Welcome to our dedicated page for Kkr & Co news (Ticker: KKR), a resource for investors and traders seeking the latest updates and insights on Kkr & Co stock.
KKR & Co. Inc. (NYSE: KKR) is a global investment firm active across alternative asset management, capital markets and insurance solutions, and its news flow reflects this breadth. Press releases describe KKR-sponsored funds investing in private equity, credit and real assets, alongside insurance subsidiaries that offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group.
Recent KKR news highlights activity in private credit, infrastructure, real estate, digital infrastructure and transportation. For example, KKR announced the completion of a fundraise for KKR Asia Credit Opportunities Fund II and related accounts, focused on privately originated performing credit investments in Asia Pacific. The firm also reported a strategic partnership with RWE to develop UK offshore wind projects, illustrating its participation in energy transition and renewables infrastructure.
Other releases describe additional equity commitments to a European data center platform, the acquisition of a large logistics facility in Korea, and a strategic partnership to build a European rail leasing platform through an investment in Green Mobility Partners. KKR also issues updates on monetization activity, earnings release dates and fund distribution announcements, such as those related to KKR Income Opportunities Fund.
Investors and observers using this news page can review KKR’s official announcements on transactions, fund launches, capital raises, governance developments and financial disclosures. The coverage provides context on how KKR’s funds and subsidiaries operate across private equity, credit, real assets and insurance, and how the firm positions itself in themes such as private credit, digital infrastructure and the energy transition.
KKR and Loop Capital have announced a strategic alliance enabling Loop Capital to independently provide investment banking and equity research services to KKR’s equity capital markets clients. This partnership enhances KKR's capabilities in underwriter services for IPOs and broadens their distribution via Loop Capital’s institutional investors. KKR has collaborated with Loop Capital on ECM transactions since 2011, and Loop Capital has participated in 15 KKR capital markets transactions. The alliance aims to strengthen KKR's capital markets business while expanding access to client resources.
KKR announced the sale of Minnesota Rubber and Plastics (MRP) to Trelleborg Group for approximately US$950 million. Since KKR's acquisition in November 2018, MRP has enhanced its operations through significant investments, including a new innovation center and improved manufacturing processes. KKR's employee ownership model allowed MRP's over 1,450 employees to share in the company's success, receiving cash payouts upon closure of the deal. The transaction is expected to close by year-end 2022, contingent on regulatory approvals.
KKR & Co. Inc. released its second quarter 2022 results, now available on its Investor Center website. The company will hold a conference call on August 2, 2022, at 10:00 a.m. ET to discuss these financial outcomes, accessible via phone and live stream. KKR operates as a leading global investment firm, focusing on alternative asset management, capital markets, and insurance solutions. It aims for attractive returns through a disciplined investment approach and supports growth in its portfolio companies.
KKR Income Opportunities Fund (NYSE: KIO) has declared monthly distributions of $0.105 per common share for August, September, and October 2022. Based on its IPO price of $20.00 and close price of $12.15 on July 27, 2022, the annualized distribution rates are 6.30% and 10.37% respectively. Shareholders should be aware that some distributions may come from sources other than net investment income and that the fund's investment performance can fluctuate significantly.
Global Atlantic Financial Group announced its recognition in Barron’s annual list of the Best Annuities, showcasing its ForeStructured Growth and ForeAccumulation II Advisory products. ForeStructured Growth, a registered index-linked annuity, is noted for its growth potential with limited risk, while ForeAccumulation II Advisory offers principal protection with potential higher returns. Both products are highlighted for meeting investor needs and are backed by Global Atlantic’s strong financial rating of A from A.M. Best.
KKR has acquired a majority stake in apexanalytix, a leader in supply chain risk management software. Carousel Capital maintains a significant minority stake. apexanalytix serves over 250 Fortune 500 companies, safeguarding more than $8 trillion in annual spend and recovering over $8 billion annually for its clients. KKR aims to leverage its global presence and technical expertise to enhance apex’s service capabilities. Financial terms were not disclosed. The partnership is anticipated to accelerate growth and improve supply chain management solutions for enterprise organizations.
Global Atlantic Financial Group has appointed Neir Jhawar as Chief Operating Officer for Institutional Markets and Alireza Vaseghi as Head of Asia & Global Head of Strategic Clients. These hires support the growth of the institutional business and expansion into Asia. Jhawar, previously at Credit Suisse, brings extensive experience to enhance operational focus, while Vaseghi will develop strategies for Asia's institutional market. The company has reinsured approximately $75 billion in assets since 2004, emphasizing its success in reinsurance solutions.
KKR & Co. Inc. (NYSE: KKR) has announced that it will release its financial results for the second quarter of 2022 on August 2, 2022, prior to the opening of trading on the New York Stock Exchange. A conference call to discuss the results will take place on the same day at 10:00 a.m. ET. Interested parties can access the call at (877) 407-0312 for U.S. callers or +1 (201) 389-0899 for international callers. Additionally, the call will be streamed live via KKR's Investor Center website.
KKR has announced the acquisition of Atlantic Yards, a premier Class A office property in Midtown Atlanta, from Hines and Invesco Real Estate. This two-building asset spans 523,511 square feet and is fully leased to Microsoft Corp. through 2035, reinforcing its strategic importance in the Atlanta market. The property, designed for high-tech usage, is part of a larger sustainable development called Atlantic Station. KKR's investment aims to leverage the area's growth as a tech hub, providing long-term, yield-oriented exposure for its insurance capital.
Internet Brands has completed a recapitalization with KKR, Temasek, and Warburg Pincus, valuing the company at over $12 billion. KKR remains the majority investor as Internet Brands has grown eightfold since 2014. CEO Bob Brisco expressed optimism about future growth and strategic opportunities in their vertical markets, including Consumer Health and Legal sectors. Warburg Pincus joins as a new investor, bringing additional expertise and resources to aid in the company's next growth phase.