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 two industrial distribution properties in Texas, spanning approximately 1.8 million square feet, for around $171 million. Located in Dallas and Houston, these state-of-the-art fulfillment centers were fully leased to investment-grade tenants. This acquisition expands KKR's industrial real estate portfolio to about 7.2 million square feet. The firm, managing approximately $14 billion in real estate AUM, aims to capitalize on the increasing demand for logistics real estate driven by online shopping trends.
KKR has announced the promotion of 26 new Managing Directors effective January 1, 2021. Co-Presidents Joe Bae and Scott Nuttall praised the senior leaders for their achievements and dedication to clients. The promotions span various sectors, including Technology, Real Estate, and Credit, across multiple locations including New York, London, and Hong Kong. KKR reaffirms its commitment to generating attractive returns by employing a disciplined investment approach and investing its capital alongside that of its investors.
KKR has launched the first round of grants from its $50 million Relief Fund to support small businesses and nonprofits impacted by COVID-19. The KKR Small Business Builders program awarded $10,000 each to 55 small business owners, with over 50% being minority-owned and 61% women-owned. Additionally, over $3 million was granted to 25 nonprofits globally addressing COVID-related challenges. The initiative aims to help businesses sustain operations and foster growth during these turbulent times. Applications for future rounds will open on January 4, 2021.
KKR & Co. Inc. (NYSE: KKR) announced that Scott C. Nuttall, Co-President and Co-Chief Operating Officer, will present at the Goldman Sachs US Financial Services Conference on December 8, 2020, at 1:00 PM ET. A live webcast of the presentation will be available on KKR’s Investor Center website. For those unable to join live, a replay will be accessible post-event. KKR is a global investment firm managing multiple asset classes, including private equity, credit, and real assets, aiming to generate attractive returns for its investors.
FS/KKR Advisor announced a merger between FS KKR Capital Corp (FSK) and FS KKR Capital Corp II (FSKR) on Nov. 24, 2020. This merger will create one of the largest business development companies in the U.S., with $14.9 billion in assets and $7.2 billion in net asset value. FSK will remain as the surviving entity on NYSE under the symbol 'FSK.' The merger aims to enhance market presence, reduce expenses, and increase capital access, projected to yield approximately $5 million in annual synergies. The transaction is expected to close in the second or third quarter of 2021.
KKR, a prominent global investment firm, has acquired four industrial distribution properties in the greater Atlanta area for approximately $136 million. The properties encompass 1.6 million square feet, including three last-mile distribution centers and one new fulfillment center leased to a high-quality tenant. This move is part of KKR's strategy to expand its industrial portfolio in high-growth markets like Atlanta, leveraging strong supply-demand fundamentals. KKR has over 18 million square feet of industrial properties across major U.S. metropolitan areas.
KKR has acquired an industrial distribution property in Phoenix for approximately $32 million, expanding its industrial footprint in the region to nearly two million square feet. The Class A facility, built in 2001, is fully leased to a high-quality tenant for about five and a half years. This acquisition, facilitated by Cohen Asset Management and brokered by Cushman & Wakefield, is part of KKR's strategy to diversify its real estate investments, targeting the growing demand for distribution centers due to increasing e-Commerce activities.
KKR announced its agreement to acquire Argenta, a prominent animal health-focused pharma services platform, from the Tomlinson Group, which will retain a significant ownership stake. Founded in 2006, Argenta is recognized for its comprehensive contract research and manufacturing services in animal health. KKR's investment aims to accelerate Argenta's growth and enhance its service offerings in the U.S. and Europe. Financial details remain undisclosed, and the acquisition is subject to regulatory approvals.
KKR has announced the formation of Zeus Health, a $100 million platform aimed at investing in emerging medical device companies, in collaboration with medical device veteran Duke Rohlen. This initiative builds on KKR's past successes with Rohlen, including investments in Spirox and Ajax Health, demonstrating KKR's commitment to advancing medical technologies. Funded through the Health Care Strategic Growth Fund, KKR has a strong track record with $14 billion invested in health care since 2004. The partnership aims to leverage Rohlen's expertise to bring innovative devices to market.
KKR has announced an investment in CMC Machinery, an Italy-based manufacturer of automated packaging solutions focused on sustainability. CMC, founded in 1980, specializes in innovative e-commerce 3D on-demand packaging technology that reduces material consumption. The Ponti family continues to lead the company, which employs around 200 people. This investment is part of KKR's Global Impact Fund strategy, aimed at contributing to the UN's Sustainable Development Goals, specifically responsible consumption and production. Financial details of the investment remain undisclosed.