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 Manu Sareen as Co-President, effective immediately, alongside Rob Arena. Mr. Sareen, who will continue to lead the Institutional Markets business, brings a successful track record to the role, having executed over $20 billion in transactions in the past year and expanded operations into Asia. The move aims to reinforce the strategic importance of both Institutional and Individual Markets within the company. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm.
KKR has announced the promotion of 18 individuals to Partner and 42 to Managing Director, effective January 1, 2022. This move recognizes their contributions and commitment to the firm's culture and mission. Co-CEOs Joe Bae and Scott Nuttall praised the promoted leaders for their roles in supporting clients and portfolio companies. The promotions span various sectors, including Private Equity, Credit & Markets, and Infrastructure, highlighting KKR's focus on growth and leadership development.
KKR & Co. Inc. (NYSE: KKR) has priced an offering of $750 million of its 3.250% Senior Notes due 2051. The notes will be fully guaranteed by KKR and its indirect subsidiary, KKR Group Finance Co. X LLC. Proceeds from the notes issuance will be utilized for general corporate purposes. The offering is directed at qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption.
KKR has appointed Mukul Chawla as Partner and Head of Growth Equity in Asia Pacific, effective December 9, 2021. Chawla will spearhead KKR’s investment strategy into high-growth sectors, enhancing its regional footprint in technology, healthcare, and fintech. His previous experience includes a notable tenure at Temasek, where he oversaw significant investments in companies like Airbnb and Xiaomi. Concurrently, Lucian Schönefelder transitions to KKR Advisor, focusing on next-generation technology strategies within the Asia-Pacific region.
ReliaQuest announced a new funding round led by existing investor KKR, alongside Ten Eleven Ventures and FTV Capital, aimed at accelerating global expansion and development of the GreyMatter Open XDR platform. This follows a previous $300 million growth equity round in 2020. Key achievements include surpassing $100M in annual recurring revenue and doubling new customers year-over-year. The investment will enhance the technological capabilities of the GreyMatter platform, solidifying its market leadership.
KKR has acquired a 197,000-square-foot industrial warehouse named Vista Commerce in Vista, California, from Westcore. The property is fully leased to a publicly listed healthcare diagnostic testing company and features significant infrastructure including 14 dock-high doors and a 27-foot clear height. This acquisition, part of KKR's strategy to expand its industrial real estate portfolio in Southern California, was facilitated through its KKR Real Estate Partners Americas III fund. The transaction signifies KKR's commitment to strategic and high-quality real estate investments.
KKR announced new grants through its KKR Relief Effort, providing $10,000 each to 47 small business owners across 25 states. Additionally, KKR committed over $3.2 million to 27 nonprofits in the US, UK, and France. A $50,000 grant will support the NYC Partnership Foundation, aimed at bolstering small businesses in New York. Since the initiative’s inception, KKR has provided $33 million in funding to 137 nonprofits and supported 305 small businesses during the pandemic. Notably, 79% of the recent grant recipients are minority-owned.
KKR, a global investment firm, has announced its acquisition of a minority stake in Taylor’s Schools, a leading Southeast Asian private educator. This investment aims to accelerate Taylor’s growth and expansion across the ASEAN region. Taylor's Schools operates six international schools and is part of the larger Taylor's Education Group, which includes various educational institutions in Malaysia, Singapore, and Vietnam. The partnership is set to enhance Taylor’s operational capabilities and educational offerings while maintaining its current management structure.
KKR & Co. announced that Co-CEO Scott C. Nuttall will present at the Goldman Sachs US Financial Services Conference on December 8, 2021, at 8:00 AM ET. A live webcast can be accessed via KKR’s Investor Center, with a replay available after the event. KKR is a global investment firm focused on alternative asset management, aiming for strong investment returns through a disciplined approach. For investor inquiries, contact KKR’s Investor Relations.
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