Kkr & Co Inc Stock Price, News & Analysis

KKR has announced a $45 million investment in GrowSari to lead its Series C funding round, aimed at expanding the B2B e-commerce platform's reach and financial services in the Philippines. GrowSari, operational since 2016, aids micro, small, and medium-sized enterprises (MSMEs), enhancing their service offerings and access to products. This move comes amid a reported 6.5x increase in gross merchandise value since 2019, showcasing the platform's growth potential, particularly as it aims for expansion into Visayas and Mindanao.

KKR & Co. Inc. (NYSE: KKR) will release its financial results for Q4 and the full year 2021 on February 8, 2022, before NYSE trading opens. A conference call will take place the same day at 10:00 a.m. ET, accessible via phone and webcast. Live broadcasts will be available later on KKR’s website. KKR is known for its alternative asset management and capital markets solutions, focusing on generating strong returns through a disciplined approach to investments.

Strategic Lease Partners (SLP), launched by KKR, closed six transactions in Q4 2021 worth $780 million. The platform targets $3 billion in net lease acquisitions, primarily from KKR's funds. Notable deals included a 20-property manufacturing portfolio leased to a global beverage company and a LEED Platinum office in Connecticut. The acquisitions total 5.4 million square feet with an average lease term of over 16 years. SLP focuses on enhancing value through sale-leaseback solutions across various industries.

KKR has acquired Merchants Mortgage Trust & Corporation (MMTC), specializing in short-term mortgage products for residential real estate investors. This investment, made through KKR's private credit funds, supports MMTC's growth and geographic expansion, enhancing its financing capabilities. MMTC, which originated over $500 million in loans in 2021, will retain its current management. The financial terms of the deal were not disclosed, but KKR aims to strengthen its Asset-Based Finance strategy by investing in MMTC's lending activities across growing U.S. markets.

Jet Edge International has raised $75 million in new funding from KKR, bringing total investments to approximately $265 million over the past year. This funding will be utilized to expand Jet Edge's fleet, which includes 20 new Gulfstream and Challenger aircraft set for delivery in the first half of 2022. Jet Edge has experienced a remarkable 1,800% year-on-year growth in new member acquisitions, bolstering its Reserve Membership program. KKR's continued investment underscores its confidence in Jet Edge's growth strategy and operations.

KKR Real Estate Select Trust Inc. has acquired over 1.9 million square feet of prime warehouse assets in the U.S., expanding its logistics real estate portfolio to approximately six million square feet. The new properties include a one million square foot warehouse in Charleston and a 923,000 square foot industrial park in Chicago, both fully leased. KKR emphasizes that investing in high-quality logistics properties aligns with their income-oriented strategy, leveraging their extensive experience in the sector.

KKR & Co. announced the appointment of Ryan Stork as Partner and Chief Operating Officer (COO). Having over 20 years of experience at BlackRock, where he was Deputy COO and led various teams, Stork's role aims to enhance operational functions to support KKR's global investment strategies. Joe Bae and Scott Nuttall, Co-CEOs, emphasized the importance of Stork’s leadership in driving the firm's strategic priorities. Stork expressed excitement about joining KKR during this transformative period.

KKR has successfully closed its KKR Health Care Strategic Growth Fund II, raising $4.0 billion to invest in health care growth equity opportunities in North America and Europe. This successor fund is nearly three times the size of its predecessor, which closed at $1.45 billion in November 2017. KKR aims to generate strong returns by partnering with innovative health care companies across sectors like biopharmaceuticals, medical devices, and health care IT. The firm has invested around $18 billion in the health care sector since 2004.

KKR & Co. Inc. (NYSE: KKR) has appointed Matthew Cohler to its Board of Directors, effective December 31, 2021. This new appointment increases the number of independent directors to twelve out of sixteen Board seats. Cohler, a former General Partner at Benchmark, brings extensive experience in early-stage investments in Internet and software startups. KKR continues to focus on generating attractive investment returns through its disciplined investment approach while enhancing leadership diversity on its Board.