KKR & (KKR) Stock News, May-Jun 2025

HarbourView Equity Partners has secured an additional $500 million in debt financing through a private securitization backed by its music portfolio, with participation from KKR-managed insurance vehicles. This follows a similar $500 million financing secured in 2024. HarbourView, managing $2.67B in regulatory assets, has built a diverse portfolio of over 70 music catalogs comprising 35,000+ songs. The firm has expanded into media projects, including financing Hip Hop biopics with Will Smith's Westbrook Studios and investing in Usher's concert film. KKR's Asset-Based Finance strategy, which provided the financing, manages approximately $74 billion in assets globally. Barclays acted as the sole structuring advisor for the transaction, with KKR Capital Markets and Fifth Third Bank serving as placement agents.

KKR announced that British Columbia Investment Management Corporation (BCI) will acquire a minority stake in Pinnacle Towers, a leading digital infrastructure platform in the Philippines. KKR will maintain its majority ownership position. Established in 2020, Pinnacle Towers has grown to become the Philippines' largest independent tower company with approximately 7,000 towers, specializing in Build-to-Suit telecommunications projects and Sale-and-Leaseback asset management. The transaction, expected to close in Q3 2025, represents BCI's strategic expansion in Asia-Pacific infrastructure investments. KKR's investment came from its Asia Infrastructure Funds I and II, with its Asia Pacific infrastructure platform managing approximately $13 billion in assets.

American Electric Power (AEP) has completed a strategic partnership with KKR and PSP Investments, who jointly acquired a 19.9% equity stake in AEP's Ohio and Indiana Michigan transmission companies for $2.82 billion. The minority stake represents about 5% of AEP's total transmission rate base. The proceeds will support AEP's $54 billion five-year capital plan. AEP expects over 20 gigawatts of new power demand across its footprint by 2030, with additional interest from nearly 600 customers representing 180 gigawatts seeking connection to AEP's transmission system. AEP will maintain operational control of the transmission facilities while leveraging the partnership to support infrastructure development in Indiana, Michigan, and Ohio service territories.

KKR & Co. Inc. (NYSE: KKR) has announced that Adam Smith, Partner and Co-Head of Credit & Markets, will present at the Morgan Stanley US Financials Conference 2025. The presentation is scheduled for Tuesday, June 10, 2025, at 9:00 AM ET. A live webcast will be available on KKR's Investor Center website, with a replay accessible shortly after the event. KKR is a prominent global investment firm specializing in alternative asset management, capital markets, and insurance solutions through its subsidiary Global Atlantic Financial Group. The firm manages investment funds focused on private equity, credit, real assets, and partners with hedge fund managers.

KKR, a leading global investment firm, has arranged a significant $600 million financing package for India's Manipal Education and Medical Group (MEMG) through KKR Capital Markets, backed by its private credit and insurance platforms. The investment aims to support Manipal Group's corporate expansion and growth objectives by providing flexible, structured capital. Manipal Group, a prominent Indian conglomerate, operates across healthcare, education, and health insurance sectors, including Manipal Health Enterprises. This transaction represents KKR's largest credit investment in India to date, highlighting the firm's commitment to the Indian market. Since 2019, KKR has committed over $8 billion across approximately 60 credit investments under its Asia Pacific Credit strategy, with total transaction volume exceeding $21 billion.

KKR & Co (NYSE: KKR) has announced the pricing of $550 million in 6.875% Subordinated Notes due 2065. The notes will be subordinated obligations of KKR and fully guaranteed by KKR Group Partnership L.P. Underwriters have a 30-day option to purchase an additional $82.5 million in notes to cover potential over-allotments. The offering is expected to close on May 28, 2025, subject to customary conditions. The company plans to use the net proceeds for general corporate purposes. The offering is being managed by several joint book-running managers including Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley, UBS Investment Bank, and KKR Capital Markets.

KKR (NYSE: KKR) has announced an offering of subordinated notes due 2065. The notes will be subordinated obligations of KKR and fully guaranteed by KKR Group Partnership L.P. The company plans to use the net proceeds for general corporate purposes. The offering includes a 30-day option for underwriters to purchase additional notes for over-allotments.

The joint book-running managers for the offering include Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, Morgan Stanley, UBS Securities, and KKR Capital Markets. The offering is being made through an effective shelf registration statement filed with the SEC.

A new survey by Global Atlantic Financial Group reveals significant gaps between financial advisors and their clients' retirement priorities. The study, which surveyed 514 advisors and 1,009 investors aged 55-75 with $250K-$2M in investable assets, shows that 88% of investors prioritize steady retirement income streams, compared to only 66% of advisors. Similarly, 83% of investors value guaranteed retirement income beyond pensions/Social Security, while only 46% of advisors emphasize this need. The survey also found that 88% of investors seek stable returns versus 57% of advisors, and 86% value principal protection compared to 52% of advisors. Despite 75% of investors discussing protection strategies, only 54% feel adequately protected from market downturns. The findings highlight an opportunity for financial professionals to better align with client priorities during the "Fragile Decade" - the critical period spanning the last five working years and first five years of retirement.

KKR has released a new report titled "The Art of Learning" by Henry McVey, CIO of KKR's Balance Sheet and Head of Global Macro and Asset Allocation. The report highlights significant shifts in asset allocation following Liberation Day, particularly focusing on two key changes: 1) government bonds no longer acting as portfolio 'shock-absorbers' during market downturns, and 2) the weakening U.S. dollar coinciding with simultaneous stock and bond sell-offs. McVey suggests reducing traditional 60/40 portfolio reliance on U.S. government bonds and considering international bonds for diversification. The report also discusses U.S. services exports' profitability exceeding losses from imported goods manufacturing, and notes a reduction in effective tariff rates from 18% to 15%, leading to revised GDP forecasts for the U.S., Europe, and China.