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 a $400 million investment in Serentica Renewables, aimed at advancing energy transition for industrial sectors in India. This investment is significant, marking one of the largest industrial decarbonization initiatives in the country. Serentica plans to develop approximately 1,500 MW of renewable energy projects and aims for a total capacity of 5,000 MW, targeting over 16 billion units of clean energy annually. The investment aligns with India's ambitious renewable energy goals and is part of KKR’s broader strategy in the Asia Pacific renewables sector.
FS KKR Capital Corp. (NYSE: FSK) reported its financial results for Q3 2022, ending September 30. The firm announced a fourth quarter distribution of $0.68 per share, consisting of a base distribution of $0.61 and a supplemental distribution of $0.07. Net investment income increased to $0.76 per share from $0.71 in Q2, while adjusted net investment income rose to $0.73 from $0.67. Net asset value decreased to $25.30 from $26.41. The total fair value of investments was $15.8 billion, with a net debt to equity ratio of 119%.
CDPQ has provided EUR 485 million (approximately CAD 650 million) in acquisition financing to support KKR's friendly offer to acquire 100% of Albioma SA, a French renewable energy producer. This marks CDPQ's inaugural transaction under its $10-billion transition envelope aimed at decarbonizing high-emission sectors. Albioma operates over 1 GW of renewable capacity and is committed to ending coal use by 2025, with a goal of generating 100% of its electricity from renewable sources by 2030. The investment supports sustainable energy transition efforts.
KKR Real Estate Select Trust Inc. (KREST) has acquired two Class A multifamily properties totaling 1,380 units in separate transactions. One property is located in Downtown Brooklyn, featuring 365 rental units with modern amenities, while the other, situated on the border of West Philadelphia, consists of 1,015 units in five buildings. Both acquisitions align with KREST’s strategy to invest in high-growth, income-generating real estate.
These investments are expected to enhance KREST's portfolio by providing attractive cash yields through long-duration fixed-rate financing.
KKR & Co. Inc. (NYSE: KKR) released its third quarter 2022 financial results, available on its Investor Center website. A conference call to discuss these results occurred on November 1, 2022, at 10:00 a.m. ET. KKR is recognized as a leading global investment firm, specializing in alternative asset management and offering capital markets and insurance solutions. The firm aims to deliver attractive investment returns through disciplined investments and robust growth support for its portfolio companies.
KKR has successfully sold Minnesota Rubber and Plastics to Trelleborg Group, rewarding over 1,450 employees across six countries with substantial cash payouts due to an employee ownership plan initiated in 2018. Employees are receiving bonuses averaging over 12 months of salary, with longer-tenured staff earning up to double. Along with financial rewards, employees gain access to personal financial coaching and tax preparation services. This initiative aligns with KKR's ongoing commitment to employee ownership, benefiting over 45,000 workers since 2011.
KKR has signed definitive agreements to acquire 100% of Ness Digital Engineering from The Rohatyn Group. Founded in 1998 and based in Teaneck, New Jersey, Ness is recognized for its end-to-end digital transformation services. This acquisition aligns with KKR's strategy to boost its technology portfolio, enhancing Ness' capabilities in cloud engineering, data analytics, and experience design. The deal aims to facilitate Ness' growth and competitiveness in the digital economy, backed by KKR's global investment expertise.
KKR Income Opportunities Fund (NYSE: KIO) announced monthly distributions of
KKR and Mubadala Investment Company have entered into a strategic partnership to co-invest in private credit opportunities within the Asia Pacific (APAC) region. The partnership aims to deploy at least US$1 billion in long-term capital while supporting businesses facing challenges in accessing flexible financing. KKR recently raised the KKR Asia Credit Opportunities Fund, a US$1.1 billion credit investment vehicle. KKR has deployed nearly US$3 billion in credit capital in APAC since 2019, enhancing its credit platform and capabilities in the rapidly growing regional market.
KKR has announced a US$300 million investment for a 13.33% stake in Advanta Enterprises Limited, a UPL Limited subsidiary, enhancing its position in sustainable agriculture and global seed solutions. Advanta, active in 84 countries, offers over 900 hybrids and ranks highly in the Access to Seeds Index. KKR aims to support Advanta's growth amid global food security challenges and leverage its operational expertise in the agricultural sector. The investment emphasizes KKR's commitment to responsible investment and sustainability, aligning with the UN's Sustainable Development Goals.
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