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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.
KKR has announced its agreements with NextEra Energy Resources and NextEra Energy Partners to acquire equity interests in portfolios of renewable energy assets, totaling approximately $1.4 billion. This investment includes a $300 million equity purchase for a 50% interest in a 1,000 MW portfolio and a $1.1 billion convertible equity financing for a 1,125 MW portfolio. KKR's commitment extends to $900 million for future renewable energy transactions. The assets have around 19 years of power purchase agreement duration and will grow KKR's jointly-owned renewable generation assets to over 2.3 GW.
Optiv Security announces a $40,000 scholarship fund over four years, aimed at promoting diversity in cybersecurity and information security. This initiative will support one individual who identifies as Black and/or African American, pursuing a STEM degree. Applicants must be graduating high school seniors with a minimum GPA of 3.5 and plan a career in cybersecurity. Optiv's Black Employee Network is driving this effort, highlighting the importance of diversity in enhancing organizational performance.
KKR & Co. Inc. has reported its third quarter financial results, with details accessible on their website. A conference call is scheduled for October 30, 2020, at 10:00 a.m. ET to discuss the outcomes. Participants can join via phone or stream it online. A replay will be available shortly after the live broadcast. KKR focuses on managing various asset classes to deliver strong investment returns through a disciplined approach. For more information, visit KKR's website.
KKR has launched Virescent Infrastructure, a platform focused on acquiring renewable energy assets in India, headquartered in Mumbai. Virescent aims to diversify its portfolio with operational renewable energy assets, primarily funded through KKR's infrastructure fund. Currently, it owns 317MWp of solar assets and is set to acquire additional projects across three states. With India targeting 60% of installed power capacity from renewables by 2030, Virescent is poised to benefit from stable cash flows from long-term government contracts.
FS KKR Capital Corp. (NYSE: FSK) will release its third quarter 2020 results after the market closes on November 9, 2020. A conference call is scheduled for 8:00 a.m. ET on November 10, 2020, to discuss the results, accessible via phone and webcast. Financial information will be presented on the corporate website after the earnings release. FS KKR specializes in providing credit solutions to U.S. middle market companies, with approximately $15 billion in assets under management as of June 30, 2020.
FS KKR Capital Corp. II (NYSE: FSKR) will release its third quarter 2020 results after trading closes on November 9, 2020. A conference call is scheduled for November 10, 2020, at 10:00 a.m. (Eastern Time) to discuss these results. Investors can participate via phone or through a webcast available on FSKR's Investor Relations website. An investor presentation will also be accessible on the same date. FSKR is focused on providing customized credit solutions to private middle market companies and is managed by FS/KKR Advisor, LLC, with approximately $15 billion in assets under management as of June 30, 2020.
KKR & Co. Inc. (NYSE: KKR) has announced its plan to release financial results for Q3 2020 on October 30, 2020, before market opening. A conference call will be held on the same day at 10:00 a.m. ET to discuss these results, accessible via phone and live online. A slide presentation with additional commentary will be available for reference. KKR is a global investment firm managing various asset classes, focusing on generating attractive investment returns for its fund investors.
Optiv Security has launched an e-book titled See Jane Secure, aimed at enhancing cybersecurity awareness during Cybersecurity Awareness Month. This initiative focuses on educating employees about cybersecurity practices to combat cyberthreats. The e-book outlines strategies for organizations to proactively address security challenges through tailored training and solutions. Optiv emphasizes the importance of integrating people, process, and technology to improve resilience against attacks. Additional resources will be provided throughout October, highlighting various cybersecurity areas of concern.
On Sept. 23, 2020, KKR announced its acquisition of 1-800 Contacts, the largest U.S. retailer of contact lenses, from AEA Investors. The financial terms were not disclosed, following 1-800 Contacts' growth and technology investments since AEA's purchase in 2016. The acquisition aims to leverage the company's innovations, like the ExpressExam app, which saw a 200% increase in usage during the COVID-19 crisis. KKR's investment strategy focuses on long-term growth opportunities, indicating confidence in 1-800 Contacts' customer-centric business model.
Clayton, Dubilier & Rice has reached a definitive agreement to acquire Epicor Software Corporation from KKR. Epicor, a leader in providing cloud-enabled enterprise software to industrial sectors, boasts over 20,000 global customers and a substantial recurring revenue stream, with 73% of its revenue now recurring and an impressive 60% growth rate in its SaaS business year-to-date. The transaction, expected to close later this year, signifies a new chapter for Epicor as it aims for increased investments in its product offerings under CD&R's ownership.
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