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.
Optiv Security has announced three key executive appointments to strengthen its leadership team and drive company growth. Heather Allen Strbiak joins as chief human resources officer, focusing on HR strategy. Heather Rim comes in as chief marketing officer, tasked with enhancing brand visibility and demand generation. Ahmed Shah is appointed senior vice president of alliances and ecosystems, responsible for partner strategy. These appointments are expected to bolster Optiv's commitment to integrated cybersecurity solutions and improve stakeholder engagement.
KKR & Co. Inc. (NYSE: KKR) announced plans to release its financial results for Q1 2021 on May 4, 2021, prior to NYSE market opening. A conference call will follow on the same day at 10:00 a.m. ET, accessible via phone or through KKR's Investor Center online. A slide presentation with supplementary information will also be available in advance. KKR is recognized as a global investment firm focusing on alternative asset management, private equity, credit, and insurance solutions aimed at delivering attractive returns.
KKR has invested in Adopt A Cow, a rapidly growing direct-to-consumer dairy brand in China, co-led with DCP Capital. Founded in 2016, Adopt A Cow produces pure milk, yogurt, cheese sticks, and milk powder, boasting over 10 million customers. The investment will accelerate the development of modern dairy farms and integrate digital operations to enhance quality and efficiency. KKR aims to leverage its expertise in technology and consumer sectors to support the company's growth in China's dynamic dairy market.
FS KKR Capital Corp. (NYSE: FSK) will announce its first quarter 2021 results on May 10, 2021. A conference call is scheduled for May 11, 2021, at 8:00 a.m. ET to discuss these results. Interested parties can join via phone or listen to the webcast on the company's Investor Relations website. An investor presentation will also be available on the same date. FS KKR Capital Corp. is a publicly traded business development company focusing on credit solutions for private middle market U.S. companies and is advised by FS/KKR Advisor, LLC.
FS KKR Capital Corp. II (NYSE: FSKR) will release its first quarter 2021 results after market close on May 10, 2021. The company will host a conference call on May 11, 2021, at 10:00 a.m. ET to discuss these results. Interested participants can join by dialing (833) 519-1290 or through a webcast available on FSKR's Investor Relations website. An investor presentation will also be accessible after the May 10 results release. FSKR is a prominent business development company focused on customized credit solutions for private middle market U.S. companies.
On April 14, 2021, KKR announced a definitive agreement to acquire Ensono, a leading hybrid IT services provider, from Charlesbank Capital Partners and M/C Partners. This strategic investment follows Ensono's strong growth, including its recent acquisition of Amido, a cloud consultancy. The acquisition aims to leverage KKR's extensive resources to enhance Ensono's capabilities and expand its service offerings. The transaction is expected to close within 60 days, pending regulatory approvals, although financial details were not disclosed.
KKR, a global investment firm, has announced the addition of three experienced executives to its Global Infrastructure team. Tim Short and Benoit Allehaut join as Managing Directors, while Benjamin Droz is appointed as Principal, all focused on renewable energy investments in North America. The firm has committed approximately $19.5 billion in renewable assets over the last decade, managing over $27 billion in total infrastructure assets. The new appointments come from Capital Dynamics, where the trio had significant roles in clean energy investments totaling $14.5 billion.
KKR announced the appointment of Sasank Chary as a Managing Director in its financial services team, based in New York. Chary has over 15 years of experience in the financial services and technology sectors, previously working at Reverence Capital Partners and Sageview Capital. His role will focus on sourcing investments in financial technology and services. KKR aims to leverage Chary's expertise to expand investment capabilities in its financial services segment, which includes recent investments in various sectors including insurance and payments.
On April 7, 2021, KKR announced its agreement to acquire a majority interest in Therapy Brands, a leading software platform for mental and behavioral healthcare providers, from its existing shareholders including Lightyear Capital, Oak HC/FT, and Greater Sum Ventures. Therapy Brands serves over 28,000 practices across the U.S. with comprehensive practice management and EHR solutions. The deal aims to enhance the platform's growth and delivery of technology-enabled solutions amidst increasing demand for mental health services. Financial terms were not disclosed.
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