Kkr & Co Inc Stock Price, News & Analysis

KKR has appointed Lindsey Wright as Managing Director and Head of Investment Services for its real estate credit business in the United States. In this newly created role, she will develop a services platform focused on asset management, loan origination, and risk management. With over three decades of experience, including her recent role at Greystone, Wright aims to enhance KKR's capabilities as the firm’s real estate credit business grows to approximately $25 billion in assets under management. KKR's global real estate franchise manages about $159 billion in real estate assets.

FS KKR Capital Corp. (NYSE: FSK) announced that Daniel Pietrzak, Co-President and Chief Investment Officer, will participate in a BDC panel at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 2:00 PM ET. A live audio webcast will be accessible through FSK's Investor Relations website under Events. FSK primarily invests in senior secured and subordinated debt of private middle market U.S. companies.

KKR has completed its acquisition of Yayoi Co., Ltd., a leading software provider for SMEs in Japan, from ORIX Corporation. All necessary regulatory approvals have been secured. Yayoi, recognized as Japan's top provider of cloud accounting software for six consecutive years, boasts over 2.5 million registered users. KKR aims to leverage its global expertise to support Yayoi in enhancing its offerings, especially as Japanese companies increasingly pursue digital transformation.

The KKR Income Opportunities Fund (NYSE: KIO) has made its Q4 investor call available on its website, featuring insights from Jeremiah Lane and Aaron Dalrymple. The Fund focuses on generating high current income through investments in secured loans and high-yield corporate debt, utilizing dynamic strategies for risk-adjusted returns. Investors are advised to carefully consider the Fund’s objectives and risks before investing. KKR aims for stable investment returns and actively manages a diversified portfolio to meet its goals.

KKR has signed a definitive agreement to acquire a majority stake in Refresco Group B.V, a leading independent beverage solutions provider. Existing investors PAI Partners and British Columbia Investment Management Corporation will retain minority positions. KKR's investment aims to expand Refresco's global footprint, enhance operational capabilities, and meet the growing demand for sustainable beverage solutions. The transaction's terms remain undisclosed, but it is poised to support Refresco's growth and innovation strategies across various regions.

KKR has announced a recapitalization of a $1.7 billion portfolio of Class A office properties through its partner Global Atlantic Financial Group, aimed at enhancing Drawbridge Realty's investment capabilities. The partnership will allow Drawbridge to seek new high-quality investment opportunities, targeting a portfolio size increase over the next 2-3 years. Drawbridge's portfolio includes 5.4 million square feet of office space, over 95% leased to top corporate tenants. KKR retains its stake in Drawbridge, which has thrived since their initial collaboration in 2014.

KKR has appointed Neil Chatterjee, former FERC Chairman, as an Industry Advisor for its Global Infrastructure team. With nearly two decades in energy policy, Chatterjee will enhance KKR's investment strategy and support its portfolio. KKR has overseen about $40 billion in infrastructure assets since founding this strategy in 2008. Raj Agrawal, KKR's Global Head of Infrastructure, expressed enthusiasm for Chatterjee's expertise, particularly in enhancing the resilience of the U.S. power grid.

KKR has released a new macro report titled Labor in Transition, authored by CIO Henry McVey. It examines how significant labor market shifts are elevating inflation rates, shifting capital allocation strategies. Key findings include the U.S. labor market being the tightest in 50 years, with a likely permanent shortfall of 2.1 million workers. The report forecasts a 2022 U.S. CPI of 6.0%, up from 5.0%, and a 10-year rate target of 2.25%. KKR advises investors to lean into inflation-protected assets and emphasizes tilting towards value rather than growth in public equities.

KKR has expanded its self-storage platform with the acquisition of three Class A self-storage properties totaling approximately 2,000 units across Atlanta, Georgia; St. Petersburg, Florida; and Alexandria, Virginia. The aggregate purchase price for these properties was around $70 million. This move marks KKR's entry into the St. Petersburg and Washington D.C. markets and strengthens its presence in Atlanta. With this addition, KKR's self-storage portfolio now exceeds 13,500 units. The firm manages approximately $41 billion in real estate assets globally.