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 reported significant monetization activities for the period from April 1 to June 24, 2021, achieving over $900 million in gross realized carried interest and investment income. Approximately 65% of this amount is attributed to carried interest, while 35% pertains to realized investment income, driven by strategic sales and dividends. However, this estimate does not predict total revenues for the quarter or the full year, as it excludes other income sources.
Education Perfect (EP), a leading edtech company in Australia and New Zealand, has signed definitive agreements for a majority acquisition by global investment firm KKR and private equity firm Five V Capital. This investment from KKR’s Global Impact Fund aims to enhance EP's growth in providing accessible education solutions and aligns with the United Nations Sustainable Development Goals. EP serves over 1 million students globally and has experienced significant revenue and earnings growth. KKR plans to leverage its expertise to expand EP's international presence and improve educational outcomes.
KKR has announced a definitive agreement to acquire a majority stake in Vini Cosmetics for approximately US$625 million (INR46 billion). The co-founders, Darshan and Dipam Patel, will maintain significant stakes and roles in the company post-transaction. Founded in 2010, Vini is a leading personal care brand in India with products sold in over 50 countries. KKR's investment is part of its Asian Fund IV, reflecting its commitment to supporting India's innovative companies. The deal is expected to close in July 2021, pending customary conditions.
KKR & Co. Inc. (NYSE: KKR) announced the appointment of Adriane Brown to its Board of Directors, increasing the number of independent directors to ten out of fourteen board seats. Ms. Brown is the Managing Partner of Flying Fish Partners, a venture capital firm focused on AI and machine learning startups in the Pacific Northwest. This addition is expected to enhance the board's expertise and governance, aligning with KKR’s strategy of fostering growth through world-class leadership.
Burning Glass Technologies is merging with Emsi to form a leading labor market analytics firm, with KKR making a follow-on investment in the combined entity. Strada Education Network will exit its investment. The merger aims to provide powerful insights into the labor market, combining real-time job data and government analytics. The newly formed company, named Emsi Burning Glass, will be led by Burning Glass CEO Matt Sigelman. KKR's investment reflects a focus on advancing the United Nations Sustainable Development Goals related to quality education and decent work.
KKR has launched AV AirFinance Limited, a commercial aviation loan servicer, with expertise in structuring commercial aircraft loans. This new platform aims to offer innovative financing solutions to the aviation sector, supported by a nearly $800 million loan portfolio acquired from CIT Group, consisting of over 50 loans for approximately 60 commercial aircraft. Led by industry veteran Siggi Kristinsson, AV AirFinance is positioned to meet the growing demand for flexible financing solutions in the commercial aviation market.
CIT Group Inc. has agreed to sell its aviation loan portfolio, valued at nearly $800 million, to KKR. The portfolio comprises over 50 loans for approximately 60 commercial aircraft, featuring an average yield in the mid-single digits and an average remaining term of about four years. The transaction will facilitate CIT's exit from its aircraft lending business and allow it to refocus on core sectors. AV AirFinance will service the loans, leveraging its aviation expertise. Completion of the transfer is anticipated by the end of Q2 2021.
Jet Edge International announced a partnership with KKR, securing a credit facility of up to $150 million to enhance its infrastructure and digital initiatives. The funding will facilitate the launch of the AdvantEdge charter management platform, aiming to improve financial predictability in private aviation. This program features three tiers—EDGE 250+, EDGE 500+, and EDGE 900—offering aircraft owners dedicated blocks of charter hours. Jet Edge also aims to expand its client services and marketing efforts with the new capital.
KKR & Co. (NYSE: KKR) has announced that Ralph F. Rosenberg, Global Head of KKR Real Estate, will speak at the Morgan Stanley US Financials, Payments & CRE Conference on June 16, 2021, at 12:30 PM ET. Investors can access a live audio webcast on KKR's Investor Center. A replay will be available shortly after the event. KKR is a prominent global investment firm focused on alternative asset management and capital markets solutions, aiming for attractive investment returns through disciplined strategies and portfolio support.
Optiv Security has been recognized as the top pure-play security solutions integrator in CRN’s 2021 Solution Provider 500 for the fifth consecutive year. This annual ranking evaluates North America’s top integrators and service providers based on services revenue. David Martin, Optiv's chief services officer, credited the award to their commitment to helping clients navigate challenging cybersecurity landscapes. The CRN SP500 list is a standard for identifying top-performing technology integrators, enhancing Optiv's reputation in the cybersecurity market.