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KKR & Co. Inc. reports developments across its global investment business, including alternative asset management, capital markets activity and insurance solutions. Company news commonly covers operating results, fund and strategy activity, portfolio investments, co-investment vehicles, debt financing, and capital-structure updates.
KKR sponsors investment funds in private equity, credit and real assets, works with strategic partners that manage hedge fund platforms, and operates insurance subsidiaries that offer retirement, life and reinsurance products through Global Atlantic Financial Group. Recent company updates also reflect activity in technology growth, sports, sustainable infrastructure and insurance-related platforms.
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.
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.
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.
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.
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.
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.