KKR & Co. Inc. - KKR STOCK NEWS

KKR reported a significant monetization activity update for the period from January 1, 2022 to March 24, 2022, earning over $850 million in gross realized carried interest and investment income. Approximately two-thirds of this total came from carried interest, with the remainder from investment income. This positive financial performance is attributed to strategic and secondary sale transactions as well as dividend and interest income. However, KKR cautioned that these figures do not predict full quarter revenues or represent total income.

KKR has expanded its self-storage real estate portfolio with the acquisition of three Class A properties in Denver and Nashville, adding over 2,000 units. The purchases were made through KKR Real Estate Partners Americas III, enhancing KKR's presence in fast-growing metropolitan areas. The properties were built between 2017 and 2018, aligning with KKR's strategy to focus on high-quality assets in growth markets. Since 2011, KKR has raised approximately $41 billion in real estate assets under management, emphasizing its commitment to expanding its real estate division.

A recent study from Global Atlantic Financial Group reveals mixed sentiments among retirees aged 55 to 70 regarding the economy in 2022. The survey shows that 41% are optimistic, while 40% are pessimistic. A striking 87% have faced 'sticker shock' with rising costs. Concerns about low interest rates and inflation dominate, with 71% fearing negative impacts on their retirement assets. Annuity owners feel more secure, with 62% confident their savings will last. Additionally, 61% express interest in climate-conscious investments.

KKR has finalized its investment in Biosynth Carbosynth, which has acquired vivitide, enhancing its life sciences platform. The deal involves Ampersand Capital Partners, which will maintain its stake as a minority shareholder. This strategic acquisition aims to accelerate geographic expansion, broaden product offerings, and solidify KKR's position within high-growth biopharma and diagnostics markets. KKR's involvement is through its $4 billion Health Care Strategic Growth Fund II, aimed at scaling innovative healthcare companies.

KKR has signed a strategic agreement to acquire all outstanding shares of Mitsubishi Corp.-UBS Realty Inc. (MC-UBSR) for JPY230 billion (US$2 billion), enhancing its presence in Japan's real estate market. This acquisition increases KKR's global real estate assets from US$41 billion to US$55 billion and aligns its interests with Japanese listed REITs managed by MC-UBSR. The transaction builds on MC-UBSR's significant experience and track record, with anticipated completion in April 2022, pending regulatory approvals.

KKR has appointed Chano Fernandez, co-CEO at Workday, as a Senior Advisor to its global technology team. Mr. Fernandez will focus on investment activities in the enterprise application software segment across Europe and North America. He brings over 20 years of experience in the technology sector, emphasizing cloud and SaaS solutions. His role involves identifying new opportunities and advising KKR's portfolio companies on operational and growth strategies. This strategic appointment reinforces KKR’s leadership in technology investing.

Gamma Biosciences, formed by KKR, has appointed Kieran P. Murphy as Executive Chairman to enhance its leadership in advanced therapy manufacturing. Mr. Murphy, with significant experience from GE Healthcare, will guide Gamma as it develops its technology portfolio for cell and gene therapy, protein biologics, and vaccines. His expertise aims to address challenges in the growing market for next-generation therapies. The appointment is effective March 16, 2022, signaling a strategic move to accelerate Gamma's growth and innovation in the bioprocessing industry.

KKR has announced the final closing of its $17 billion KKR Global Infrastructure Investors IV fund, targeting investment opportunities primarily in OECD countries, particularly in North America and Western Europe. This fund comes amid a rising demand for private infrastructure investment across sectors such as digital communications and energy transition. KKR is contributing $1 billion in capital alongside a diverse group of global investors. The firm aims to leverage its experience and strategy to achieve attractive risk-adjusted returns while managing significant growth in the infrastructure sector.

KKR has appointed Lindsey Wright as Managing Director and Head of Investment Services for its real estate credit business in the United States. In this newly created role, she will develop a services platform focused on asset management, loan origination, and risk management. With over three decades of experience, including her recent role at Greystone, Wright aims to enhance KKR's capabilities as the firm’s real estate credit business grows to approximately $25 billion in assets under management. KKR's global real estate franchise manages about $159 billion in real estate assets.