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 launched the Global Atlantic Foundation with a $10 million commitment, including a $1 million grant to the Accion Opportunity Fund (AOF). This initiative aims to enhance access to capital and support small businesses in under-invested communities, particularly in states where Global Atlantic operates. Allan Levine, CEO, emphasized community contribution as a core value. The foundation was proposed during Global Atlantic's acquisition by KKR in February 2021. AOF will use the grant to provide lending and business coaching, focusing on promoting entrepreneurship among historically underserved demographics.
KKR has appointed Todd Builione as the Global Head of Private Wealth, emphasizing its commitment to expanding access to alternative investment strategies for individual investors worldwide. This role includes overseeing KKR's private wealth distribution platform, enhancing relationships with financial advisors and institutions. KKR currently manages approximately $50 billion in private wealth assets, with aspirations for this to increase to 30-50% of annual fundraising in the coming years. The firm aims to make its investment strategies more accessible amid a growing trend towards alternatives.
KKR has announced a $45 million investment in GrowSari to lead its Series C funding round, aimed at expanding the B2B e-commerce platform's reach and financial services in the Philippines. GrowSari, operational since 2016, aids micro, small, and medium-sized enterprises (MSMEs), enhancing their service offerings and access to products. This move comes amid a reported 6.5x increase in gross merchandise value since 2019, showcasing the platform's growth potential, particularly as it aims for expansion into Visayas and Mindanao.
KKR & Co. Inc. (NYSE: KKR) will release its financial results for Q4 and the full year 2021 on February 8, 2022, before NYSE trading opens. A conference call will take place the same day at 10:00 a.m. ET, accessible via phone and webcast. Live broadcasts will be available later on KKR’s website. KKR is known for its alternative asset management and capital markets solutions, focusing on generating strong returns through a disciplined approach to investments.
Strategic Lease Partners (SLP), launched by KKR, closed six transactions in Q4 2021 worth $780 million. The platform targets $3 billion in net lease acquisitions, primarily from KKR's funds. Notable deals included a 20-property manufacturing portfolio leased to a global beverage company and a LEED Platinum office in Connecticut. The acquisitions total 5.4 million square feet with an average lease term of over 16 years. SLP focuses on enhancing value through sale-leaseback solutions across various industries.
KKR has acquired Merchants Mortgage Trust & Corporation (MMTC), specializing in short-term mortgage products for residential real estate investors. This investment, made through KKR's private credit funds, supports MMTC's growth and geographic expansion, enhancing its financing capabilities. MMTC, which originated over $500 million in loans in 2021, will retain its current management. The financial terms of the deal were not disclosed, but KKR aims to strengthen its Asset-Based Finance strategy by investing in MMTC's lending activities across growing U.S. markets.
Jet Edge International has raised $75 million in new funding from KKR, bringing total investments to approximately $265 million over the past year. This funding will be utilized to expand Jet Edge's fleet, which includes 20 new Gulfstream and Challenger aircraft set for delivery in the first half of 2022. Jet Edge has experienced a remarkable 1,800% year-on-year growth in new member acquisitions, bolstering its Reserve Membership program. KKR's continued investment underscores its confidence in Jet Edge's growth strategy and operations.
KKR Real Estate Select Trust Inc. has acquired over 1.9 million square feet of prime warehouse assets in the U.S., expanding its logistics real estate portfolio to approximately six million square feet. The new properties include a one million square foot warehouse in Charleston and a 923,000 square foot industrial park in Chicago, both fully leased. KKR emphasizes that investing in high-quality logistics properties aligns with their income-oriented strategy, leveraging their extensive experience in the sector.
KKR & Co. announced the appointment of Ryan Stork as Partner and Chief Operating Officer (COO). Having over 20 years of experience at BlackRock, where he was Deputy COO and led various teams, Stork's role aims to enhance operational functions to support KKR's global investment strategies. Joe Bae and Scott Nuttall, Co-CEOs, emphasized the importance of Stork’s leadership in driving the firm's strategic priorities. Stork expressed excitement about joining KKR during this transformative period.
KKR has successfully closed its KKR Health Care Strategic Growth Fund II, raising $4.0 billion to invest in health care growth equity opportunities in North America and Europe. This successor fund is nearly three times the size of its predecessor, which closed at $1.45 billion in November 2017. KKR aims to generate strong returns by partnering with innovative health care companies across sectors like biopharmaceuticals, medical devices, and health care IT. The firm has invested around $18 billion in the health care sector since 2004.