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 acquired a 1.5 million square foot industrial distribution campus in Allentown, Pennsylvania, from GLP Capital Partners. The property, completed in 2019 and 2020, is fully leased to a quality tenant on a long-term basis. This acquisition enhances KKR's industrial real estate presence in Pennsylvania to over three million square feet. The location offers strategic access to major East Coast cities, supporting KKR's focus on high-demand distribution centers. KKR's real estate assets under management have grown to approximately $36 billion across the U.S., Europe, and Asia.
KKR has acquired Two Drydock from Skanska, with Synergy Investments partnering in the investment. This 13-story, 235,000-square-foot office building in Boston features ground-floor retail, parking, and outdoor space. The acquisition aims to strengthen KKR's portfolio in the Boston Seaport, a hub for technology and life sciences. The building is well-positioned for tenant demand, underlining KKR's commitment to high-quality real estate investments.
GreenCollar has announced a new partnership with the Ontario Teachers’ Pension Plan Board, enhancing its growth potential and commitment to environmental impact. This investment positions Ontario Teachers’ alongside KKR as a significant shareholder. Ontario Teachers’ manages approximately $227.7 billion in net assets and aims for net zero greenhouse gas emissions by 2050. GreenCollar focuses on environmental markets, enhancing its capabilities through recent acquisitions and partnerships, including projects in Australia and abroad to promote carbon farming and biodiversity.
KKR has launched Stellar Renewable Power, a platform aimed at developing and managing utility-scale solar energy projects. The initiative will focus on sourcing and acquiring early-stage solar assets and growing through greenfield development. Led by renewable energy expert Vijay Venkatachalam, who has experience in developing nearly seven gigawatts of solar capacity, Stellar plans to open offices in India and Dallas, Texas. Funding will be sourced from KKR's insurance accounts. KKR has invested over $5 billion globally in 49 Asset-Based Finance projects since 2016.
Global Atlantic Financial Group has appointed Manu Sareen as Co-President, effective immediately, alongside Rob Arena. Mr. Sareen, who will continue to lead the Institutional Markets business, brings a successful track record to the role, having executed over $20 billion in transactions in the past year and expanded operations into Asia. The move aims to reinforce the strategic importance of both Institutional and Individual Markets within the company. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm.
KKR has announced the promotion of 18 individuals to Partner and 42 to Managing Director, effective January 1, 2022. This move recognizes their contributions and commitment to the firm's culture and mission. Co-CEOs Joe Bae and Scott Nuttall praised the promoted leaders for their roles in supporting clients and portfolio companies. The promotions span various sectors, including Private Equity, Credit & Markets, and Infrastructure, highlighting KKR's focus on growth and leadership development.
KKR & Co. Inc. (NYSE: KKR) has priced an offering of $750 million of its 3.250% Senior Notes due 2051. The notes will be fully guaranteed by KKR and its indirect subsidiary, KKR Group Finance Co. X LLC. Proceeds from the notes issuance will be utilized for general corporate purposes. The offering is directed at qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption.
KKR has appointed Mukul Chawla as Partner and Head of Growth Equity in Asia Pacific, effective December 9, 2021. Chawla will spearhead KKR’s investment strategy into high-growth sectors, enhancing its regional footprint in technology, healthcare, and fintech. His previous experience includes a notable tenure at Temasek, where he oversaw significant investments in companies like Airbnb and Xiaomi. Concurrently, Lucian Schönefelder transitions to KKR Advisor, focusing on next-generation technology strategies within the Asia-Pacific region.
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ReliaQuest announced a new funding round led by existing investor KKR, alongside Ten Eleven Ventures and FTV Capital, aimed at accelerating global expansion and development of the GreyMatter Open XDR platform. This follows a previous $300 million growth equity round in 2020. Key achievements include surpassing $100M in annual recurring revenue and doubling new customers year-over-year. The investment will enhance the technological capabilities of the GreyMatter platform, solidifying its market leadership.