KKR & Co. Inc. - KKR STOCK NEWS

KKR has published a new publication titled A New Era for Supply Chains by Neil Brown and Frances Lim, emphasizing the need for businesses to adapt their supply chain strategies amid significant disruptions. The authors highlight that COVID-19, economic nationalism, and geopolitical tensions have adversely impacted traditional supply chains. They emphasize five key considerations for business leaders: building resiliency, evolving supply chains, adopting a holistic view, focusing on vulnerabilities, and leveraging opportunities for sustainability and automation. The publication suggests a shift from global to domestic demand and greater emphasis on ESG solutions.

KKR Income Opportunities Fund (NYSE: KIO) has appointed Eric Mogelof as its new Trustee, Chair, and President, succeeding Suzanne Donohoe, who has resigned from the role. Mogelof, a Partner and Global Head of KKR’s Client and Partner Group, brings over 20 years of experience from PIMCO, where he led the U.S. Global Wealth Management business. KIO aims to provide high current income and capital appreciation through investments in secured loans and high-yield corporate debt.

KKR has announced the acquisition of two industrial distribution properties in Texas, spanning approximately 1.8 million square feet, for around $171 million. Located in Dallas and Houston, these state-of-the-art fulfillment centers were fully leased to investment-grade tenants. This acquisition expands KKR's industrial real estate portfolio to about 7.2 million square feet. The firm, managing approximately $14 billion in real estate AUM, aims to capitalize on the increasing demand for logistics real estate driven by online shopping trends.

KKR has announced the promotion of 26 new Managing Directors effective January 1, 2021. Co-Presidents Joe Bae and Scott Nuttall praised the senior leaders for their achievements and dedication to clients. The promotions span various sectors, including Technology, Real Estate, and Credit, across multiple locations including New York, London, and Hong Kong. KKR reaffirms its commitment to generating attractive returns by employing a disciplined investment approach and investing its capital alongside that of its investors.

KKR has launched the first round of grants from its $50 million Relief Fund to support small businesses and nonprofits impacted by COVID-19. The KKR Small Business Builders program awarded $10,000 each to 55 small business owners, with over 50% being minority-owned and 61% women-owned. Additionally, over $3 million was granted to 25 nonprofits globally addressing COVID-related challenges. The initiative aims to help businesses sustain operations and foster growth during these turbulent times. Applications for future rounds will open on January 4, 2021.

KKR & Co. Inc. (NYSE: KKR) announced that Scott C. Nuttall, Co-President and Co-Chief Operating Officer, will present at the Goldman Sachs US Financial Services Conference on December 8, 2020, at 1:00 PM ET. A live webcast of the presentation will be available on KKR’s Investor Center website. For those unable to join live, a replay will be accessible post-event. KKR is a global investment firm managing multiple asset classes, including private equity, credit, and real assets, aiming to generate attractive returns for its investors.

FS/KKR Advisor announced a merger between FS KKR Capital Corp (FSK) and FS KKR Capital Corp II (FSKR) on Nov. 24, 2020. This merger will create one of the largest business development companies in the U.S., with $14.9 billion in assets and $7.2 billion in net asset value. FSK will remain as the surviving entity on NYSE under the symbol 'FSK.' The merger aims to enhance market presence, reduce expenses, and increase capital access, projected to yield approximately $5 million in annual synergies. The transaction is expected to close in the second or third quarter of 2021.

KKR, a prominent global investment firm, has acquired four industrial distribution properties in the greater Atlanta area for approximately $136 million. The properties encompass 1.6 million square feet, including three last-mile distribution centers and one new fulfillment center leased to a high-quality tenant. This move is part of KKR's strategy to expand its industrial portfolio in high-growth markets like Atlanta, leveraging strong supply-demand fundamentals. KKR has over 18 million square feet of industrial properties across major U.S. metropolitan areas.

KKR has acquired an industrial distribution property in Phoenix for approximately $32 million, expanding its industrial footprint in the region to nearly two million square feet. The Class A facility, built in 2001, is fully leased to a high-quality tenant for about five and a half years. This acquisition, facilitated by Cohen Asset Management and brokered by Cushman & Wakefield, is part of KKR's strategy to diversify its real estate investments, targeting the growing demand for distribution centers due to increasing e-Commerce activities.