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 (KKR) is a leading global alternative asset manager with a 45+ year track record in private equity, credit, and infrastructure investments. This page provides investors and financial professionals with timely access to official press releases, earnings reports, and strategic updates directly from KKR.
Key resources include: Quarterly earnings announcements, merger & acquisition disclosures, leadership updates, and partnership developments. Our curated feed ensures you stay informed about KKR's global initiatives across private markets, real estate, and insurance solutions through Global Atlantic Financial Group.
Bookmark this page for verified updates on KKR's investment activities, ESG commitments, and capital allocation strategies. All content is sourced from official company communications to ensure accuracy and compliance with financial disclosure standards.
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.
KKR Income Opportunities Fund (NYSE: KIO) will hold an investor update call on August 17, 2021, at 11:00 AM ET, featuring insights on market conditions and portfolio performance for Q2 2021. Hosted by Partners Jeremiah Lane and Aaron Dalrymple, the call aims to provide investors with crucial updates. The Fund primarily targets high current income through investments in secured and unsecured loans, as well as high-yield corporate debt. Investors are advised to review the Fund's investment risks and objectives carefully before participation.
FS KKR Capital Corp. (NYSE: FSK) reported a strong second quarter for 2021, achieving net investment income of $116 million, or $0.77 per share, up from $0.63 per share in the previous quarter. The net asset value (NAV) increased by 3.1% to $26.84 per share. FSK's merger with FS KKR Capital Corp. II on June 16 boosted assets to approximately $15.7 billion. The company plans to distribute a $0.65 per share dividend for Q3 2021. Total investments stood at $14.7 billion, with a weighted average yield on debt investments at 9.2%.
KKR has acquired Park 70, a Class A industrial building in Aurora, Colorado, totaling approximately 164,000 square feet. This marks KKR's third industrial real estate acquisition in the Denver market this year, executed through its Americas opportunistic equity real estate strategy. Completed in 2020, Park 70 features a 32-foot clear height and is strategically located near major highways. KKR continues to grow its industrial real estate portfolio, owning over 35 million square feet across the U.S. and managing approximately $32 billion in real estate assets worldwide as of mid-2021.
