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.
Global Atlantic Financial Group has appointed Peggy Poon as Treasurer to enhance its capital markets presence. Since joining in 2020, she has been pivotal in funding strategies and successfully led the company into the funding agreement-backed notes market, raising over $5 billion. Philip Sherrill, Chief Strategy Officer, emphasized her leadership and value creation for stakeholders. Prior to this role, Poon was a Director at S&P Global Ratings.
Global Atlantic is a prominent player in the U.S. annuity and life insurance sector and is majority-owned by KKR.
KKR has completed the acquisition of Mitsubishi Corp.-UBS Realty Inc., now rebranded as KJR Management. This strategic move strengthens KKR's commitment to Japan and increases its global real estate assets under management to US$54 billion. The acquisition includes all shares of MC-UBSR and interests in two managed funds, Japan Metropolitan Fund Investment Corporation and Industrial & Infrastructure Fund Investment Corporation. The existing team of approximately 160 professionals will continue to operate under the new management.
KKR announced a tender offer for Hitachi Transport System Ltd. (TSE: 9086) via HTSK Co., Ltd., KKR's owned entity. The offer aims to acquire HTS's shares at JPY 8,913 each, representing a significant premium of over 166% based on prior market prices. Following the tender offer, HTS plans to buy back Hitachi's 39.91% shares, post which Hitachi will reinvest to own 10% of HTSK Holdings, with KKR retaining 90%. This strategy supports HTS's growth and digital transformation, aligning with its vision to lead the 3PL market in Asia.
KKR has launched Aster Renewable Energy, a platform focused on developing solar, wind, and energy storage projects in Taiwan and Vietnam. Aster will be headed by Chen Wei, a veteran in the renewables sector, with the aim to expand into other Asian markets. KKR's global investment in renewable assets has reached approximately
KKR Income Opportunities Fund (NYSE: KIO) announced monthly distributions of
KKR has announced the final closing of its North America Fund XIII (NAX3), raising an impressive $19 billion for private equity investments in North America. KKR will invest $2 billion from its balance sheet alongside investor commitments. This fund marks KKR's largest to date, building upon a successful track record with prior funds delivering average gross IRRs of 30.1% and 50.1% for its last fund. NAX3 reflects strong investor confidence, targeting a shared ownership program to enhance employee engagement.
KKR and Ontario Teachers’ Pension Plan Board announced a partnership, with Ontario Teachers’ set to invest up to
KKR & Co. Inc. (NYSE: KKR) announced plans to release its financial results for the first quarter of 2022 on May 3, 2022, prior to the opening of trading on the NYSE. A conference call will follow the announcement at 10:00 a.m. ET, accessible by phone and via internet live stream. KKR, a leading global investment firm, focuses on alternative asset management and capital markets solutions, aiming to generate attractive investment returns through a disciplined investment approach.
KKR announced the acquisition of Twenty Anson, a prime-grade office building in Singapore's central business district, marking its first real estate office investment in the region. The 206,163-square-foot property is recognized for its strong ESG credentials and strategic location amid new developments. KKR aims to capitalize on Singapore's recovery and long-term growth in office real estate, driven by favorable macroeconomic conditions and government policies. This investment aligns with KKR’s Asia Pacific real estate strategy and underscores confidence in sustainable urban development.
A recent survey by Global Atlantic Financial Group highlighted concerns among retirement-age investors regarding low interest rates and rising inflation, with 61% believing these factors make it challenging to secure a lasting retirement income. While 96% prioritize guaranteed income, only 24% currently use annuities. Moreover, annuity holders are more optimistic about their financial future, with 62% confident their savings will last a lifetime, compared to 48% of non-holders. This underscores an opportunity for financial professionals to educate clients about annuities and enhance retirement strategies.
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