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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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KKR released its 2024 mid-year global macro outlook, authored by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation. The report, titled ‘Opportunity Knocks,’ highlights the necessity of diversification and adaptability amidst anticipated economic volatility and political complexities in the second half of 2024.

Key points include stronger global employment, robust U.S. productivity, and a thriving global capex cycle. The team emphasizes a shift in the traditional stock-bond relationship, recommending more non-correlated assets and cautioning about portfolio volatility driven by stock-bond correlations. They foresee above-consensus GDP growth, sustained deficits, and resilient oil prices. McVey's unique insights cover asset allocation, energy supply-demand imbalances, and increased productivity and retraining demands.

The report also provides updated views on global growth, inflation, interest rates, and other market dynamics, addressing key investor concerns.

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ST Telemedia Global Data Centres (STT GDC), KKR, and Singtel have announced a landmark investment of S$1.75 billion (~US$1.3 billion) by a KKR-led consortium in STT GDC. This transaction is the largest digital infrastructure investment in Southeast Asia to date in 2024. The investment will be made via Redeemable Preference Shares (RPS) with detachable warrants, potentially increasing to S$2.99 billion (~US$2.22 billion). The funds aim to bolster STT GDC’s market position and support its international expansion. ST Telemedia will remain the majority shareholder. STT GDC currently operates over 95 data centres across 11 geographies, with a total capacity of more than 1.7GW of IT load.

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Edward Auriemma will join Körber on 08 July 2024 as the new CEO of its supply chain software business, a joint venture with KKR. Edward brings significant experience from his previous roles, including Chief Operating Officer at Blue Yonder, where he enhanced global operations and market standing, and Chief Operations Officer at Alight Solutions, leading them to a successful public listing on the NYSE (ALIT). Stephan Seifert, CEO of Körber Group, expressed enthusiasm for Edward's appointment, emphasizing his market knowledge and strategic growth capabilities. Edward aims to drive innovation and efficiency within Körber's supply chain software sector.

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KKR, a major global investment firm, has made a significant minority investment in Quick Quack Car Wash, supporting its ongoing growth and expansion. Quick Quack, with over 230 locations across five U.S. states, will continue to be backed by its founders and Seidler Equity Partners. The investment aims to enhance Quick Quack's innovation, marketing, and market expansion.

KKR's Director, Sam Plotner, emphasized Quick Quack's strong growth record and robust operational model. CEO Jason Johnson expressed confidence in KKR's capability to support their mission. The partnership also includes a team member ownership program to boost employee engagement, reflecting KKR’s broader strategy. Financial advisories were provided by Goldman Sachs and William Blair, with legal counsel from O'Melveny & Myers for Quick Quack and Simpson Thacher & Bartlett for KKR.

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KKR has announced an agreement to acquire a majority stake in Agiloft, a leader in data-first contract lifecycle management (CLM). Existing investor FTV Capital will also invest additional capital, and JMI Equity will join as a new investor. This investment aims to help Agiloft expand its market share, innovate new product solutions, and enhance customer success. Agiloft's platform supports various departments by providing a comprehensive view of contract phases and integrating with other software systems for increased efficiency. The transaction includes a broad-based employee ownership program to boost engagement and performance.

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KKR is set to acquire Emera’s minority equity interest in the Labrador Island Link (LIL) project, a key clean energy transmission line.

The transaction is valued at $1.19 billion CAD, consisting of $957 million CAD in cash and $235 million CAD in assumed capital obligations.

This move will enable Emera to reduce its corporate debt and invest in its regulated utility businesses.

The deal is expected to close by June 4, 2024. KKR will receive quarterly distribution payments from LIL over the remaining life of the 50-year contract.

Emera will continue to provide capital investments for LIL’s operations while maintaining ownership of the Maritime Link transmission line.

KKR aims to strengthen its investment in essential transmission assets like LIL, which is important for delivering clean energy to Newfoundland, Nova Scotia, and beyond.

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KKR announced that its Chief Financial Officer, Robert H. Lewin, will present at the Morgan Stanley US Financials, Payments & CRE Conference 2024 on June 10, 2024, at 9:30 AM ET.

The presentation will be available via live webcast on KKR's Investor Center website, with a replay accessible shortly after.

KKR, a leading global investment firm, specializes in alternative asset management, capital markets, and insurance solutions.

The firm sponsors investment funds in private equity, credit, and real assets, and manages retirement, life, and reinsurance products through its insurance subsidiaries.

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Gamma Biosciences announced the sale of its operating company, Mirus Bio, to Merck KGaA, Darmstadt, Germany, for $600 million in cash. The sale is expected to be completed in Q3 2024, pending regulatory approvals. Mirus Bio, acquired by Gamma in 2021, specializes in transfection solutions for genetic material delivery into cells, with applications in cell and gene therapy. Gamma's CEO, Matt Gunnison, praised Mirus' progress and expressed confidence in Merck's ability to continue this trajectory. Dale Gordon, CEO of Mirus Bio, highlighted the strengthening position in the market and future expansion under Merck. KKR representatives also emphasized their strategic growth in the life sciences sector.

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On May 23, 2024, Capital Group and KKR announced an exclusive strategic partnership to develop hybrid public-private investment solutions. The collaboration aims to provide mass affluent investors with access to alternative investments, historically reserved for high-net-worth individuals. The first two strategies, focusing on public-private fixed income, are slated for a 2025 U.S. launch. Capital Group oversees $2.6 trillion, with $500 billion in public fixed income, while KKR manages over $500 billion in assets, including $200 billion in credit. This partnership leverages Capital's active management and KKR's private market expertise to create more liquid investment strategies. The global assets in alternatives are projected to grow 12% annually over the next decade.

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KKR has announced the pricing of ¥91.4 billion in senior notes, split across five tranches with varying maturity dates and interest rates. The largest tranche, ¥44.6 billion, is due in 2029 with a 1.559% interest rate. Smaller tranches include ¥1 billion due in 2031 at 1.762%, ¥26.2 billion due in 2034 at 2.083%, ¥10 billion due in 2044 at 2.719%, and ¥9.6 billion due in 2054 at 3.008%. KKR intends to use the proceeds for general corporate purposes. The offering is targeted at qualified institutional buyers in the U.S. and international buyers, complying with Rule 144A and Regulation S under the Securities Act of 1933. The notes are unregistered and cannot be sold in the U.S. without proper registration or exemption. This announcement follows Rule 135c guidelines.

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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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24.11%
57.74%
0.78%
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