Kkr & Co Inc Stock Price, News & Analysis

KKR Income Opportunities Fund (NYSE: KIO) announced monthly distributions of $0.1215 per common share, amounting to an annualized distribution rate of 13.32%, based on the current share price of $10.95 as of April 14, 2023.

The distribution schedule for May, June, and July 2023 includes:

• May 11, 2023 - Ex-Date
• May 12, 2023 - Record Date
• May 31, 2023 - Payable Date

Investors are advised that a portion of the distributions may be from sources other than net investment income. The Fund seeks to provide high current income and capital appreciation through investments primarily in secured loans and high-yield corporate debt.

On April 17, 2023, FS KKR Capital Corp. (NYSE: FSK) announced plans to release its first quarter 2023 financial results on May 5, 2023, prior to the opening of the New York Stock Exchange. A conference call will follow at 9:00 a.m. ET on the same day, where the company will discuss its results. Participants can register for the call online and access it via webcast from the Investor Relations section of FSK's website. An investor presentation will also be available, featuring key financial information. FSK focuses on providing customized credit solutions, primarily through senior secured and subordinated debt investments in private middle market U.S. companies.

WPP announces that KKR has made a growth investment in FGS Global, a strategic advisory and communications consultancy where WPP holds a majority stake. This investment values FGS Global at $1.425 billion.

FGS Global, with 1,300 experts, has a strong reputation in financial communications, advising on 322 deals valued over $657 billion in 2022. Post-investment, WPP will remain the majority owner, while FGS employees continue as substantial shareholders. The deal is expected to close by Q3 2023, pending regulatory approvals.

This partnership aims to enhance FGS Global's growth and innovation in the strategic advisory sector.

KKR has announced a strategic growth investment in FGS Global, a leading advisory and communications firm. WPP plc will remain the majority owner, while FGS employees will hold substantial shares, with plans for nearly half of the workforce to have employee ownership. KKR's investment comes from its $8 billion European Fund VI, which focuses on growth and partnerships. With 1,300 experts globally, FGS specializes in corporate reputation and crisis management, serving over 1,600 clients. The transaction is expected to close by Q3 2023, pending regulatory approval. FGS was recently ranked the #1 Global PR firm for deal count and value in 2022 by Mergermarket, further solidifying its market position.

Global Atlantic Financial Group has announced a sponsorship with The SCORE Foundation, aimed at enhancing business content and training programs for underserved small business owners. This initiative, funded by a grant from the Global Atlantic Foundation, will develop webinars, videos, and other educational resources for diverse entrepreneurs, including Black, Veteran, Hispanic, and Women founders. The Global Atlantic Foundation, established in 2022 with a $10 million commitment, reflects Global Atlantic's dedication to fostering economic growth through diversity and entrepreneurship. The collaboration is expected to help overcome unique challenges faced by these businesses.

KKR has announced the final closing of its largest European Private Equity fund, European Fund VI, with total commitments of $8.0 billion. This fund surpasses the previous $6.6 billion fund raised in 2019. Focused on private equity investments in Western Europe, the fund seeks to capitalize on structural market trends like digitalization and healthcare. KKR plans to invest over $1.0 billion alongside its investors. With a strong team of over 100 professionals and a combined $28.3 billion in assets under management, KKR aims to support founders and family businesses across Europe.

KKR and Gaw Capital Partners have announced their acquisition of the Hyatt Regency Tokyo, marking KKR's first hotel investment in Japan. This definitive agreement enhances KKR's momentum in Japan's real estate sector. Located in Shinjuku, the hotel's prime location is poised to benefit from the resurgence of both domestic and international business travel as Japan emerges from the pandemic. The investment, made through KKR's Asia Real Estate Partners, includes a planned refurbishment to enhance the hotel’s offerings. The transaction is expected to close by Q2 2023, pending regulatory approvals.

KKR reported a significant update on monetization activities for the period from January 1, 2023 to March 23, 2023. The firm has earned over $325 million in gross realized carried interest and total realized investment income, with a balanced contribution of approximately 50% from each source. This positive performance stems from strategic transactions and income from its balance sheet portfolio. However, KKR cautioned that this figure does not forecast total revenues for the quarter ending March 31, 2023, as it excludes other income sources and expenses.

KKR has appointed Paula Campbell Roberts as the new Chief Investment Strategist for Private Wealth, emphasizing its commitment to enhancing access to alternative investments for individual investors. In this role, Ms. Roberts will collaborate with KKR's Global Macro, Balance Sheet, and Risk team to provide insights to private wealth partners, including broker-dealers and financial advisors. KKR manages nearly $70 billion in private wealth assets and expects these assets to contribute to 30-50% of its annual fundraising in the coming years. This strategic move is aimed at addressing the rising demand for alternative investments amid changing portfolio structures.