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KKR & Co. Inc. - KKR STOCK NEWS

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.

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Metronet, a leading independent fiber-to-the-home (FTTH) operator in the U.S., has announced its sale to a joint venture between KKR and T-Mobile. The transaction, expected to close in 2025, will transform Metronet into a wholesale services provider, with T-Mobile taking over residential fiber retail operations. Metronet's network currently reaches over 2 million households across 17 states.

Key points:

  • Oak Hill Capital and the Cinelli family, Metronet's majority shareholders, will retain minority investments in the JV
  • Metronet will focus on network infrastructure while T-Mobile handles customer acquisition and support
  • The company boasts the highest build pace among private fiber companies in the U.S.
  • The deal aims to expand fiber broadband services to more U.S. consumers
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T-Mobile (TMUS) and KKR have announced a joint venture to acquire Metronet, a leading fiber-to-the-home operator in the U.S. The deal aims to expand T-Mobile's broadband portfolio and offer fiber internet services to more consumers. Key points:

1. T-Mobile will acquire 100% of Metronet's residential fiber retail operations and customers.
2. Metronet will become a wholesale services provider, focusing on network deployment and customer installation.
3. The JV is expected to reach 6.5 million homes passed by the end of 2030.
4. T-Mobile will invest approximately $4.9 billion for a 50% equity stake in the JV.
5. The transaction is expected to close in 2025, subject to regulatory approvals.

This strategic move complements T-Mobile's existing 5G Home Internet offering and aims to meet increasing consumer demand for high-speed, reliable broadband services.

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KKR, a leading global investment firm, has signed a definitive agreement to acquire Janney Montgomery Scott from The Penn Mutual Life Insurance Company. Janney, a wealth management, investment banking, and asset management firm with over $150 billion in assets under administration, will become a standalone private company after the transaction closes.

Key points:

  • Janney has 900+ financial advisors across 135 U.S. offices
  • KKR plans to create a broad-based equity ownership program for Janney's 2,300 employees
  • The transaction is expected to close in Q4 2024
  • KKR is investing primarily through its North America Fund XIII

This acquisition positions KKR to capitalize on the growing U.S. wealth management market while maintaining Janney's client-centric culture and growth-oriented mindset.

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Trinseo PLC (NYSE: TSE), a specialty material solutions provider, has announced a new $150 million non-recourse financing facility with credit funds and accounts managed by KKR. This facility, collateralized by trade receivables, replaces a prior facility of the same size maturing in November 2025. The new facility extends the maturity to December 2027 and has no minimum liquidity covenants, providing Trinseo with additional financial flexibility. Frank Bozich, President and CEO of Trinseo, expressed enthusiasm for KKR's support, highlighting the extended maturity and improved terms. Giacomo Picco, a Managing Director at KKR, emphasized their expertise in global receivables financing and commitment to supporting Trinseo's growth and supply of critical materials to essential markets globally.

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Carlyle and KKR have agreed to acquire a $10.1 billion prime student loan portfolio from Discover Financial Services. The acquisition, led by Carlyle's Credit Strategic Solutions team and KKR's asset-based finance strategy, showcases their expertise in private student loans and asset-backed finance. This transaction allows Discover to simplify its operations and business mix.

The deal is expected to close by the end of 2024, subject to customary conditions. Monogram , a Carlyle portfolio company, will manage the portfolio, while Firstmark Services, a Nelnet subsidiary, will service the loans. This strategic move highlights the evolving lending landscape and the increasing role of private markets in providing flexible solutions to financial institutions.

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FS KKR Capital Corp. (NYSE: FSK) has announced its schedule for the release of second quarter 2024 results. The company plans to disclose its financial performance after the New York Stock Exchange closes on Tuesday, August 6, 2024. Following this, FSK will host a conference call at 9:00 a.m. (Eastern Time) on Wednesday, August 7, 2024, to discuss the results in detail.

Interested parties can participate in the live conference call by registering through a provided URL. The call will also be webcast and accessible from the Investor Relations section of FSK's website. Additionally, an investor presentation of financial information will be available on the company's website after market close on August 6. A replay of the call will be made available shortly after its conclusion.

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KKR, a leading global investment firm, has acquired Park 8Ninety, a 12-building industrial logistics park in Houston, Texas, from Artis REIT for approximately $234 million. The 1.8 million square-foot park, completed between 2017 and 2022, features Class A single-tenant and multi-tenant modern logistics buildings on a 127-acre property. Strategically located in southwest Houston, the park offers direct access to major transportation routes.

This acquisition expands KKR's footprint in Houston and adds to its national logistics portfolio. KKR's Real Estate group has committed or acquired about $7.5 billion of logistics assets in the U.S. industrial sector since 2018, now owning over 48 million SF of industrial real estate in major U.S. metropolitan areas. The firm's global real estate business manages $71 billion in assets as of March 31, 2024.

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KKR, in partnership with Palm Capital, has acquired a prime last-mile logistics asset in Greater Copenhagen from Catena. The asset includes 47,000 sqm of warehouse and office space, hosting long-term tenant Nemlig.com. This logistics park benefits from excellent infrastructure, including proximity to the upcoming light rail system in 2025. The acquisition is part of KKR’s strategy to expand in Nordic real estate, leveraging the supply-constrained industrial market. This deal follows KKR’s recent investments in Finland and Sweden, reinforcing their thematic investment strategies in industrial and logistics assets.

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KKR & Co. (NYSE: KKR) will release its Q2 2024 financial results on July 31, 2024, before NYSE trading begins. A conference call will follow at 10:00 a.m. ET, accessible via phone and webcast. The call will be broadcast live and available for replay on KKR's website.

KKR, a leading global investment firm, focuses on alternative asset management, capital markets, and insurance solutions. It invests in private equity, credit, and real assets through its sponsored funds and insurance subsidiaries under Global Atlantic Financial Group.

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Nasuni, a leading enterprise data platform, has announced a strategic growth investment led by Vista Equity Partners, alongside TCV and KKR. The new investment values Nasuni at approximately $1.2 billion and aims to accelerate product innovation and global expansion in the hybrid cloud market. Nasuni's CEO, Paul Flanagan, highlighted the company's commitment to quality and innovation. Nasuni has achieved a 30% growth rate, high customer retention, and industry-leading NPS scores. The platform is used by over 850 companies in 70 countries, supporting large enterprises in manufacturing, consumer goods, and energy sectors.

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FAQ

What does KKR & Co. Inc. do?

KKR & Co. Inc. is a global investment firm managing investments across various asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds.

Who founded KKR & Co. Inc.?

KKR & Co. Inc. was founded in 1976 by Henry Kravis and George Roberts.

What are the main business segments of KKR?

KKR operates through two primary segments: Asset Management, which includes private and public markets, and Insurance, primarily through Global Atlantic Financial Group.

How much are KKR's total managed assets?

As of March 2023, KKR manages $577.6 billion in total assets.

What recent strategic partnerships has KKR announced?

KKR recently announced a strategic partnership with Capital Group to create hybrid public-private market investment solutions.

What recent acquisitions has KKR been involved in?

Gamma Biosciences, established by KKR, announced the $600 million cash acquisition of Mirus Bio by Merck KGaA.

Where can I find more information about KKR & Co. Inc.?

You can find more information on KKR's official website at www.kkr.com.

What is KKR’s approach to investments?

KKR follows a patient and disciplined investment approach, employing world-class talent and driving growth and value creation at the asset level.

How can I stay updated with KKR’s news?

You can follow KKR on Twitter at @kkr_co or visit their website for the latest updates.

What is the significance of KKR's partnership with Capital Group?

The partnership aims to provide innovative hybrid public-private market investment solutions, making alternative investments more accessible to a wider range of investors.

KKR & Co. Inc.

NYSE:KKR

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887.40M
24.04%
57.63%
0.89%
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