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 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.
KKR & Co. Inc. (NYSE: KKR) has announced its fourth quarter and full year 2021 results, which can be viewed on their Investor Center website. A conference call will take place today, February 8, 2022, at 10:00 a.m. ET to discuss these financial results. Interested parties can access the call via phone or livestream. KKR is a global investment firm specializing in alternative asset management, credit, and insurance solutions, focusing on generating attractive investment returns and supporting portfolio growth.
Livspace, a leading omni-channel home interior platform in Asia, announced a US$180 million Series F funding round with KKR as the lead investor. Existing investors, including Ingka Group Investments and Jungle Ventures, also participated. Livspace aims to scale its business significantly in India and Singapore, intending to double down on brand building and technology development. Recently, it acquired a majority stake in Qanvast, enhancing its service offerings. This investment aligns with KKR's strategy to support tech-enabled growth in Asia.
Kilter Finance has announced a $40 million investment in Best Practices Medical Partners LLC (BPMP). This capital will primarily enhance BPMP's risk retention group, Applied Medico-Legal Solutions Risk Retention Group, Inc. (AMS RRG), which recently received an A- rating from AM Best. The funding aims to increase AMS RRG's surplus and support strategic initiatives in their medical professional liability insurance business. Kilter Finance, backed by KKR, has previously committed $200 million to various businesses across the UK and USA.
Resource Environmental Solutions (RES), the largest ecological restoration company in the U.S., has secured a significant investment from Onex Partners V and KKR to fuel its growth. With a fund value of $7.2 billion, this partnership aims to expand RES's capabilities in environmental mitigation, stormwater management, and climate resilience. The transaction, expected to close in Q1 subject to regulatory approvals, positions RES for enhanced market reach and product line diversification, focusing on coastal resilience and carbon solutions.
FS KKR Capital Corp. (NYSE: FSK) plans to release its fourth quarter and full year 2021 results on February 28, 2022, after market close. A conference call to discuss these results will take place on March 1, 2022, at 9:00 a.m. ET. Interested participants can join by dialing (833) 818-6808 with conference ID 6349774. The call will also be accessible via webcast from FSK's website. An investor presentation will be available post-market close on February 28. FSK focuses on providing customized credit solutions to private middle market U.S. companies.
CyrusOne Inc. (NASDAQ: CONE) announced that its stockholders approved the merger with funds managed by KKR and Global Infrastructure Partners. The merger received 78.41% approval from common stock entitled to vote, with over 99.5% of votes cast in favor. Upon closing, shareholders will receive $90.50 per share in a transaction valued at approximately $15 billion, including debt. The merger is expected to close in Q2 2022, subject to customary conditions.
KKR has entered a definitive agreement to invest significantly in PlayOn! Sports, a leader in high school sports media and technology, alongside existing shareholder Panoramic Ventures. This partnership aims to enhance PlayOn’s offerings for high school athletes and their fans across the U.S. Approximately 8,000 high schools are currently engaged with this platform, which promotes revenue generation for participating institutions. The investment transaction is expected to close in Q1 2022, contingent on customary conditions.
KKR Income Opportunities Fund (NYSE: KIO) has announced monthly distributions of $0.105 per common share for February, March, and April 2022. The distributions equate to an annualized rate of 6.30% based on the IPO price of $20.00 and 8.07% based on the current price of $15.62. Important dates include ex-dates on February 10, March 10, and April 14, with payable dates at the end of each respective month. Investors should be aware that these distributions may not solely consist of net investment income.