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.
A-Street Ventures announced its first strategic investment in Teaching Strategies, a leader in early childhood education tools, as part of KKR's acquisition of the company. The minority stake aims to enhance educational outcomes through innovative instructional materials. Teaching Strategies connects over 15 million children with resources aligned to improve learning experiences. A-Street plans to focus on various investment stages, targeting innovative K-12 solutions that promote social mobility through education.
KKR has announced a $40 million investment in Jet Edge International, a leader in private aviation. This follows KKR's earlier financing of $150 million this year. The investment aims to support Jet Edge's member program and expand its fleet, enhancing its technology and infrastructure.
Jet Edge is experiencing significant growth, reporting 1,800% year-on-year increase in new member acquisitions and over $100 million in membership deposits in the past year, reflecting strong demand in the private aviation market.
KKR & Co. Inc. (NYSE: KKR) announced that Eric Mogelof, Partner and Global Head of KKR’s Client & Partner Group, will present at the Barclays Global Financial Services Conference on September 14, 2021, at 10:30 AM ET. A live webcast will be available on the Investor Center section of KKR’s website, with a replay accessible shortly after the event for those unable to attend live. KKR is a leading global investment firm focusing on alternative asset management, with a disciplined approach to generate attractive investment returns.
KiotViet, a prominent platform for micro, small, and medium enterprises (MSMEs) in Vietnam, has secured US$45 million in Series B funding, spearheaded by KKR, a global investment firm. This investment aims to enhance KiotViet's offerings, including point-of-sale and inventory management services, to over 110,000 MSME customers. KiotViet serves a sector contributing to approximately 40% of Vietnam's economy and plans to expand its financial services. The funding emphasizes KKR's commitment to backing high-growth technology companies in Southeast Asia.
KKR has officially signed agreements to acquire Ritchies Transport Limited, a prominent transportation operator in New Zealand. This marks KKR's inaugural infrastructure investment in the country, aimed at enhancing local connectivity and supporting the growth of the public transport network. Founded in 1935, Ritchies operates over 1,600 vehicles nationwide. The Ritchie family will retain a stake in the company, with Andrew Ritchie stepping in as the new CEO following Glenn Ritchie's retirement.
The deal is pending customary approvals and completion is expected in four to five months.
KKR announced its first mezzanine loan investment through KKR Real Estate Select Trust Inc. (KREST) to refinance NEMA Chicago, an 800-unit luxury residential building. This property, built in 2019, features 76 stories and state-of-the-art amenities. The investment reflects KREST's strategy of targeting attractive yield through private real estate opportunities. With approximately $32 billion in real estate assets under management as of June 30, 2021, KKR continues to strengthen its position in the real estate market.
KKR has launched Strategic Lease Partners (SLP), a platform aimed at investing in a diversified portfolio of triple-net lease (NNN) real estate. The firm plans to acquire over $3 billion in assets, primarily from its credit and real estate funds. Veteran investors Andrés Dallal and Joseph Mastrocola will serve as Partners in SLP, focusing on sale-leaseback solutions for corporate tenants. The initiative aims to provide comprehensive real estate solutions, leveraging KKR's extensive capabilities in real estate, credit, and capital markets.
Azurity Pharmaceuticals will acquire Arbor Pharmaceuticals, backed by investors including KKR. The merger aims to create a stronger company focused on innovative products for underserved patient needs. The deal, pending regulatory approval, emphasizes both firms' combined legacy and diversified offerings in cardiovascular and central nervous system markets. Financial terms remain undisclosed. NovaQuest Private Equity expressed support, highlighting the vision for patient-centric solutions. The transaction is set to close in September, further enhancing Azurity's product portfolio.
KKR announced its latest KKR Relief Effort grants, awarding $10,000 each to 72 small business owners across 61 cities and committing over $4.7 million to 28 nonprofits globally. Since 2020, KKR has supported 231 small businesses and over $30 million to 110 nonprofits. With an additional $1.5 million pledge for 2022, KKR's total commitment to small businesses reaches $4 million. Notably, 69% of grant recipients are women-owned and 81% are minority-owned, with 74% stating the grant was vital for their business survival during the pandemic.
KKR has agreed to sell a 14.5 million square foot industrial portfolio to Oxford Properties for approximately $2.2 billion. The portfolio includes 149 distribution buildings across 12 major U.S. markets. This strategic move follows KKR's consolidation of high-barrier infill warehouses since 2018, reflecting significant growth in logistics driven by e-commerce. KKR will retain over 20 million square feet of industrial property post-sale. Oxford aims to expand its U.S. industrial operations through this acquisition, which aligns with its global investment strategy.
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