KKR & Co. Inc. - KKR STOCK NEWS

eRESI Capital has secured additional investment from KKR insurance accounts, building on their initial 2021 investment. The company, founded in 2019, has provided over $10 billion in residential whole loan funding through its mortgage funding platform. The new capital will support eRESI's expansion of funding capabilities and operational capacity to increase market share. KKR's High-Grade Asset-Based Finance strategy, which manages approximately $66 billion in assets globally, focuses on investment grade financings and whole loan purchases.

KKR has appointed Georgia Rankin as Executive Advisor to work with its European Private Equity team. Rankin, former Managing Director and Co-Head of Global Private Equity Practice at Russell Reynolds, brings over 20 years of executive search and leadership advisory experience. She will focus on building relationships with CEOs and senior executives, strengthening KKR's position as a strategic partner, and supporting value creation across its European portfolio. The appointment aims to enhance portfolio companies' access to top talent and promote diverse leadership teams. KKR's European operations include over 100 professionals across nine offices, representing 15+ nationalities.

KKR and Energy Capital Partners (ECP) have announced a $50 billion strategic partnership to accelerate the development of data center and power infrastructure for AI and cloud computing expansion. The collaboration combines KKR's digital infrastructure expertise with ECP's energy transition platform. U.S. data center demand is projected to nearly triple by 2030, requiring over $1 trillion in investment. A single planned data center campus requires about 1 gigawatt of power and $15 billion investment. The partnership has an 8 GW existing datacenter pipeline and 100 GW of operating and development-ready power generation capacity.

Capital Group and KKR have filed registration statements with the SEC for two public-private fixed income funds: Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+. The funds are expected to launch in the U.S. in the first half of 2025, pending regulatory approval. This initiative marks their exclusive strategic partnership to create hybrid public-private investment solutions for individual investors through financial professionals.

The partnership combines Capital Group's public market capabilities ($555B in public fixed income assets) with KKR's private markets expertise ($100B in private credit assets). The platform aims to make private markets more accessible to a broader client base, including select institutional investors.

Resolian, a global bioanalytical and analytical sciences partner, announced key leadership changes. Rob Stachlewitz joins as CEO, while current CEO Pat Bennett transitions to Chief Business Officer and President of Scientific Affairs. Honggang Bi has been appointed Chairman of the Board. The company, backed by Ampersand Capital Partners and KKR, has expanded globally through acquisitions including Alliance Pharma, Drug Development Solutions, and Denali MedPharm, establishing operations across four continents. The reorganization aims to support growing client needs and enhance global operations.

Global Atlantic Financial Group and the Bermuda Economic Development (BEDC) announced eight finalists for the Wave of Opportunity Pitch Competition, scheduled for November 21st at Hamilton Princess Hotel. From 65 initial applications, eight entrepreneurs will compete for five $25,000 prizes. The competition includes three youth finalists (The Playroom, Navigate, and Flow by Nico) and five adult finalists (PsyNeu, Sweat Suites Studio, NBK School of Nails, Bermuda Sports Radar, and Sade Milan Skin). The $125,000 small business accelerator grant program aims to strengthen Bermuda's business landscape and stimulate the local economy.

KKR has announced its third quarter 2024 financial results, which are available in the Investor Center section of their website. The company will host a conference call on Thursday, October 24, 2024, at 10:00 a.m. ET to discuss the results. KKR operates as a global investment firm providing alternative asset management, capital markets, and insurance solutions through its sponsored funds and insurance subsidiaries under Global Atlantic Financial Group.

KKR has signed an agreement to acquire a 25% stake in Enilive, Eni's mobility transformation company focused on biorefining, biomethane production, and smart mobility solutions. Enilive aims to provide progressively decarbonized services and products, supporting sustainable mobility transformation and contributing to Eni's carbon neutrality goal by 2050. The investment will be made through KKR's Global Infrastructure Strategy, which manages over $73 billion in infrastructure assets. The transaction's closing is subject to regulatory approvals.

KKR, a leading global investment firm, has acquired a portfolio of four Class A industrial warehouses in Central Florida. The properties, totaling approximately 1.2 million square-feet, are strategically located at the intersection of Interstate 4 and U.S. Route 27 in southwest Orlando. These assets are 100% leased to five high-quality tenants, including investment grade public companies and regional market leaders.

The acquisition was made through KKR's Real Estate Partners Americas III fund and brings KKR's total warehouse acquisitions in the U.S. to nearly eight million SF since the start of the year. Ben Brudney, a Managing Director in KKR's Real Estate group, highlighted the strong demand drivers and new supply in prime transit-adjacent distribution locations in southwest Orlando.

KKR's global real estate business manages $75 billion in assets as of June 30, 2024, with approximately 150 dedicated professionals across 16 offices.