来源：滚动播报 KKR联合创始人克拉维斯：将美联储政治化將是"巨大错误"。 ...

CVC Capital Partners is currently evaluating the possibility of purchasing a “majority” share of India-based Avendus Capital, a stake presently owned by KKR & Co, reported Bloomberg. The early-stage discussions involve a thorough assessment of Avendus' business operations and financial health. Bloomberg noted that “CVC could still walk away”, citing sources. This move by the Luxembourg-based alternative asset manager could potentially infuse Avendus with the global support required to increase its marke ...

Group 1 - KKR has acquired Hoken Minaoshi Hompo Group, a Japanese insurance distributor [1] - This acquisition is part of KKR's strategy to expand its presence in the Japanese insurance market [1] - The deal highlights the growing interest of foreign investors in Japan's insurance sector [1] Group 2 - Hoken Minaoshi Hompo Group specializes in providing insurance solutions and has a strong distribution network [1] - The acquisition is expected to enhance KKR's capabilities in offering insurance products to a broader customer base [1] - This move aligns with the increasing demand for insurance services in Japan, driven by demographic changes and economic factors [1]

Core Viewpoint - KKR is acquiring NewDay's portfolio of consumer credit receivables from Cinven and CVC Capital Partners, although financial terms of the transaction remain undisclosed [2] Group 1 - KKR is a publicly traded company listed on NYSE under the ticker KKR [2] - NewDay is a UK-based specialty finance company [2] - The acquisition involves consumer credit receivables, indicating a focus on the financial services sector [2] Group 2 - The sellers of the portfolio are private equity firms Cinven and CVC Capital Partners [2] - The transaction highlights ongoing consolidation in the specialty finance industry [2] - The portfolios will continue to operate under NewDay, suggesting a strategic retention of brand and operational structure post-acquisition [2]

Group 1 - The State Administration for Market Regulation announced the unconditional approval of several operator concentration cases from September 1 to September 7, 2025, including KKR's acquisition of a stake in Syngenta and Bain Capital's investment in KPCI Holdings Limited [1]

Core Viewpoint - KKR has successfully completed its tender offer for Topcon, indicating a strategic move to enhance its portfolio in the technology and healthcare sectors [1] Company Summary - KKR's tender offer for Topcon was aimed at acquiring a significant stake in the company, reflecting KKR's interest in expanding its investments in precision measurement and healthcare technology [1] - The completion of the tender offer signifies KKR's commitment to driving growth and innovation within Topcon, potentially leading to enhanced operational efficiencies and market competitiveness [1] Industry Summary - The acquisition aligns with broader trends in the investment landscape, where private equity firms are increasingly targeting technology and healthcare companies for their growth potential [1] - This move may influence market dynamics within the precision measurement and healthcare technology sectors, as KKR's involvement could lead to increased investment and development in these areas [1]

Core Insights - The shift of Asia private equity heads to Mumbai reflects a significant reordering of global capital flows, with seven global funds now having their Asia heads based in India, compared to none five years ago [1][19] - These funds collectively manage at least $100 billion in assets, indicating a strong interest in the Indian market as investment opportunities expand across various sectors [2][19] - India's private equity market has matured, with increased deal sizes, a deepened buyout market, and multiple exit avenues emerging over the years [2][19] Investment Trends - Blackstone has approximately $50 billion in private equity and real estate investments in India, identifying it as its best investment market globally, while KKR plans to invest an additional $10 billion in the country [9][19] - The country has captured nearly 41% of private equity capital inflows in emerging markets this year, surpassing China's 34%, highlighting India's growing importance in the private equity landscape [12][19] - Global general partners are raising Asia funds excluding China, allocating 50%-70% to Japan and India, reflecting a strategic pivot towards these markets [8][19] Market Dynamics - Key drivers for the shift towards India include family-owned companies willing to cede majority control, local capital markets capable of handling multi-billion-dollar deals, and an increase in local acquisitions by Indian firms [13][19] - Despite the positive outlook, high company valuations and challenges in the tech startup sector pose risks, with some startups facing significant devaluations [5][15][19] - US-India trade tensions, particularly the doubling of tariffs on goods, introduce uncertainty, potentially slowing capital deployment in the short term [5][16][19]

Group 1: Market Overview - Banks are trading at record highs, with Goldman Sachs and Bank of America reiterating an overweight position on Wells Fargo [1][2] - There is increased optimism around the deal market and M&A activity, with completed M&A transactions up 40% worldwide and 102% in North America year-to-date, totaling $2.7 trillion [3] Group 2: Private Equity Performance - Private equity stocks have underperformed recently, with Blue Owl down 9%, Apollo down 5.5%, and KKR down 2.5% over the past month [2] - There is a belief that private equity may have experienced a pull forward in valuations due to expectations of a deregulatory environment and lower capital costs [5] Group 3: Investment Strategy - Traditional banks are viewed as more compelling investments due to benefits from a steep yield curve and ongoing M&A activity, despite private equity being a fine sector [2][3] - There is an expectation of a significant rerating in bank stocks, suggesting a catch-up trade with private market stocks [4]

Core Focus of the Company - The company emphasizes its investment acumen, capital allocation, and access to differentiated cultural forms as key strengths [1] - A collaborative culture is highlighted as a significant aspect of the company's operations, with a unified compensation structure across the firm [1] Asset Management Business - The asset management business is nearing $700 billion in assets under management, showcasing a 49-year track record [2] - The company aims to leverage its core capabilities within the asset management franchise without the intention of being a one-size-fits-all provider [2]

KKR (NYSE:KKR) FY Conference September 08, 2025 02:45 PM ET Company ParticipantsRobert Lewin - CFOBenjamin Budish - DirectorBenjamin BudishGood afternoon, everyone. Thanks for joining us for this next session. I'm Ben Budish. I cover the U.S. brokers, asset managers, and exchanges here at Barclays. For this next chat from KKR, we've got CFO Rob Lewin. Rob, thanks so much for being here.Robert LewinBen, thanks for having me and having the team. Great turnout today.Benjamin BudishBefore we dive into the detai ...