Kkr & Co Inc Stock Price, News & Analysis

KKR has announced the final closing of its North America Fund XIII (NAX3), raising an impressive $19 billion for private equity investments in North America. KKR will invest $2 billion from its balance sheet alongside investor commitments. This fund marks KKR's largest to date, building upon a successful track record with prior funds delivering average gross IRRs of 30.1% and 50.1% for its last fund. NAX3 reflects strong investor confidence, targeting a shared ownership program to enhance employee engagement.

KKR and Ontario Teachers’ Pension Plan Board announced a partnership, with Ontario Teachers’ set to invest up to US$175 million in KKR's road platform in India. The initiative includes Highway Concessions One and consists of 12 road assets spanning over 910 kilometers across 11 states. Ontario Teachers’ marks its third infrastructure investment in India, reinforcing its commitment to enhancing Indian infrastructure. The transaction is expected to close in Q3 2022, subject to regulatory approvals.

KKR & Co. Inc. (NYSE: KKR) announced plans to release its financial results for the first quarter of 2022 on May 3, 2022, prior to the opening of trading on the NYSE. A conference call will follow the announcement at 10:00 a.m. ET, accessible by phone and via internet live stream. KKR, a leading global investment firm, focuses on alternative asset management and capital markets solutions, aiming to generate attractive investment returns through a disciplined investment approach.

KKR announced the acquisition of Twenty Anson, a prime-grade office building in Singapore's central business district, marking its first real estate office investment in the region. The 206,163-square-foot property is recognized for its strong ESG credentials and strategic location amid new developments. KKR aims to capitalize on Singapore's recovery and long-term growth in office real estate, driven by favorable macroeconomic conditions and government policies. This investment aligns with KKR’s Asia Pacific real estate strategy and underscores confidence in sustainable urban development.

A recent survey by Global Atlantic Financial Group highlighted concerns among retirement-age investors regarding low interest rates and rising inflation, with 61% believing these factors make it challenging to secure a lasting retirement income. While 96% prioritize guaranteed income, only 24% currently use annuities. Moreover, annuity holders are more optimistic about their financial future, with 62% confident their savings will last a lifetime, compared to 48% of non-holders. This underscores an opportunity for financial professionals to educate clients about annuities and enhance retirement strategies.

FS KKR Capital Corp. (NYSE: FSK) will release its first quarter 2022 results on May 9, 2022, after the market closes. A conference call is scheduled for May 10, 2022, at 9:00 a.m. ET to discuss these results, accessible via phone and webcast. An investor presentation will be available on FSK's website post the earnings release. FSK focuses on providing customized credit solutions to private middle market U.S. companies, primarily investing in senior secured and subordinated debt.

KKR & Co. Inc. has priced a substantial offering of ¥36.4 billion in various Senior Notes due between 2027 and 2037. The debt instruments carry interest rates ranging from 1.054% to 1.795%, with the proceeds earmarked for general corporate purposes, including a pending acquisition of Mitsubishi Corp.-UBS Realty Inc.. The offering is aimed at qualified institutional buyers under Rule 144A and Regulation S, and the notes will be fully guaranteed by KKR and its subsidiaries.

KKR has signed a definitive agreement to acquire Barracuda Networks, a leader in cybersecurity solutions, from Thoma Bravo. The transaction aims to accelerate Barracuda's growth, offering cloud-first security solutions to over 200,000 customers across various industries. KKR plans to enhance Barracuda's operational capabilities and support its expansion into key areas of cybersecurity. While the financial terms remain undisclosed, the deal is expected to close by the end of the year, subject to customary conditions.

KKR has appointed Pamela Alexander as Managing Director and Head of Corporate Citizenship. Based in New York, she will lead KKR's global corporate citizenship and philanthropy programs. Alexander previously spent over two decades at Ford Motor Company, focusing on community development. During her tenure, she led impactful initiatives such as Driving Skills for Life and the Ford Fund's COVID-19 relief efforts. KKR aims to enhance its citizenship platform, emphasizing employee engagement and community support through various initiatives.