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.
Vitesse has secured $93M in Series C funding led by KKR, with participation from existing investors such as Hannover Digital Investments. This new funding will support product development and enhance connectivity across the insurance value chain, accelerating Vitesse's mission to revolutionize global payments and treasury management.
Additionally, Curt Hess has been appointed as US Executive President, bringing extensive experience from his prior roles at 10x Banking and Barclays. This move signifies Vitesse's commitment to expanding in the US market. With a team of 177 employees, Vitesse aims to enhance its global payments network, providing real-time management and capital safeguarding for stakeholders in the insurance industry.
The investment will also see Patrick Devine from KKR joining Vitesse's board of directors. KKR's investment is made through its Next Generation Technology Growth Fund III, reflecting their strategic focus on the global insurance industry.
KKR, a global investment firm, has acquired a significant minority stake in Infinx, an AI-driven healthcare revenue cycle solutions provider. This investment aims to accelerate Infinx's growth and expand its network. Existing shareholder Norwest Venture Partners also participated. Infinx, founded in 2012, offers innovative revenue cycle management solutions, particularly in the US market, supporting 172,000 healthcare professionals across 4,000 facilities. Infinx's platform utilizes AI, automation, and payer integration. The US healthcare market is valued at $4.3 trillion, comprising over 18% of the GDP. In 2023, Infinx was recognized as a top RCM vendor by Everest Group and Black Book Research. KKR's support is expected to enhance Infinx's capabilities and market reach.
KKR announced that CFO Robert H. Lewin will present at the TD Financial Services & Fintech Summit on June 6, 2024, at 8:35 AM ET. The presentation will be accessible via a live webcast on KKR's Investor Center website, with a replay available shortly after. KKR is a global investment firm offering alternative asset management, capital markets, and insurance solutions. KKR sponsors investment funds in private equity, credit, and real assets, and its insurance subsidiaries, managed by Global Atlantic Financial Group, offer retirement, life, and reinsurance products.
KKR, a global investment firm, has provided a $300 million corporate credit facility to Origis Energy through its insurance business. This funding will support Origis' ongoing development and construction of solar and storage projects. Origis, ranked third by S&P Global Commodity Insights for planned solar installations through 2028, has a project portfolio of over 12 GW in the U.S., with an additional 13 GW in the pipeline. Vikas Anand, CEO of Origis, praised the collaboration with KKR. Sam Mencoff, Director at KKR, highlighted the strong demand for renewable energy financing. This investment is part of KKR's Asset-Based Finance strategy, which manages approximately $54 billion in assets globally.
KKR & Co. announced that Co-CEO Joseph Y. Bae will present at the Bernstein 40th Annual Strategic Decisions Conference 2024 on May 29, 2024, at 3:30 PM ET. The presentation will be webcast live via KKR's Investor Center, with a replay available shortly after. KKR, a global investment firm, focuses on alternative asset management, capital markets, and insurance solutions. Its investment approach aims to generate attractive returns through a disciplined strategy and support for growth in portfolio companies and communities. For more information, visit the KKR website.
KKR Income Opportunities Fund (NYSE: KIO) declared monthly distributions of $0.1215 per share for June, with Ex-Date, Record Date, and Payable Date all falling on June 14, 2024. The distribution rate is provided for informational purposes only and does not indicate future results. Shareholders will receive a Form 1099-DIV for tax reporting purposes. Investors should carefully assess the Fund's objectives, risks, charges, and expenses before investing, as market conditions can impact the Fund's performance and distribution rate.
KKR, a global investment firm, acquired a two-building logistics property in Nashville. The property is situated near the Nashville International Airport with convenient access to major highways. The investment aligns with KKR's strategy of investing in modern logistics assets. The property features high clear heights, modern amenities, and strategic location, making it an attractive addition to KKR's portfolio.
FS KKR Capital Corp. announced its financial results for the quarter ended March 31, 2024, with a second-quarter distribution of $0.70 per share, totaling $0.75 per share including a special distribution. The company reported net investment income of $0.76 per share, net asset value of $24.32 per share, and earnings per share of $0.62. FSK's board declared a cash distribution for the second quarter and highlighted a total fair value of investments at $14.2 billion as of March 31, 2024.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and KKR have established a $2 billion strategic partnership to invest in climate positive projects in the U.S. through CarbonCount Holdings 1 (CCH1). Each company has committed up to $1 billion to CCH1 for clean energy assets over 18 months. HASI will manage CCH1, measure emissions, and focus on renewable energy projects. The partnership aims to accelerate the energy transition and reduce reliance on public equity markets.
KKR and Marriott International are launching a midscale hospitality segment in Japan with Four Points Express by Sheraton. KKR acquired Unizo Hotel Company, and 14 hotels in Japan, which will be converted to Four Points Express by Sheraton, marking Marriott's entry into the affordable midscale segment in Japan. The hotels are located in major tourist destinations, adding over 3,600 rooms. Four Points Express by Sheraton will provide value-conscious consumers with a reliable and convenient hotel experience. The collaboration aims to meet the growing demand for affordable accommodation in the region.