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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 Expands Focus on Climate Investing with Key Appointments to Global Infrastructure Team

Rhea-AI Summary
KKR has announced that Charlie Gailliot has joined the firm as a co-head for the firm’s global climate strategy. Gailliot will join Emmanuel Lagarrigue and Neil Arora to form a dedicated climate leadership team focused on deploying and scaling net-zero solutions. KKR has committed over $40 billion to sustainability-focused investments, including $30+ billion to climate and environmental sustainability investments since 2010.
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TPG Rise Climate Forms Strategic Partnership with KKR as New Majority Shareholder in A-Gas

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A-Gas, the global leader in the supply and lifecycle management of refrigerant gases, is selling a majority stake in the company to TPG Rise Climate. KKR will remain a minority shareholder. The transaction is expected to be completed by the end of 2023. A-Gas has a long history of capturing and reusing refrigerant gas, preventing harmful emissions. The company's technology abated approximately 8 million metric tonnes of CO2e in 2022. Since KKR's acquisition in 2017, A-Gas has grown revenue by 14% and EBITDA by 18% annually.
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KKR Acquires $373 Million Portfolio of Prime Auto Loans

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KKR has purchased a $373 million portfolio of prime auto loans from Synovus Bank. The investment aligns with KKR's asset-based finance strategy and brings their ABF assets under management to approximately $42 billion.
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FS KKR Capital Corp. Announces Second Quarter 2023 Results

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FS KKR Capital Corp. (NYSE: FSK) has declared a third quarter 2023 distribution of $0.70 per share, with a total third quarter distribution of $0.75 per share, including a special distribution. The company reported net investment income of $0.82 per share, net asset value of $24.69 per share, and a total net realized and unrealized loss of $0.31 per share for the quarter ended June 30, 2023.
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KKR to Acquire Simon & Schuster from Paramount Global for $1.62 Billion

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Paramount Global and KKR have announced a definitive agreement for KKR to acquire Simon & Schuster for $1.62 billion. The acquisition will give Paramount additional financial flexibility and position Simon & Schuster for future growth. After the transaction, Simon & Schuster will become a standalone private company and continue to be led by its current executives. KKR plans to invest in various growth initiatives and establish Simon & Schuster as one of the world's best-known publishers and distributors.
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KKR & Co. Inc. Reports Second Quarter 2023 Results

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KKR & Co. Inc. (NYSE: KKR) has reported its second quarter 2023 results, available on their Investor Center section. A conference call to discuss the financial results will be held on August 7, 2023 at 10:00 a.m. ET and can be accessed via phone or live broadcast on their website.
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KKR Acquires Majority Stake in Leading Pallet Pooling Platform LEAP India

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KKR to acquire majority stake in LEAP India, a leading pallet pooling platform. LEAP provides innovative supply chain solutions across various industries in India. The investment aligns with India's focus on modernizing supply chains and sustainable logistics.
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KKR Expands West Coast Presence With New Office In Los Angeles

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KKR expands West Coast operations with new office in Los Angeles
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KKR Completes Acquisition of Industrial Physics, Welcomes Barry Lyon as Chief Executive Officer and Lance Reisman as Chairman

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KKR completes acquisition of Industrial Physics, appoints new CEO and Chairman of the Board
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H.I.G. Capital Signs Definitive Agreement to Acquire RBmedia

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H.I.G. Capital to Acquire RBmedia, a Leading Audiobook Publisher, from KKR - The world’s leading publisher in audiobooks and spoken content, RBmedia, is set to be acquired by H.I.G. Capital from KKR. The acquisition will allow RBmedia to capitalize on the rapid growth of the audiobook industry and expand its reach in the digital storytelling market.
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FAQ

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

The current stock price of KKR & Co. (KKR) is $161.27 as of November 26, 2024.

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

The market cap of KKR & Co. (KKR) is approximately 142.1B.

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.

Stock KKR logo
KKR & Co. Inc.

NYSE:KKR

KKR Rankings

#89 Ranked by Market Cap
#2035 Ranked by Dividends

KKR Stock Data

142.12B
672.92M
24.01%
60.89%
1.29%
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