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.
KKR has released its 2023 Global Macro Outlook, authored by CIO Henry McVey, emphasizing a simpler investment strategy amidst ongoing inflation concerns. Key insights include expectations of earnings declines in 2023 with only modest recovery in 2024, persistent labor shortages, and pressure on U.S. housing prices. The report advocates for investments in real assets and simple credit, citing a structural labor market issue and shifting inflation dynamics. The outlook suggests a selective approach to investments over the next 12 to 18 months.
KKR Real Estate Select Trust Inc. (KREST) has acquired a portfolio of 39 newly built multifamily properties in Tokyo, Japan. This investment, part of KREST’s stabilized real estate strategy, is expected to generate stable cash flows due to a master lease with a leading property manager ensuring 100% occupancy. With KKR managing approximately US$64 billion in assets globally, this acquisition highlights KREST's focus on high-quality, income-producing real estate in a strong market. KREST aims for attractive current income and long-term capital appreciation.
KKR has released a new macro report titled Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio, emphasizing a shift in portfolio construction strategies. The report suggests reallocating from traditional 60/40 models to a more diversified 40/30/30 structure that includes Private Credit, Infrastructure, and Real Estate. Factors such as the pullback of traditional lenders and improved lending terms make Private Credit an attractive option for investors. The report calls for a rethinking of asset allocation approaches in this evolving economic landscape.
Mediawan, a European content studio, is acquiring a significant stake in Plan B Entertainment, co-founded by Brad Pitt. This partnership aims to expand Mediawan's reach into the U.S. market and enhance global content production across film and television. The acquisition aligns with Mediawan's strategy to facilitate international projects and foster talent development. The financial details remain undisclosed, but the deal is backed by Mediawan's investors, including KKR and Atwater Capital. Both companies aim to leverage their expertise to create a unique artistic link between Europe and the U.S.
KKR has announced its agreement to acquire Clinisupplies, a UK leader in continence care products, from Healthium. The transaction aims to bolster Clinisupplies' growth and expand its chronic care portfolio. Financial details remain undisclosed, but Clinisupplies will retain a minority stake. KKR plans to leverage its substantial resources, including the expertise of new board members like Claus Bjerre and Douglas Le Fort, to catalyze Clinisupplies' product and geographic expansion. This investment is part of KKR's $4 billion Health Care Strategic Growth Fund II.
KKR Income Opportunities Fund (NYSE: KIO) has made the Q3 2022 investor call available on its website, hosted by Tom Hobby and Jeremiah Lane. The Fund, a diversified closed-end management investment company, aims for high current income and capital appreciation through investments in secured loans and high yield corporate debt. Investors are advised to review the Fund's investment objectives, risks, and expenses before investing, as market conditions can affect returns. The press release includes forward-looking statements about the Fund's performance and investment risks.
On January 1, 2023, KKR promoted 27 individuals to Managing Director, recognizing their hard work and contributions to the firm. Co-CEOs Joe Bae and Scott Nuttall emphasized the importance of these leaders in exemplifying KKR's culture and values. The promotions span various sectors, including Real Estate, Private Equity, and Credit & Markets, with individuals located in major global cities such as New York, London, and Sydney. This strategic move aims to bolster KKR's operational and investment expertise, further enhancing its value to clients and stakeholders.
KKR announced the conclusion of its cash tender offer for Hitachi Transport System (HTS) shares, with approximately 51.11% of shares tendered. The settlement will start on December 6, 2022. KKR's special purpose entity will not only acquire these shares but also implement a squeeze-out process to own 100% of HTS. The company, a significant player in Japan's third-party logistics sector, will be renamed LOGISTEED, Ltd. on April 1, 2023. This strategic move aims to enhance HTS's market position in Asia, leveraging KKR's global expertise.
Global Atlantic Financial Group announced that Paula Nelson, Managing Director, Head of Strategic Growth, Individual Markets, has joined the newly established Annuity Advisory Board formed by LIMRA and LOMA. The board aims to address the evolving demands of the U.S. annuity market, projected to achieve record sales in 2022. Nelson expressed her commitment to enhancing understanding of annuities and representing member companies. Global Atlantic, a subsidiary of KKR, leverages KKR's investment expertise to strengthen its financial solutions.
KKR & Co. Inc. (NYSE: KKR) has announced that Co-CEO Joseph Y. Bae will speak at the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 8:40 AM ET. The presentation will be accessible through a live webcast on KKR’s Investor Center website. Following the event, a replay will also be available. KKR specializes in alternative asset management, capital markets, and insurance solutions, aiming to deliver attractive investment returns.