Kkr & Co Inc Stock Price, News & Analysis

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.

Global Atlantic Financial Group has announced a 10-year partnership with Service International (SCI) to become the preferred provider of preneed insurance for North America's largest funeral service provider.

This partnership aims to significantly grow Global Atlantic's preneed business and position it as the top provider in North America. Preneed insurance helps cover funeral costs, providing financial relief to families. SCI serves over 600,000 families annually across 1,900 locations.

The partnership will bring digital advancements for seamless customer experiences and operational efficiencies. Global Atlantic plans to hire additional staff and enhance customer support capabilities across its offices.

KKR, a global investment firm, has acquired a controlling stake in Baby Memorial Hospital (BMH), a multi-specialty hospital chain in Kerala, India. This investment aims to support BMH's growth into a leading pan-India hospital network through both organic and inorganic strategies. BMH, founded in 1987 by Dr. K G Alexander, operates 1,000 beds across Calicut and Kannur, with plans for further expansion. The hospital offers specialized treatments across 40 medical and surgical departments. KKR's investment reflects its strategic focus on India's healthcare sector, leveraging its extensive network and expertise to aid BMH's growth and enhance healthcare accessibility and quality across India.

KKR, a global investment firm, and Teachers' Venture Growth (TVG), the venture arm of Ontario Teachers’ Pension Plan, have signed definitive agreements to lead a US$140 million Series E fundraise for SmartHR, a Japanese cloud-native human resources management platform. This investment will support SmartHR's growth through new solution development, talent acquisition, and organic and inorganic strategies.

Founded in 2013, SmartHR offers a comprehensive suite of tech-enabled HR management solutions. KKR's Mukul Chawla emphasized SmartHR's role in enhancing workforce productivity in Japan's digital transformation. TVG's Olivia Steedman highlighted SmartHR's innovative methods to improve workforce management for businesses of all sizes. This investment aligns with KKR’s Asia Next Generation Technology strategy and follows other notable tech investments in Japan and Asia.

KKR, a global investment firm, has acquired an 18-property multifamily portfolio from Quarterra for approximately $2.1 billion. The portfolio includes over 5,200 units, primarily located in high-growth coastal and sunbelt markets such as California, Florida, and Texas. These properties are Class A assets, featuring modern amenities and efficient resource use. KKR highlights that the acquisition comes at a strategic time as commercial real estate markets show signs of recovery. This investment is managed through KKR-advised capital accounts, with operational support from Carter-Haston, MG Properties, and Dalan Real Estate.

KKR, a global investment firm, announced the acquisition of Superstruct Entertainment, a leading European live entertainment group, from Providence Equity Partners. Financial specifics were not disclosed.

Superstruct, founded in 2017, owns and operates over 80 music festivals in Europe and Australia, including Wacken Open Air, Defqon.1, and Sónar. Under KKR's support, Superstruct aims to further global growth and professionalize the fragmented live entertainment sector.

Providence retains an option to invest €250 million in Superstruct. KKR will leverage its expertise in digital entertainment and extensive network to support Superstruct's expansion.

KKR Income Opportunities Fund (NYSE: KIO) has declared monthly distributions of $0.1215 per share. Based on the current share price of $13.60, the distributions represent an annualized rate of 10.72%. The distribution dates for July, August, and September have been outlined, with payments set for the end of each month. The fund stresses that these distributions do not guarantee future results and may include various income sources such as capital gains or return of capital. Investors are advised to consider the fund's objectives, risks, and charges before investing.

KKR announced a monetization update for Q2 2024, reporting over $500 million in total realized performance and investment income from April 1 to June 20. The income comprises approximately 80% realized performance income and 20% realized investment income. These figures stem from secondary sales, strategic transactions, dividends, and interest income. However, this estimate does not predict total income for the quarter ending June 30, 2024, and may change with additional gains or losses.

Small business owners across America will compete for $175,000 in prize money and national exposure in SCORE's 60th Anniversary Pitch Competition. Founded in 1964, SCORE, the nation's largest network of volunteer business mentors, has helped over 17 million entrepreneurs. The competition will include in-person events in Philadelphia, Houston, Los Angeles, and Des Moines, as well as an online contest. Prizes range from $20,000 for first place to $5,000 for third place, funded by Global Atlantic Financial Group. SCORE is offering three free educational webinars to help participants prepare their pitches. The application deadline is July 31, 2024, and finalists will pitch live or virtually.