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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, a global investment firm, has provided a $300 million corporate credit facility to Origis Energy through its insurance business. This funding will support Origis' ongoing development and construction of solar and storage projects. Origis, ranked third by S&P Global Commodity Insights for planned solar installations through 2028, has a project portfolio of over 12 GW in the U.S., with an additional 13 GW in the pipeline. Vikas Anand, CEO of Origis, praised the collaboration with KKR. Sam Mencoff, Director at KKR, highlighted the strong demand for renewable energy financing. This investment is part of KKR's Asset-Based Finance strategy, which manages approximately $54 billion in assets globally.
KKR & Co. announced that Co-CEO Joseph Y. Bae will present at the Bernstein 40th Annual Strategic Decisions Conference 2024 on May 29, 2024, at 3:30 PM ET. The presentation will be webcast live via KKR's Investor Center, with a replay available shortly after. KKR, a global investment firm, focuses on alternative asset management, capital markets, and insurance solutions. Its investment approach aims to generate attractive returns through a disciplined strategy and support for growth in portfolio companies and communities. For more information, visit the KKR website.
KKR Income Opportunities Fund (NYSE: KIO) declared monthly distributions of $0.1215 per share for June, with Ex-Date, Record Date, and Payable Date all falling on June 14, 2024. The distribution rate is provided for informational purposes only and does not indicate future results. Shareholders will receive a Form 1099-DIV for tax reporting purposes. Investors should carefully assess the Fund's objectives, risks, charges, and expenses before investing, as market conditions can impact the Fund's performance and distribution rate.
KKR, a global investment firm, acquired a two-building logistics property in Nashville. The property is situated near the Nashville International Airport with convenient access to major highways. The investment aligns with KKR's strategy of investing in modern logistics assets. The property features high clear heights, modern amenities, and strategic location, making it an attractive addition to KKR's portfolio.
FS KKR Capital Corp. announced its financial results for the quarter ended March 31, 2024, with a second-quarter distribution of $0.70 per share, totaling $0.75 per share including a special distribution. The company reported net investment income of $0.76 per share, net asset value of $24.32 per share, and earnings per share of $0.62. FSK's board declared a cash distribution for the second quarter and highlighted a total fair value of investments at $14.2 billion as of March 31, 2024.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and KKR have established a $2 billion strategic partnership to invest in climate positive projects in the U.S. through CarbonCount Holdings 1 (CCH1). Each company has committed up to $1 billion to CCH1 for clean energy assets over 18 months. HASI will manage CCH1, measure emissions, and focus on renewable energy projects. The partnership aims to accelerate the energy transition and reduce reliance on public equity markets.
KKR and Marriott International are launching a midscale hospitality segment in Japan with Four Points Express by Sheraton. KKR acquired Unizo Hotel Company, and 14 hotels in Japan, which will be converted to Four Points Express by Sheraton, marking Marriott's entry into the affordable midscale segment in Japan. The hotels are located in major tourist destinations, adding over 3,600 rooms. Four Points Express by Sheraton will provide value-conscious consumers with a reliable and convenient hotel experience. The collaboration aims to meet the growing demand for affordable accommodation in the region.
KKR, a global investment firm, will acquire Healthium Medtech from Apax Funds, expanding its healthcare sector investments in India and Asia Pacific. Healthium, a leading Indian medical devices company, has grown under Apax's ownership, with KKR planning to leverage its expertise for further growth. The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2024.
Cotiviti, a healthcare data analytics and technology business, completed a recapitalization with Veritas and KKR, with both firms now having equal ownership stakes. The partnership aims to accelerate innovation and growth investments in commercial expansion, new product development, and technology-related opportunities. Cotiviti's mission is to enhance the healthcare system by leveraging advanced technology and data analytics.
The Global Atlantic 2024 Retirement Outlook Survey reveals that retirement age investors prioritize asset protection over growth, with 61% preferring to protect assets rather than grow them. The study highlights the importance of generating reliable retirement income and protecting savings against market volatility. Nearly half of investors rank 'protecting assets from loss' as a top investing goal, despite the S&P 500's gains in 2023. Financial professionals play a important role in guiding clients through challenging economic environments, with 84% satisfaction rate reported.
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