KKR Closes $2.1B Asset-Based Finance Fund

KKR, a global investment firm, closed KKR Asset-Based Finance Partners (ABFP), KKR’s first fund of approximately $2.1 billion dedicated to asset-based finance investments.

July 14, 2022 Avi Korn | Chris Mellia | Dan Pietrzak | Kevin McMahon | KKR | Matthieu Boulanger | Varun Khanna Ian Koplin

Apollo Acquires Cardenas Markets from KKR

Apollo agreed to acquire Cardenas Markets, a grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a global investment firm.

June 14, 2022 Andrew Jhawar | Apollo | BMO Capital Markets | Cardenas Markets | Credit Suisse | Doug Sanders | Joanna Reiss | Kirkland & Ellis | KKR | Paul Weiss Rifkind Wharton & Garrison | Rabobank | Tony’s Fresh Market | Vishal Patel | wells fargo Ian Koplin

KKR Closes $19B North America Private Equity Fund

KKR closed KKR North America Fund XIII (NAX3), an over-subscribed $19 billion fund focused on pursuing opportunistic private equity investments in North America.

April 26, 2022 Alisa Amarosa Wood | KKR | Nate Taylor | Pete Stavros Ian Koplin

KKR Invests in Shriram General Insurance

KKR and Shriram General Insurance Company signed definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.

April 11, 2022 Anil Kumar Aggarwal | Gaurav Trehan | KKR | Shriram General Insurance Company Ian Koplin

KKR Provides $150MM Credit Facility to Bowery Farming

Bowery Farming, a vertical farming company, secured a $150 million credit facility led by private credit accounts managed by KKR.

January 13, 2022 Bowery Farming | Irving Fain | KKR | Michelle Hour Phil Neuffer

KKR Appoints Bae and Nuttall Co-CEOs

KKR appointed Joe Bae and Scott Nuttall co-CEOs of the company, with co-founders Henry Kravis and George Roberts set to remain actively involved as executive co-chairmen of KKR’s board of directors. The leadership transition is effective immediately.

October 11, 2021 George Roberts | Henry Kravis | Joe Bae | KKR | Scott Nuttall Ian Koplin

KKR Invests $40MM in Jet Edge International

KKR has agreed to invest $40 million in preferred equity in Jet Edge International an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States.

September 10, 2021 Bill Papariella | Jet Edge | KKR | Patrick Clancy Ian Koplin

Dallal and Mastrocola to Lead New Net Lease Investment Platform for KKR

KKR formed Strategic Lease Partners, a new platform to invest in a diversified portfolio of triple-net lease real estate. KKR’s investment will position the platform to acquire more than $3 billion in assets. Andrés Dallal and Joseph Mastrocola will join SLP as partners.

August 30, 2021 Andrés Dallal | Billy Butcher Jenny Box | Joseph Mastrocola | KKR | Strategic Lease Partners Phil Neuffer

J.P. Morgan Provides Financing to Support Hyatt Hotels’ Acquisition of Apple Leisure Group

Hyatt Hotels entered into a definitive agreement to acquire Apple Leisure Group from affiliates of KKR and KSL Capital Partners for $2.7 billion in cash. Hyatt secured a financing commitment from J.P. Morgan to help support the acquisition.

August 16, 2021 Apple Leisure Group | BDT & Company | Deutsche Bank Securities | Hyatt Hotels Corporation | J.P. Morgan | KKR | KSL Capital Partners | Latham & Watkins | Mark Hoplamazian | PJT Partners | Simpson Thacher & Bartlett Ian Koplin

KKR 2021 Mid-Year Macro Outlook Not the ‘Same as It Ever Was’

KKR released its 2021 mid-year outlook piece by Henry McVey, CIO of KKR’s Balance Sheet and head of Global Macro and Asset Allocation. The key message to investors is to get long pricing power and collateral-based cash flows.

July 22, 2021 Henry McVey | KKR Ian Koplin