gulf Data Hub (GDH) have announced a strategic partnership where KKR-affiliated funds will acquire a stake in GDH, marking one of the largest international investments in a UAE-founded business. The partners have committed to support over $5 billion of total investment to expand GDH's data center capacity across the Gulf region.
GDH, established in 2012, operates seven purpose-built data centers in the UAE and Saudi Arabia, with plans for additional facilities in Kuwait, Qatar, Bahrain, and Oman. The company focuses on meeting hyperscale demand driven by increasing digital connectivity, cloud computing, and artificial intelligence needs.
This represents KKR's first data center investment in the Middle East, adding to their global portfolio of four hyperscale platforms comprising several GW of deployed assets across 100+ facilities. KKR manages $77 billion in infrastructure assets and has invested more than $29 billion across 22 digital infrastructure companies.
KKR has appointed Sir Jeremy Darroch as Executive Advisor to support the firm's European Private Equity investment activities, particularly in the UK and TMT sector. Darroch brings significant experience, having served as Executive Chairman and Group CEO of Sky until 2021, where he transformed the company into Europe's largest multi-platform TV provider and tripled the business size.
During his tenure at Sky, Darroch oversaw the transition to Comcast's ownership following its $40bn acquisition in 2018. He currently serves as Chairman of Reckitt Benckiser Group and Director of The Walt Disney Company. The appointment aligns with KKR's 25-year investment history in the UK and recent closure of its $8 billion European Fund VI, focusing on business growth through KKR's network and resources.
Global Atlantic Financial Group has launched ForeStructured Growth II, an innovative registered index-linked annuity (RILA) designed to balance growth potential with downside protection. The product features over 50 index-linked strategies with buffer and floor protection features, including unique Dual Directional features that can generate positive crediting even in negative markets.
The launch addresses findings from Global Atlantic's 2024 Retirement Outlook Survey, where nearly 70% of investors showed interest in protection against investment loss. The product introduces two innovative crediting strategies: the Dual Directional Trigger and Cap with Buffer Strategy, and the exclusive Dual Directional Yield with Buffer Strategy, which offers quarterly Performance Credits throughout a six-year Strategy Term.
Qventus, an AI-based care automation software provider, announced a $105 million Series D investment led by KKR, with participation from Bessemer Venture Partners and new strategic investors such as Northwestern Medicine, HonorHealth, and Allina Health. This funding aims to expand Qventus' AI Operational Assistants platform across more clinical operations, building on its existing solutions like Surgical Growth and Inpatient Capacity.
Qventus' platform reduces administrative inefficiencies, enhances productivity by up to 50%, and has saved health systems millions of dollars. In the past year, their Inpatient Capacity solution eliminated over 36,000 excess days, and their Surgical Growth solution generated $95 million in annualized contribution margin for 2024. The company also reported a 35% increase in robotic surgeries using its technology.
The investment will help Qventus accelerate the development of new AI solutions, increase team productivity, and expand its global reach. The company recently received a KLAS score of 92.5% and Frost & Sullivan's Best Practices Customer Value Leadership Award for its high ROI solutions.
KKR & Co (NYSE: KKR) has announced it will release its fourth quarter 2024 financial results on Thursday, February 6, 2025, before the NYSE opening. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results.
Investors can access the call by dialing (877) 407-0312 (U.S.) or +1 (201) 389-0899 (international). The call will also be broadcast live via the Investor Center section of KKR's website, with a replay available approximately one hour after the broadcast.
KKR operates as a global investment firm providing alternative asset management, capital markets, and insurance solutions through its sponsored investment funds in private equity, credit, and real assets. The firm's insurance operations are conducted through Global Atlantic Financial Group.
KKR and PSP Investments have agreed to acquire a 19.9% stake in American Electric Power's (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. The 50/50 strategic partnership aims to support AEP's modernization of infrastructure and enhance grid reliability across its service territories.
AEP, established in 1906, serves 5.6 million retail and wholesale customers across 11 states. Ohio, Indiana, and Michigan represent AEP's fastest-growing service areas, driven by strong American manufacturing and new load growth. The investment will support AEP's five-year capital plan to benefit customers, with AEP remaining the majority owner and operator of the transmission assets.
The transaction aligns with KKR's infrastructure business focus on energy transition and electrification opportunities, while marking a significant milestone in PSP Infrastructure's High Inflation Correlated Infrastructure strategy.
KKR announced an extension of its Second Tender Offer period for FUJI SOFT from January 9, 2025, to January 24, 2025. The tender offer price remains unchanged at 9,451 yen per common share. The extension aims to give shareholders more time to decide, considering recent market dynamics where FUJI SOFT's share price has remained above the tender offer price.
KKR emphasized its commitment to FUJI SOFT's privatization and stated it will not withdraw its offer. The firm questioned the feasibility of Bain Capital's competing tender offer, noting that Bain Capital's proposal changed to a 'hostile partial tender offer' targeting 49.89% ownership. KKR revealed that on December 27, 2024, FUJI SOFT's Founding Family, through Nomura Securities, proposed collaboration between the three parties (Founding Family, KKR, and Bain Capital) for FUJI SOFT's privatization.
KKR has extended its second tender offer period for FUJI SOFT from December 19, 2024, to January 9, 2025, maintaining the offer price at 9,451 yen per share. The extension aims to give shareholders more time for decision-making, as FUJI SOFT's market price has remained above the tender offer price following recent announcements involving Bain Capital.
FUJI SOFT's Board unanimously supports KKR's offer while opposing Bain Capital's competing bid. The Board cited concerns about Bain Capital's proposal, including potential shareholder deadlock risks and inferior pricing. Additionally, the Board noted Bain Capital's failure to comply with information destruction requests and its shift to a 'hostile partial tender offer' targeting 49.89% ownership.
KKR has released its 2025 Global Macro Outlook, maintaining a 'Glass Half Full' perspective for investors despite expectations of lower returns and increased volatility. The report, authored by Henry McVey, highlights several key factors supporting potential gains in 2025: stronger U.S. productivity, favorable technicals, robust nominal earnings growth, and lack of net issuance.
The outlook recommends investing in assets linked to nominal GDP, such as Infrastructure, Real Estate, and Asset-Based Finance. It identifies key mega-themes including improved capital efficiency, private sector market share gains, worker retraining, security initiatives, intra-Asia growth, retirement security, and AI/energy infrastructure investments.
The report emphasizes an asynchronous global recovery, with differing central bank policies across regions, and highlights the increasing importance of earnings growth over multiple expansion.
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