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.
KKR has announced its agreement to acquire Clinisupplies, a UK leader in continence care products, from Healthium. The transaction aims to bolster Clinisupplies' growth and expand its chronic care portfolio. Financial details remain undisclosed, but Clinisupplies will retain a minority stake. KKR plans to leverage its substantial resources, including the expertise of new board members like Claus Bjerre and Douglas Le Fort, to catalyze Clinisupplies' product and geographic expansion. This investment is part of KKR's $4 billion Health Care Strategic Growth Fund II.
KKR Income Opportunities Fund (NYSE: KIO) has made the Q3 2022 investor call available on its website, hosted by Tom Hobby and Jeremiah Lane. The Fund, a diversified closed-end management investment company, aims for high current income and capital appreciation through investments in secured loans and high yield corporate debt. Investors are advised to review the Fund's investment objectives, risks, and expenses before investing, as market conditions can affect returns. The press release includes forward-looking statements about the Fund's performance and investment risks.
On January 1, 2023, KKR promoted 27 individuals to Managing Director, recognizing their hard work and contributions to the firm. Co-CEOs Joe Bae and Scott Nuttall emphasized the importance of these leaders in exemplifying KKR's culture and values. The promotions span various sectors, including Real Estate, Private Equity, and Credit & Markets, with individuals located in major global cities such as New York, London, and Sydney. This strategic move aims to bolster KKR's operational and investment expertise, further enhancing its value to clients and stakeholders.
KKR announced the conclusion of its cash tender offer for Hitachi Transport System (HTS) shares, with approximately 51.11% of shares tendered. The settlement will start on December 6, 2022. KKR's special purpose entity will not only acquire these shares but also implement a squeeze-out process to own 100% of HTS. The company, a significant player in Japan's third-party logistics sector, will be renamed LOGISTEED, Ltd. on April 1, 2023. This strategic move aims to enhance HTS's market position in Asia, leveraging KKR's global expertise.
Global Atlantic Financial Group announced that Paula Nelson, Managing Director, Head of Strategic Growth, Individual Markets, has joined the newly established Annuity Advisory Board formed by LIMRA and LOMA. The board aims to address the evolving demands of the U.S. annuity market, projected to achieve record sales in 2022. Nelson expressed her commitment to enhancing understanding of annuities and representing member companies. Global Atlantic, a subsidiary of KKR, leverages KKR's investment expertise to strengthen its financial solutions.
KKR & Co. Inc. (NYSE: KKR) has announced that Co-CEO Joseph Y. Bae will speak at the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 8:40 AM ET. The presentation will be accessible through a live webcast on KKR’s Investor Center website. Following the event, a replay will also be available. KKR specializes in alternative asset management, capital markets, and insurance solutions, aiming to deliver attractive investment returns.
KKR will lead a US$68 million Series B funding round for Advanced Navigation, boosting its total capital raised to over US$85 million. The funding aims to enhance R&D in AI robotics and navigation, expanding the company's global reach. This investment reflects KKR's strategy in the Asia Pacific region and underscores Advanced Navigation's position in the robotics sector, servicing major clients like Google and Boeing. Key figures from KKR will join Advanced Navigation's board to support this growth.
Global Atlantic Financial Group has appointed Jamie Kosharek as Head of Independent Channel Distribution. Kosharek will lead the company's independent annuity and life distribution efforts, focusing on enhancing relationships with Independent Marketing Organizations (IMOs), Financial Marketing Organizations (FMOs), and Broker-Dealer Groups (BGAs). This strategic move aims to elevate Global Atlantic's position in a rapidly growing market segment, furthering its growth strategy to rank among the top five carriers in this sector. Kosharek previously held leadership roles at Raymond James.
KKR has signed definitive agreements to lead a $48 million Series C funding round for Privy, a digital trust provider in Indonesia. The investment, which sees participation from existing and new investors, aims to enhance Privy's offerings in digital signatures and identity services, supporting Indonesia's digital transformation. The country’s digital economy is projected to grow to $146 billion by 2025. Privy currently serves over 30 million users and processes 40 million digital signatures annually, positioning it for further growth and international expansion.
Global Infrastructure Partners and KKR have partnered with Vodafone to co-control its 81.7% stake in Vantage Towers, launching a takeover offer for the remaining 18.3% at
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