KKR will acquire the remaining 37% stake of leading insurance company Global Atlantic, increasing KKR’s ownership to 100%. KKR will pay $2.7 billion for the stake in an all-cash transaction.
The overall year-to-date return rose to 8.12%, with almost three quarters (73.2%) of funds administered by the Citco group of companies (Citco)
achieving positive returns year-to-date.
Middle market private equity firm Kinderhook has closed a $1.3 billion continuation fund containing nine portfolio companies from the firm's third and fourth funds.