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.
On April 14, 2021, KKR announced a definitive agreement to acquire Ensono, a leading hybrid IT services provider, from Charlesbank Capital Partners and M/C Partners. This strategic investment follows Ensono's strong growth, including its recent acquisition of Amido, a cloud consultancy. The acquisition aims to leverage KKR's extensive resources to enhance Ensono's capabilities and expand its service offerings. The transaction is expected to close within 60 days, pending regulatory approvals, although financial details were not disclosed.
KKR, a global investment firm, has announced the addition of three experienced executives to its Global Infrastructure team. Tim Short and Benoit Allehaut join as Managing Directors, while Benjamin Droz is appointed as Principal, all focused on renewable energy investments in North America. The firm has committed approximately $19.5 billion in renewable assets over the last decade, managing over $27 billion in total infrastructure assets. The new appointments come from Capital Dynamics, where the trio had significant roles in clean energy investments totaling $14.5 billion.
KKR announced the appointment of Sasank Chary as a Managing Director in its financial services team, based in New York. Chary has over 15 years of experience in the financial services and technology sectors, previously working at Reverence Capital Partners and Sageview Capital. His role will focus on sourcing investments in financial technology and services. KKR aims to leverage Chary's expertise to expand investment capabilities in its financial services segment, which includes recent investments in various sectors including insurance and payments.
On April 7, 2021, KKR announced its agreement to acquire a majority interest in Therapy Brands, a leading software platform for mental and behavioral healthcare providers, from its existing shareholders including Lightyear Capital, Oak HC/FT, and Greater Sum Ventures. Therapy Brands serves over 28,000 practices across the U.S. with comprehensive practice management and EHR solutions. The deal aims to enhance the platform's growth and delivery of technology-enabled solutions amidst increasing demand for mental health services. Financial terms were not disclosed.
KKR has announced the final close of its KKR Asian Fund IV, raising US$15 billion for private equity investments in the Asia Pacific region. KKR is investing US$1.3 billion of its own capital alongside commitments from global investors. The fund aims to tap into growth opportunities driven by rising consumption, urbanization, and corporate realignments. With over US$30 billion in assets under management in Asia Pacific, this fund is the largest dedicated to the region, receiving strong support from both new and existing investors.
Sempra Energy has signed an agreement to sell a 20% interest in its new platform, Sempra Infrastructure Partners, to KKR for $3.37 billion. This values the platform at approximately $25.2 billion including debt. The deal aims to consolidate Sempra's infrastructure investments into a self-funding model, enhancing growth potential in cleaner energy markets in North America. Proceeds will support Sempra's $32 billion capital program and strengthen its balance sheet. The transaction is expected to close by mid-2021, pending regulatory approvals.
Seattle-based Urban Renaissance Group and KKR have announced the acquisition of the 300 Pine St building, a significant property in downtown Seattle. This mixed-use, 770,000 sq. ft. historic building will feature 85,000 sq. ft. of renovated retail space and 682,000 sq. ft. of fully-leased office space. The acquisition represents KKR's fourth investment in the Puget Sound area, aligning with their strategy focused on high-quality assets. This investment reflects confidence in Seattle’s market, which is characterized by a strong workforce and attractive living conditions.
KKR has acquired The Exchange, a 750,000-square-foot Class A office complex in San Francisco, for approximately $1 billion from Kilroy Realty Corporation. This acquisition aligns with KKR's core plus real estate strategy and emphasizes its commitment to the West Coast market. The property is fully leased to a major technology company and features modern lab-ready infrastructure. KKR's real estate assets under management have reached about $28 billion globally, indicating strong growth in this sector.
KKR & Co. Inc. (NYSE: KKR) will host a virtual investor day on April 13, 2021, starting at 8:30 am EDT. The event will feature presentations from KKR’s Co-Presidents Joe Bae and Scott Nuttall, along with CEO of Global Atlantic, Allan Levine, and CFO Rob Lewin. A live webcast will be available on KKR’s Investor Center webpage, along with presentation materials. For those unable to attend, a replay will be accessible shortly after the event.
KKR has acquired a five-building industrial portfolio in Phoenix, Arizona for $68 million, encompassing 540,000 square feet. The portfolio, fully leased and featuring an average clear height of 25 feet, enhances KKR's industrial presence in the region, bringing its total footprint to 2.5 million square feet. This acquisition marks KKR’s second in Phoenix for 2021, reflecting the continued positive demographic trends in the area. KKR has grown its real estate assets to approximately $28 billion globally since launching its dedicated platform in 2011.