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.
Capital Group and KKR have filed registration statements with the SEC for two public-private fixed income funds: Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+. The funds are expected to launch in the U.S. in the first half of 2025, pending regulatory approval. This initiative marks their exclusive strategic partnership to create hybrid public-private investment solutions for individual investors through financial professionals.
The partnership combines Capital Group's public market capabilities ($555B in public fixed income assets) with KKR's private markets expertise ($100B in private credit assets). The platform aims to make private markets more accessible to a broader client base, including select institutional investors.
Resolian, a global bioanalytical and analytical sciences partner, announced key leadership changes. Rob Stachlewitz joins as CEO, while current CEO Pat Bennett transitions to Chief Business Officer and President of Scientific Affairs. Honggang Bi has been appointed Chairman of the Board. The company, backed by Ampersand Capital Partners and KKR, has expanded globally through acquisitions including Alliance Pharma, Drug Development Solutions, and Denali MedPharm, establishing operations across four continents. The reorganization aims to support growing client needs and enhance global operations.
Global Atlantic Financial Group and the Bermuda Economic Development (BEDC) announced eight finalists for the Wave of Opportunity Pitch Competition, scheduled for November 21st at Hamilton Princess Hotel. From 65 initial applications, eight entrepreneurs will compete for five $25,000 prizes. The competition includes three youth finalists (The Playroom, Navigate, and Flow by Nico) and five adult finalists (PsyNeu, Sweat Suites Studio, NBK School of Nails, Bermuda Sports Radar, and Sade Milan Skin). The $125,000 small business accelerator grant program aims to strengthen Bermuda's business landscape and stimulate the local economy.
KKR has announced its third quarter 2024 financial results, which are available in the Investor Center section of their website. The company will host a conference call on Thursday, October 24, 2024, at 10:00 a.m. ET to discuss the results. KKR operates as a global investment firm providing alternative asset management, capital markets, and insurance solutions through its sponsored funds and insurance subsidiaries under Global Atlantic Financial Group.
KKR has signed an agreement to acquire a 25% stake in Enilive, Eni's mobility transformation company focused on biorefining, biomethane production, and smart mobility solutions. Enilive aims to provide progressively decarbonized services and products, supporting sustainable mobility transformation and contributing to Eni's carbon neutrality goal by 2050. The investment will be made through KKR's Global Infrastructure Strategy, which manages over $73 billion in infrastructure assets. The transaction's closing is subject to regulatory approvals.
KKR, a leading global investment firm, has acquired a portfolio of four Class A industrial warehouses in Central Florida. The properties, totaling approximately 1.2 million square-feet, are strategically located at the intersection of Interstate 4 and U.S. Route 27 in southwest Orlando. These assets are 100% leased to five high-quality tenants, including investment grade public companies and regional market leaders.
The acquisition was made through KKR's Real Estate Partners Americas III fund and brings KKR's total warehouse acquisitions in the U.S. to nearly eight million SF since the start of the year. Ben Brudney, a Managing Director in KKR's Real Estate group, highlighted the strong demand drivers and new supply in prime transit-adjacent distribution locations in southwest Orlando.
KKR's global real estate business manages $75 billion in assets as of June 30, 2024, with approximately 150 dedicated professionals across 16 offices.
KKR & Co. Inc. (NYSE: KKR) has announced plans to release its financial results for the third quarter 2024 on Thursday, October 24, 2024, before the opening of trading on the New York Stock Exchange. A conference call to discuss the results will be held on the same day at 10:00 a.m. ET. Investors can access the call by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers). The call will also be broadcast live on KKR's website, with a replay available afterwards.
KKR is a global investment firm offering alternative asset management, capital markets, and insurance solutions. It sponsors investment funds in private equity, credit, and real assets, and has strategic partners managing hedge funds. KKR's insurance subsidiaries, under Global Atlantic Financial Group, offer retirement, life, and reinsurance products.
FS KKR Capital Corp. (NYSE: FSK) has announced its plans to release third quarter 2024 results after the NYSE closes on November 6, 2024. The company will host a conference call on November 7, 2024, at 9:00 a.m. ET to discuss these results. FSK's board has also declared a fourth quarter 2024 distribution of $0.70 per share, comprising a base distribution of $0.64 and a supplemental distribution of $0.06. This distribution will be paid around December 18, 2024, to stockholders of record as of December 4, 2024.
Interested parties can join the conference call via phone or webcast. An investor presentation will be available on FSK's website after market close on November 6. A replay of the call will also be accessible on the company's website.
Global Atlantic Financial Group has appointed Tim Bridgers as Head of Preneed Sales, effective immediately. Bridgers will oversee all aspects of Global Atlantic's preneed sales, including agency and funeral home relationships, as well as strategies for marketing, pricing, and product development. He succeeds Kelly Milberger, who is retiring.
Bridgers joins from Live Oak Bank, where he most recently served as Senior Vice President, Head of Funeral Home and Property Management Lending. His extensive experience in the funeral home industry and track record in providing financing solutions to funeral home owners are expected to be valuable assets in his new role.
Based in Wilmington, North Carolina, Bridgers holds an MBA in Corporate Finance and Leadership from the University of North Carolina at Chapel Hill. He is a Cairn Coin recipient and a former member of the Board of Trustees of Selected Educational Trust.
KKR, a leading global investment firm, has acquired The Parking Spot (TPS), the nation's leading near-airport parking provider, from Green Courte Partners. TPS operates 47 strategically located parking properties across the U.S., offering convenient and affordable parking options with reliable shuttle services. The company's management team will continue to lead operations.
Key points:
- Financial terms were not disclosed
- TPS expanded from 17 properties in 2011 to 47 today under Green Courte's ownership
- Green Courte will continue to own 15 near-airport parking facilities operated by TPS
- KKR made the investment through its Global Infrastructure Strategy
- Morgan Stanley advised KKR, while Evercore advised Green Courte
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