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KKR & Co. Inc. - KKR STOCK NEWS

Welcome to our dedicated page for KKR & Co. news (Ticker: KKR), a resource for investors and traders seeking the latest updates and insights on KKR & Co. stock.

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.

News

KKR Appoints Dane E. Holmes as Chief Administrative Officer

Rhea-AI Summary
KKR appoints Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. Mr. Holmes will oversee key functions including Human Capital, Communications, Marketing, Sustainability, and Citizenship teams. He joins from Eskalera Inc., an enterprise software company, and previously held global roles at Goldman Sachs. Mr. Holmes is praised for his business acumen and team leadership by KKR's Co-CEOs.
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Global Atlantic Announces $10 Billion Block Reinsurance Agreement with Manulife Across Both US and Japan Business

Rhea-AI Summary
Global Atlantic Financial Group (GAFG) has signed a $10 billion reinsurance agreement with Manulife Financial Corporation (MFC). This marks the third block transaction between the two companies and showcases Global Atlantic's ability to underwrite, structure, and execute on multiple liabilities across the global insurance market. The agreement will reinsure a seasoned and diversified block of Manulife’s life, annuity, and long-term care insurance business originated in the US and Japan. Global Atlantic will retain the underlying spread-based risks on a subset of the block that involves the LTC business. This deal further solidifies Global Atlantic's position as a reinsurer of choice in the annuity and life insurance marketplace.
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KKR Announces New Partners and Managing Directors

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KKR & Co. Inc. (KKR) has announced the promotion of 8 Partners and 33 Managing Directors, effective January 1, 2023. The Co-Chief Executive Officers, Joe Bae and Scott Nuttall, expressed pride in the promoted individuals, emphasizing their commitment to excellence and dedication to clients and portfolio companies.
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KKR, Hologic and Ajax Health Create New Platform to Accelerate Medical Device Innovation

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KKR and Hologic, Inc. (Nasdaq: HOLX) have announced the establishment of a new platform named Maverix Medical, focused on developing and acquiring innovative technologies and commercial operations within the lung cancer disease category. The platform will be managed by Ajax Health under the leadership of Duke Rohlen. KKR and Hologic, Inc. will contribute existing portfolio company Serpex Medical to the platform, which develops innovative steerable technology for lung tissue biopsy or therapy delivery. This strategic partnership aims to develop, advance, and bring to market differentiated devices and diagnostics for lung cancer patients, aligning with Hologic's leadership in diagnostic innovation and early cancer detection. KKR is investing in Maverix through its Health Care Strategic Growth strategy.
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KKR to Acquire Remaining 37% of Global Atlantic for $2.7 Billion in All-Cash Transaction

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KKR & Co. Inc. (NYSE: KKR) is acquiring the remaining 37% stake of Global Atlantic Financial Group LLC, increasing its ownership to 100%. The $2.7 billion cash transaction is expected to close in the first quarter of 2024. KKR also announced new strategic initiatives, including creating a new business segment, modifying its compensation structure, and introducing a new reporting framework.
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KKR Acquires Potter Global Technologies

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KKR Acquires Potter Global Technologies, Plans to Make All Employees Owners - PR
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KKR to Present at the Goldman Sachs 2023 US Financial Services Conference

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KKR & Co. Inc. (NYSE: KKR) to Present at Goldman Sachs 2023 US Financial Services Conference
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Global Atlantic closes $19 billion reinsurance agreement with MetLife

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Global Atlantic Financial Group (NYSE: MET) has closed a reinsurance agreement with MetLife, Inc., transferring general account assets for a seasoned and diversified block of MetLife’s U.S. retail annuity and life insurance business. The deal, signed in May, involves approximately $13 billion in assets and further solidifies Global Atlantic's position as a leading reinsurer in the annuity and life insurance marketplace. With a 20-year track record and over 25 clients, the company has reinsured more than $110 billion of assets since inception.
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KKR Releases “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime”

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KKR: New Report on Private Markets in Individual Investor Portfolios
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Chase Corporation Announces Completion of Acquisition by KKR and Welcomes Lance Reisman as Chairman of the Board of Directors

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Chase Corporation (CHSC) announces its acquisition by affiliates of KKR for $127.50 per share, resulting in the delisting of its common stock from the NYSE American. The acquisition aims to drive strategic growth and innovation, with KKR's commitment to employee engagement and a strong track record in the materials science space. Adam Chase, President and CEO, expresses optimism about the cultural fit with KKR, while Lance Reisman assumes the role of Chairman of the Board of Directors to support future growth and employee ownership initiatives.
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FAQ

What is the current stock price of KKR & Co. (KKR)?

The current stock price of KKR & Co. (KKR) is $160.03 as of November 27, 2024.

What is the market cap of KKR & Co. (KKR)?

The market cap of KKR & Co. (KKR) is approximately 143.5B.

What does KKR & Co. Inc. do?

KKR & Co. Inc. is a global investment firm managing investments across various asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds.

Who founded KKR & Co. Inc.?

KKR & Co. Inc. was founded in 1976 by Henry Kravis and George Roberts.

What are the main business segments of KKR?

KKR operates through two primary segments: Asset Management, which includes private and public markets, and Insurance, primarily through Global Atlantic Financial Group.

How much are KKR's total managed assets?

As of March 2023, KKR manages $577.6 billion in total assets.

What recent strategic partnerships has KKR announced?

KKR recently announced a strategic partnership with Capital Group to create hybrid public-private market investment solutions.

What recent acquisitions has KKR been involved in?

Gamma Biosciences, established by KKR, announced the $600 million cash acquisition of Mirus Bio by Merck KGaA.

Where can I find more information about KKR & Co. Inc.?

You can find more information on KKR's official website at www.kkr.com.

What is KKR’s approach to investments?

KKR follows a patient and disciplined investment approach, employing world-class talent and driving growth and value creation at the asset level.

How can I stay updated with KKR’s news?

You can follow KKR on Twitter at @kkr_co or visit their website for the latest updates.

What is the significance of KKR's partnership with Capital Group?

The partnership aims to provide innovative hybrid public-private market investment solutions, making alternative investments more accessible to a wider range of investors.

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KKR & Co. Inc.

NYSE:KKR

KKR Rankings

#89 Ranked by Market Cap
#2039 Ranked by Dividends

KKR Stock Data

143.51B
672.92M
24.01%
60.89%
1.29%
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