Welcome to our dedicated page for Kkr & Co news (Ticker: KKR), a resource for investors and traders seeking the latest updates and insights on Kkr & Co stock.
KKR & Co. Inc. (NYSE: KKR) is a global investment firm active across alternative asset management, capital markets and insurance solutions, and its news flow reflects this breadth. Press releases describe KKR-sponsored funds investing in private equity, credit and real assets, alongside insurance subsidiaries that offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group.
Recent KKR news highlights activity in private credit, infrastructure, real estate, digital infrastructure and transportation. For example, KKR announced the completion of a fundraise for KKR Asia Credit Opportunities Fund II and related accounts, focused on privately originated performing credit investments in Asia Pacific. The firm also reported a strategic partnership with RWE to develop UK offshore wind projects, illustrating its participation in energy transition and renewables infrastructure.
Other releases describe additional equity commitments to a European data center platform, the acquisition of a large logistics facility in Korea, and a strategic partnership to build a European rail leasing platform through an investment in Green Mobility Partners. KKR also issues updates on monetization activity, earnings release dates and fund distribution announcements, such as those related to KKR Income Opportunities Fund.
Investors and observers using this news page can review KKR’s official announcements on transactions, fund launches, capital raises, governance developments and financial disclosures. The coverage provides context on how KKR’s funds and subsidiaries operate across private equity, credit, real assets and insurance, and how the firm positions itself in themes such as private credit, digital infrastructure and the energy transition.
KKR has announced the acquisition of five self-storage properties across Atlanta, Phoenix, and Orlando for approximately $92 million. These properties, totaling around 3,884 units, were acquired in separate transactions from two different sellers. The strategic locations in high-growth metropolitan areas are expected to strengthen KKR's presence in the self-storage sector, which is experiencing strong demand. This investment aligns with KKR's commitment to expanding its self-storage portfolio, enhancing its real estate assets under management, which have grown to approximately $32 billion.
KKR has entered a joint venture with Cornerstone Companies to acquire and develop a diversified portfolio of healthcare properties across the U.S. The initiative is seeded with the recapitalization of 25 properties, totaling 713,705 square feet, valued over $1 billion. The properties are leased to reputable healthcare systems and practices, establishing a strong foundation for future acquisitions. This partnership aims to enhance investment solutions and capitalize on KKR's extensive experience in healthcare and real estate.
KKR has agreed to sell Riata Corporate Park for over $300 million to a global institutional investor. The transaction is expected to close soon. Riata is an 688,100 square foot Class A office campus located in the Austin Technology Corridor, fully leased by reputable tenants, including public companies. Since acquiring Riata in December 2019, KKR has invested in property improvements and maintenance. KKR has significantly grown its real estate assets under management, reaching approximately $32 billion as of June 30, 2021.
A-Street Ventures announced its first strategic investment in Teaching Strategies, a leader in early childhood education tools, as part of KKR's acquisition of the company. The minority stake aims to enhance educational outcomes through innovative instructional materials. Teaching Strategies connects over 15 million children with resources aligned to improve learning experiences. A-Street plans to focus on various investment stages, targeting innovative K-12 solutions that promote social mobility through education.
KKR has announced a $40 million investment in Jet Edge International, a leader in private aviation. This follows KKR's earlier financing of $150 million this year. The investment aims to support Jet Edge's member program and expand its fleet, enhancing its technology and infrastructure.
Jet Edge is experiencing significant growth, reporting 1,800% year-on-year increase in new member acquisitions and over $100 million in membership deposits in the past year, reflecting strong demand in the private aviation market.
KKR & Co. Inc. (NYSE: KKR) announced that Eric Mogelof, Partner and Global Head of KKR’s Client & Partner Group, will present at the Barclays Global Financial Services Conference on September 14, 2021, at 10:30 AM ET. A live webcast will be available on the Investor Center section of KKR’s website, with a replay accessible shortly after the event for those unable to attend live. KKR is a leading global investment firm focusing on alternative asset management, with a disciplined approach to generate attractive investment returns.
KiotViet, a prominent platform for micro, small, and medium enterprises (MSMEs) in Vietnam, has secured US$45 million in Series B funding, spearheaded by KKR, a global investment firm. This investment aims to enhance KiotViet's offerings, including point-of-sale and inventory management services, to over 110,000 MSME customers. KiotViet serves a sector contributing to approximately 40% of Vietnam's economy and plans to expand its financial services. The funding emphasizes KKR's commitment to backing high-growth technology companies in Southeast Asia.
KKR has officially signed agreements to acquire Ritchies Transport Limited, a prominent transportation operator in New Zealand. This marks KKR's inaugural infrastructure investment in the country, aimed at enhancing local connectivity and supporting the growth of the public transport network. Founded in 1935, Ritchies operates over 1,600 vehicles nationwide. The Ritchie family will retain a stake in the company, with Andrew Ritchie stepping in as the new CEO following Glenn Ritchie's retirement.
The deal is pending customary approvals and completion is expected in four to five months.
KKR announced its first mezzanine loan investment through KKR Real Estate Select Trust Inc. (KREST) to refinance NEMA Chicago, an 800-unit luxury residential building. This property, built in 2019, features 76 stories and state-of-the-art amenities. The investment reflects KREST's strategy of targeting attractive yield through private real estate opportunities. With approximately $32 billion in real estate assets under management as of June 30, 2021, KKR continues to strengthen its position in the real estate market.
KKR has launched Strategic Lease Partners (SLP), a platform aimed at investing in a diversified portfolio of triple-net lease (NNN) real estate. The firm plans to acquire over $3 billion in assets, primarily from its credit and real estate funds. Veteran investors Andrés Dallal and Joseph Mastrocola will serve as Partners in SLP, focusing on sale-leaseback solutions for corporate tenants. The initiative aims to provide comprehensive real estate solutions, leveraging KKR's extensive capabilities in real estate, credit, and capital markets.