Profile: KKR & Co LP (KKR.N)
21 Jul 2017
KKR & CO. L.P. (KKR), incorporated on June 25, 2007, is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company's business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties. The Company conducts its business with offices across the world, providing it with a global platform for sourcing transactions, raising capital and carrying out capital markets activities. Through KKR's Private Markets segment, KKR manages and sponsors a group of private equity funds and co-investment vehicles. The Company operates through four segments: Private Markets, Public Markets, Capital Markets and Principal Activities.
Through KKR's Private Markets segment, KKR manages and sponsors a group of private equity funds and co-investment vehicles, including growth equity funds, which invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. KKR also manages and sponsors a group of funds and co-investment vehicles that invest capital in real assets, such as infrastructure, energy, real estate and growth equity. These funds, vehicles and accounts are managed by Kohlberg Kravis Roberts & Co. L.P. As of December 31, 2016, its private equity portfolio consisted of 119 companies.
The Company operates and reports its combined credit and hedge funds businesses through the Public Markets segment. Its credit business advises funds, collateralized loan obligations (CLOs), separately managed accounts, and investment companies, including business development companies (BDCs), and alternative investments funds (AIFs), which invest capital in leveraged credit strategies, including leveraged loans, high yield bonds and opportunistic credit, and alternative credit strategies, including special situations strategy and private credit strategies, such as private credit opportunities, direct lending and revolving credit investment strategies. The funds, accounts, registered investment companies, BDCs and CLOs in its leveraged credit and alternative credit strategies, including special situations and private credit strategies are managed by KKR Credit Advisors (US) LLC. Through its hedge fund business, it offers a range of investment strategies, including customized hedge fund portfolios, hedge fund-of-fund solutions and direct hedge funds that are managed by Prisma Capital Partners LP.
The Capital Markets segment consists primarily of its global capital markets business. Its capital markets business supports its firm, its portfolio companies and third-party clients by developing and implementing both traditional and non-traditional capital solutions for investments or companies seeking financing. These services include arranging debt and equity financing for transactions, placing and underwriting securities offerings and providing other types of capital markets services. Its third party capital markets activities are generally carried out through MCS Capital Markets LLC, and non-bank financial companies (NBFCs), in India.
Through its Principal Activities segment, the Company manages the firm's assets and deploys capital. The Company uses its Principal Activities assets to support its investment management and capital markets businesses. It also deploys Principal Activities assets in order to help establish a track record for fundraising purposes in new strategies. The Company's Principal Activities assets also provide the required capital to fund its Capital Markets business when underwriting or syndicating securities, or when providing term loan commitments for transactions involving its portfolio companies and for third parties. It also makes investments through the Company's Principal Activities segment, which include co-investments alongside its Private Markets and Public Markets funds, as well as make Principal Activities investments that do not involve its Private Markets or Public Markets funds.
KKR & Co LP
9 W 57th St Ste 4200
NEW YORK NY 10019-2707
Company Web Links
- Exclusive: KKR nears deal to acquire WebMD - sources
- BRIEF-KKR, Altamar Capital partners, Deutsche finance and other investors to invest in Spanish residential sector
- Blackstone raising at least $3 billion in first Asia PE fund: sources
- UPDATE 1-Blackstone raising at least $3 bln in first Asia PE fund-sources
- Blackstone raising at least $3 bln in first Asia PE fund