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 and Loop Capital have announced a strategic alliance enabling Loop Capital to independently provide investment banking and equity research services to KKR’s equity capital markets clients. This partnership enhances KKR's capabilities in underwriter services for IPOs and broadens their distribution via Loop Capital’s institutional investors. KKR has collaborated with Loop Capital on ECM transactions since 2011, and Loop Capital has participated in 15 KKR capital markets transactions. The alliance aims to strengthen KKR's capital markets business while expanding access to client resources.
KKR announced the sale of Minnesota Rubber and Plastics (MRP) to Trelleborg Group for approximately US$950 million. Since KKR's acquisition in November 2018, MRP has enhanced its operations through significant investments, including a new innovation center and improved manufacturing processes. KKR's employee ownership model allowed MRP's over 1,450 employees to share in the company's success, receiving cash payouts upon closure of the deal. The transaction is expected to close by year-end 2022, contingent on regulatory approvals.
KKR & Co. Inc. released its second quarter 2022 results, now available on its Investor Center website. The company will hold a conference call on August 2, 2022, at 10:00 a.m. ET to discuss these financial outcomes, accessible via phone and live stream. KKR operates as a leading global investment firm, focusing on alternative asset management, capital markets, and insurance solutions. It aims for attractive returns through a disciplined investment approach and supports growth in its portfolio companies.
KKR Income Opportunities Fund (NYSE: KIO) has declared monthly distributions of
Global Atlantic Financial Group announced its recognition in Barron’s annual list of the Best Annuities, showcasing its ForeStructured Growth and ForeAccumulation II Advisory products. ForeStructured Growth, a registered index-linked annuity, is noted for its growth potential with limited risk, while ForeAccumulation II Advisory offers principal protection with potential higher returns. Both products are highlighted for meeting investor needs and are backed by Global Atlantic’s strong financial rating of A from A.M. Best.
KKR has acquired a majority stake in apexanalytix, a leader in supply chain risk management software. Carousel Capital maintains a significant minority stake. apexanalytix serves over 250 Fortune 500 companies, safeguarding more than $8 trillion in annual spend and recovering over $8 billion annually for its clients. KKR aims to leverage its global presence and technical expertise to enhance apex’s service capabilities. Financial terms were not disclosed. The partnership is anticipated to accelerate growth and improve supply chain management solutions for enterprise organizations.
Global Atlantic Financial Group has appointed Neir Jhawar as Chief Operating Officer for Institutional Markets and Alireza Vaseghi as Head of Asia & Global Head of Strategic Clients. These hires support the growth of the institutional business and expansion into Asia. Jhawar, previously at Credit Suisse, brings extensive experience to enhance operational focus, while Vaseghi will develop strategies for Asia's institutional market. The company has reinsured approximately $75 billion in assets since 2004, emphasizing its success in reinsurance solutions.
KKR & Co. Inc. (NYSE: KKR) has announced that it will release its financial results for the second quarter of 2022 on August 2, 2022, prior to the opening of trading on the New York Stock Exchange. A conference call to discuss the results will take place on the same day at 10:00 a.m. ET. Interested parties can access the call at (877) 407-0312 for U.S. callers or +1 (201) 389-0899 for international callers. Additionally, the call will be streamed live via KKR's Investor Center website.
KKR has announced the acquisition of Atlantic Yards, a premier Class A office property in Midtown Atlanta, from Hines and Invesco Real Estate. This two-building asset spans 523,511 square feet and is fully leased to Microsoft Corp. through 2035, reinforcing its strategic importance in the Atlanta market. The property, designed for high-tech usage, is part of a larger sustainable development called Atlantic Station. KKR's investment aims to leverage the area's growth as a tech hub, providing long-term, yield-oriented exposure for its insurance capital.
Internet Brands has completed a recapitalization with KKR, Temasek, and Warburg Pincus, valuing the company at over $12 billion. KKR remains the majority investor as Internet Brands has grown eightfold since 2014. CEO Bob Brisco expressed optimism about future growth and strategic opportunities in their vertical markets, including Consumer Health and Legal sectors. Warburg Pincus joins as a new investor, bringing additional expertise and resources to aid in the company's next growth phase.
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