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

KKR Adds Picco and Yeh to Private Credit Team

KKR appointed Giacomo Picco and Stephanie Yeh managing directors for the firm’s global private credit team based in New York. Picco will lead a new effort focused on receivables and inventory financing and Yeh will be responsible for co-leading sourcing of ABF investment opportunities in the U.S.

July 2, 2021 Dan Pietrzak | Giacomo Picco | KKR | Stephanie Yeh Ian Koplin

KKR Provides $150MM Credit Facility to Jet Edge International

Credit funds and accounts managed by KKR agreed to provide a credit facility of up to $150 million to Jet Edge International, a provider of full-service private aviation that operates a fleet of managed Challenger and Gulfstream aircraft in the United States.

June 9, 2021 Bill Papariella | Dan Pietrzak | Jet Edge International | KKR | Patrick Clancy Ian Koplin

J.P. Morgan, BofA, KKR Provide Debt Financing to Support Acquisition of Cloudera

Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR in an all-cash transaction valued at approximately $5.3 billion. J.P. Morgan, Bank of America and KKR Capital Markets committed to provide debt financing for the transaction.

June 1, 2021 BofA Securities | CD&R | Cloudera | Cowen | Debevoise & Plimpton | GCA Advisors | J.P. Morgan | Jeff Hawn | John Park | Kirkland & Ellis | KKR | Latham & Watkins | Perella Weinberg Partners | Rob Bearden | William Blair & Company Ian Koplin

Farr Joins Apollo as Senior Partner to Lead Capital Solutions Activities

Craig Farr joined Apollo Global Management as a senior partner to lead the firm’s capital solutions activities. In this newly created role, Farr will spearhead Apollo’s centralized origination, structuring and distribution platform.

May 18, 2021 Apollo Global Management | Carlyle | Citigroup Global Markets | Craig Farr | Howard Widra | Jim Zelter | KKR | MidCap Financial | North American Equity Capital Markets | Scott Kleinman Ian Koplin

KKR Appoints Lees and Piplapure to Global Private Credit Team

KKR appointed Jim Lees and Vaibhav Piplapure managing directors for its global private credit team to augment asset-based finance investing opportunities in the specialty lending and private asset-based finance markets.

April 1, 2021 Dan Pietrzak | Jim Lees | KKR | Matthieu Boulanger | Vaibhav Piplapure Ian Koplin

Sycamore, KKR and Blackstone Provide $225MM for Belk

Sycamore Partners, KKR, Blackstone Credit and other first lien term lenders delivered $225 million in new capital for Belk in the company’s restructuring support agreement.

January 28, 2021 Alvarez & Marsal | Belk | Blackstone Credit | Evercore | Kirkland & Ellis | KKR | Latham & Watkins | Lazard | O’Melveny & Myers | PJT | Sycamore Partners | Willkie Farr & Gallagher Phil Neuffer