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.
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.
Global Atlantic Financial Group has launched ForeStructured Growth, the first registered index-linked annuity (RILA) from its subsidiary. This annuity aims to address retiree concerns regarding inflation, rising rates, and market volatility by offering growth potential linked to various market indices while limiting performance losses. Key features include 24 index-linked crediting strategies and an innovative risk mitigation strategy called Adaptive Floor, designed to cap losses at 10%. This product reflects Global Atlantic's commitment to evolving retirement solutions.
Global Atlantic Financial Group has appointed Monica Verma as the new Chief Operating Officer of its Investment Office, enhancing its leadership team. With nearly 23 years of experience, including her previous role as Global Head of Enterprise Treasury at Vanguard, Verma will focus on advancing core investment strategies and collaboration with business partners. Following KKR's acquisition of Global Atlantic in February 2021, the company has leveraged KKR’s investment expertise to strengthen its portfolio performance. This strategic hiring aims to bolster growth and asset management efficiency.
KKR has announced the final close of its first dedicated asset-based finance fund, KKR Asset-Based Finance Partners, with commitments of approximately $2.1 billion. This fund will focus on privately originated credit investments backed by diverse financial and hard assets, aiming for attractive risk-adjusted returns. The asset-backed finance market, valued at $4.5 trillion, presents significant growth opportunities. KKR's experience includes over $6 billion deployed in the asset-based finance sector since 2016 and managing approximately $35 billion in related assets.
Alliance Pharma has acquired Drug Development Solutions (DDS) from LGC, enhancing its bioanalytical services globally. The acquisition, co-owned by KKR and Ampersand Capital Partners, enables Alliance to broaden its capabilities in cell and gene therapy, biologics, and material sciences. DDS contributes two advanced labs in the UK, including one of the largest bioanalytical centers globally. This strategic move positions Alliance as an international bioanalytical service provider, focusing on supporting emerging areas in the pharmaceutical industry.
123Dentist has merged with Altima Dental and Lapointe Group, creating one of Canada’s largest dental support organizations with nearly 350 practices. The merger is backed by equity capital from financial partners, including KKR and Heartland Dental. This partnership aims to enhance support for dentists and improve patient care, with a focus on flexible ownership models. The transaction is expected to close in Q3 2022, pending regulatory approval, significantly increasing access to quality dental services for over 800,000 patients annually.
Global Atlantic Financial Group announced that its subsidiary, Forethought Life Insurance Company, has been named a Ward’s 50® top life and health insurance company for the thirteenth consecutive year. This recognition highlights the company's strong financial performance and commitment to integrity. Ward's analysis evaluates over 700 life and health insurance companies based on rigorous criteria, confirming that Forethought Life meets the highest standards in safety and performance metrics. This accolade underscores Global Atlantic's leading position in the U.S. life insurance and annuity industry.