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 appointed Chano Fernandez, co-CEO at Workday, as a Senior Advisor to its global technology team. Mr. Fernandez will focus on investment activities in the enterprise application software segment across Europe and North America. He brings over 20 years of experience in the technology sector, emphasizing cloud and SaaS solutions. His role involves identifying new opportunities and advising KKR's portfolio companies on operational and growth strategies. This strategic appointment reinforces KKR’s leadership in technology investing.
Gamma Biosciences, formed by KKR, has appointed Kieran P. Murphy as Executive Chairman to enhance its leadership in advanced therapy manufacturing. Mr. Murphy, with significant experience from GE Healthcare, will guide Gamma as it develops its technology portfolio for cell and gene therapy, protein biologics, and vaccines. His expertise aims to address challenges in the growing market for next-generation therapies. The appointment is effective March 16, 2022, signaling a strategic move to accelerate Gamma's growth and innovation in the bioprocessing industry.
KKR has announced the final closing of its $17 billion KKR Global Infrastructure Investors IV fund, targeting investment opportunities primarily in OECD countries, particularly in North America and Western Europe. This fund comes amid a rising demand for private infrastructure investment across sectors such as digital communications and energy transition. KKR is contributing $1 billion in capital alongside a diverse group of global investors. The firm aims to leverage its experience and strategy to achieve attractive risk-adjusted returns while managing significant growth in the infrastructure sector.
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.