Kkr & Co Inc Stock Price, News & Analysis

KKR has acquired The Exchange, a 750,000-square-foot Class A office complex in San Francisco, for approximately $1 billion from Kilroy Realty Corporation. This acquisition aligns with KKR's core plus real estate strategy and emphasizes its commitment to the West Coast market. The property is fully leased to a major technology company and features modern lab-ready infrastructure. KKR's real estate assets under management have reached about $28 billion globally, indicating strong growth in this sector.

KKR & Co. Inc. (NYSE: KKR) will host a virtual investor day on April 13, 2021, starting at 8:30 am EDT. The event will feature presentations from KKR’s Co-Presidents Joe Bae and Scott Nuttall, along with CEO of Global Atlantic, Allan Levine, and CFO Rob Lewin. A live webcast will be available on KKR’s Investor Center webpage, along with presentation materials. For those unable to attend, a replay will be accessible shortly after the event.

KKR has acquired a five-building industrial portfolio in Phoenix, Arizona for $68 million, encompassing 540,000 square feet. The portfolio, fully leased and featuring an average clear height of 25 feet, enhances KKR's industrial presence in the region, bringing its total footprint to 2.5 million square feet. This acquisition marks KKR’s second in Phoenix for 2021, reflecting the continued positive demographic trends in the area. KKR has grown its real estate assets to approximately $28 billion globally since launching its dedicated platform in 2011.

KKR, a prominent global investment firm, announced the appointment of two new Managing Directors in its private credit team, focusing on specialty lending and asset-based finance (ABF) markets. Jim Lees and Vaibhav Piplapure bring over 45 years of combined experience and will enhance KKR's capabilities in identifying lucrative lending opportunities. Since 2016, KKR has invested over $4 billion in 39 ABF investments and currently manages approximately $156 billion in assets, including $49 billion within its private credit platform.

Optiv Security has launched its Enterprise Internet of Things (IoT) Lab to tackle the challenges posed by the increasing number of IoT devices in organizational networks. This initiative aims to help Chief Information Security Officers (CISOs) identify and assess vulnerabilities in these devices, enhancing total network protection. Collaborating with industry leaders like Palo Alto Networks and Tenable, the lab will demonstrate best practices in vulnerability management for over 50 IoT targets. It aims to address the critical need for a prevention-first approach to cybersecurity.

KKR & Co. Inc. has priced an offering of $500 million in aggregate principal amount of 4.625% Subordinated Notes due 2061, underwritten by major financial institutions. The offering, set to close on March 31, 2021, aims to use the proceeds to redeem outstanding Series A and B Preferred Stock, with any excess funds allocated for general corporate purposes. KKR emphasizes this debt issuance as part of its broader capital management strategy to enhance shareholder value.

BMG and KKR have announced a collaboration to pursue acquisitions in recorded music, music publishing, and other music rights. This partnership aims to provide solutions for artists and songwriters in maximizing the value of their music assets. Together, they will leverage BMG’s industry knowledge and KKR’s investment experience to acquire music catalogs, enhancing their position as significant players in the market. Notably, this agreement does not involve any equity transfers or joint ventures, ensuring BMG maintains its independence.

Thoma Bravo has reached a definitive purchase agreement to acquire Calabrio from KKR. Financial details of the transaction were not disclosed. Calabrio focuses on customer experience intelligence through cloud-first software systems, which gained popularity during the pandemic. CEO Tom Goodmanson highlighted accelerated growth opportunities due to increased demand for cloud systems. Thoma Bravo aims to leverage its expertise to enhance Calabrio's organic growth and pursue strategic acquisitions, building on KKR's successful partnership.

KKR provided a monetization activity update from January 1 to March 22, 2021, reporting approximately $600 million in gross realized carried interest and investment income. This figure reflects gains from strategic and secondary sales, alongside dividend and interest earnings from its portfolio. However, this estimate does not encompass total revenues for the quarter ending March 31, 2021, nor does it predict income sources like fees or potential losses. Investors are cautioned on the uncertainties of forward-looking statements.