KKR & Co. Inc. - KKR STOCK NEWS

KKR has acquired Merchants Mortgage Trust & Corporation (MMTC), specializing in short-term mortgage products for residential real estate investors. This investment, made through KKR's private credit funds, supports MMTC's growth and geographic expansion, enhancing its financing capabilities. MMTC, which originated over $500 million in loans in 2021, will retain its current management. The financial terms of the deal were not disclosed, but KKR aims to strengthen its Asset-Based Finance strategy by investing in MMTC's lending activities across growing U.S. markets.

Jet Edge International has raised $75 million in new funding from KKR, bringing total investments to approximately $265 million over the past year. This funding will be utilized to expand Jet Edge's fleet, which includes 20 new Gulfstream and Challenger aircraft set for delivery in the first half of 2022. Jet Edge has experienced a remarkable 1,800% year-on-year growth in new member acquisitions, bolstering its Reserve Membership program. KKR's continued investment underscores its confidence in Jet Edge's growth strategy and operations.

KKR Real Estate Select Trust Inc. has acquired over 1.9 million square feet of prime warehouse assets in the U.S., expanding its logistics real estate portfolio to approximately six million square feet. The new properties include a one million square foot warehouse in Charleston and a 923,000 square foot industrial park in Chicago, both fully leased. KKR emphasizes that investing in high-quality logistics properties aligns with their income-oriented strategy, leveraging their extensive experience in the sector.

KKR & Co. announced the appointment of Ryan Stork as Partner and Chief Operating Officer (COO). Having over 20 years of experience at BlackRock, where he was Deputy COO and led various teams, Stork's role aims to enhance operational functions to support KKR's global investment strategies. Joe Bae and Scott Nuttall, Co-CEOs, emphasized the importance of Stork’s leadership in driving the firm's strategic priorities. Stork expressed excitement about joining KKR during this transformative period.

KKR has successfully closed its KKR Health Care Strategic Growth Fund II, raising $4.0 billion to invest in health care growth equity opportunities in North America and Europe. This successor fund is nearly three times the size of its predecessor, which closed at $1.45 billion in November 2017. KKR aims to generate strong returns by partnering with innovative health care companies across sectors like biopharmaceuticals, medical devices, and health care IT. The firm has invested around $18 billion in the health care sector since 2004.

KKR & Co. Inc. (NYSE: KKR) has appointed Matthew Cohler to its Board of Directors, effective December 31, 2021. This new appointment increases the number of independent directors to twelve out of sixteen Board seats. Cohler, a former General Partner at Benchmark, brings extensive experience in early-stage investments in Internet and software startups. KKR continues to focus on generating attractive investment returns through its disciplined investment approach while enhancing leadership diversity on its Board.

KKR, Ontario Teachers’ Pension Plan Board, and PSP Investments have completed the acquisition of Spark Infrastructure in an all-cash transaction totaling approximately A$5.2 billion. The Consortium has obtained all necessary regulatory approvals. Spark Infrastructure invests in essential energy infrastructure in Australia, serving over 5 million customers and supporting the country's transition to renewable energy. Its portfolio includes stakes in SA Power Networks, Victoria Power Networks, TransGrid, and Bomen Solar Farm, which positions it well for future growth and reliability in electricity supply.

KKR has reported a record quarterly monetization activity, achieving over $1.15 billion in total realized performance income for the period from October 1, 2021 to December 21, 2021. This amount is composed of approximately 50% gross realized carried interest, 30% realized incentive fees, and 20% realized investment income. The growth is driven by strategic sales and dividend income, although future results remain uncertain as the figures do not account for other income sources or expenses.

Global music company BMG and investment firm KKR have acquired the entire music interests of iconic American rock band ZZ Top. This acquisition encompasses the band's publishing catalogue and royalties from recorded and performance income. The partnership aims to enhance the legacy of ZZ Top and maximize the value of their catalogue. This transaction follows a prior collaboration between BMG and KKR announced in March 2021, emphasizing their commitment to the growing music IP market.