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.
SkinSpirit, a top U.S. provider of aesthetic skin and body care, has secured a minority investment from KKR to bolster its market presence and enhance talent development. Founded in 2003, SkinSpirit has expanded to 31 locations, tripling its clinics since 2018. The investment is part of KKR's Health Care Strategic Growth Fund II, aimed at high-growth health care firms. CEO Lynn Heublein emphasizes a people-first approach to service and growth. KKR sees long-term growth opportunities in the medical aesthetics sector, and GreyLion will remain a minority owner in the company.
KKR & Co. Inc. (NYSE: KKR) will release its financial results for Q3 2022 on November 1, 2022, before the market opens. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. ET, accessible via phone or live on KKR's Investor Center website. KKR is a global investment firm that focuses on alternative asset management, aiming for strong investment returns while supporting growth in its portfolio and communities.
Skydance Media has successfully completed a
KKR has entered into a definitive agreement to acquire the majority interest in Boasso Global, a provider of depot and logistics services for the ISO tank container industry, from Apax Partners LLP. The investment will be made through KKR's infrastructure fund focusing on North America and Europe. Boasso, headquartered in Tampa, operates 34 depots and has achieved significant growth under Apax's ownership. The financial terms were not disclosed, and the transaction is subject to regulatory approvals.
On October 5, 2022, NetSPI announced a $410 million investment from KKR, enhancing its growth and innovation in offensive cybersecurity. This funding, following a successful previous investment in May 2021, aims to support technology development, talent acquisition, and global expansion. NetSPI has demonstrated remarkable growth, achieving 61% revenue growth in 2022 and five-fold revenue increase over five years. Key initiatives include the introduction of Penetration Testing as a Service (PTaaS) and ongoing global expansion, positioning NetSPI as a leader in cybersecurity solutions.
KKR has released a new report titled “The Times They Are A-Changin,” by CIO Henry McVey, analyzing asset allocation strategies among endowment and foundation CIOs amid a changing macroeconomic environment. The report indicates that due to substantial asset growth, there is a pressing need for enhanced investment infrastructure and diversification. CIOs aim to boost illiquid investments to 55% of total assets, acknowledging the impact of ESG considerations and the importance of adapting to high inflation and low growth. Key sectors of focus include Real Assets, Private Credit, and technology-oriented investments.
KKR provided a monetization activity update for the period from
KKR and Hero Future Energies (HFE) have signed agreements for a $450 million investment aimed at expanding HFE's renewable energy capabilities in India. This funding will enhance HFE’s growth across technologies like solar, wind, and green hydrogen, contributing to India's goal of achieving net-zero emissions by 2070. HFE manages a diversified portfolio of 1.6 GW in renewable projects and aims to generate half of India's power from non-fossil sources by 2030. KKR's investment builds on its extensive experience in the renewable sector, having invested over $15 billion globally since 2011.
Securitize has launched a fund that tokenizes KKR’s Health Care Strategic Growth Fund II on the Avalanche blockchain, enhancing access to alternative investments for individual investors. This is the first time KKR’s private market strategies are available digitally in the U.S. The fund lowers investment minimums and promises improved investor onboarding and liquidity. KKR’s collaboration with Securitize signifies a progressive shift towards digital financial products, addressing challenges in private market investing. The fund complies with SEC regulations and focuses on innovative health care companies in North America and Europe.
KKR Income Opportunities Fund (NYSE: KIO) has made its Q2 2022 investor call available online, featuring insights from Tom Hobby and Richard Schoenfeld on market conditions and portfolio updates. The Fund aims for high current income and capital appreciation through diversified investments in secured and unsecured loans, as well as high-yield corporate debt. Investors are advised to review the Fund's objectives, risks, and expenses before investing. The Fund’s performance may fluctuate, and certain risks, including leverage, could affect returns.
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