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The Battle Of Two Goliaths: Ares Capital Vs. FS KKR, Update
Seeking Alpha· 2024-09-30 05:44
Core Insights - The article discusses the competitive landscape between Ares Capital and FS KKR, analyzing which company may emerge victorious in 2024 [1] Group 1: Company Profiles - Ares Capital and FS KKR are positioned as two major players in the financial management sector, with significant resources and strategies aimed at large-scale financing [1] - The author, Roberts Berzins, has extensive experience in financial management and has contributed to the development of financial strategies for top-tier corporates [1] Group 2: Market Context - The article highlights the importance of institutional frameworks, such as the REIT framework in Latvia, which aims to enhance liquidity in the pan-Baltic capital markets [1] - There is a focus on policy-level initiatives, including national SOE financing guidelines and frameworks to channel private capital into affordable housing [1]
FS KKR Capital: 14.2% Yield, Improving Credit Profile, Cheap (Upgrade)
Seeking Alpha· 2024-09-26 15:51
A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buyouts and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities. Analyst's Disclosure: I/we have a beneficial long position in the shares of FSK either through stock ownership, options, or other derivatives. I wrote this ...
FS KKR: The Best 14% Yield In Town
Seeking Alpha· 2024-09-22 12:40
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . The Fed recently cut interest rates by 50 basis points, in a move that is expected to be the start of a prolonged easing cycle, potentially resulting in a move to sub-3% rates in early 2027. I discussed this in a Analyst's Disclosure: I/we have no stock, option or similar deriv ...
KKR to Purchase of 11,619,998 Shares of BrightSpring Health Services Common Stock from Walgreens Boots Alliance
GlobeNewswire News Room· 2024-09-13 20:00
LOUISVILLE, Ky., Sept. 13, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced that investment funds managed by KKR & Co. Inc. and its subsidiaries (“KKR”), an existing shareholder of BrightSpring, have entered into an agreement with Walgreen Co. (“WBA”) to purchase 11,619,998 shares of BrightSpring’s common stock from WBA in a private transaction. The t ...
Ares Capital Corporation Vs. FS KKR: Only One Is A Buy
Seeking Alpha· 2024-09-12 11:21
MarsBars I last covered FS KKR Capital (NYSE:FSK) back in early March after the stock had dipped quite sharply. At the time, I asked and answered the question of whether it was worth buying the dip, and my conclusion was yes. Since then, the stock has returned 6.63% to shareholders, slightly outperforming the S&P 500, which delivered 5.48% over that period of time, thereby validating my buy call. In today's article, I am going to revisit the FSK thesis and compare it to the leading BDC sector blue chip, ...
SEI Investments Collaborates With KKR to Boost Alternative Investments
ZACKS· 2024-09-11 16:16
SEI Investments Co. (SEIC) announced the integration of investment vehicles from KKR & Co. Inc. (KKR) into its platform. This will enhance users’ accessibility to private markets. The platform is used by registered investment advisors, broker-dealers and other clients.Rationale Behind SEIC’s Strategic MoveSEIC platform’s technology integrates electronic subscription documents, proprietary firm paperwork, custodian forms and e-signature capabilities to facilitate quick and accurate processing of alternative ...
SEI Adds KKR to Alternative Investments Access Platform
Prnewswire· 2024-09-10 13:00
Core Insights - SEI has announced the integration of KKR's investment vehicles into its platform, enhancing access to private market investments for registered investment advisors and broker-dealers [1][3] - The demand for alternative investments is on the rise, with projections indicating a growth of $1.2 trillion in alternative assets over the next four years [2][4] - SEI's platform has processed over $4.3 billion in alternative transactions, indicating strong market activity and adoption [3] Industry Trends - 85% of wealth managers plan to increase allocations to alternative asset classes within the next year, highlighting a significant shift towards alternative investments [2] - Operational challenges, such as paperwork and administrative tasks, are seen as barriers to the adoption of alternative investments by 55% of wealth managers [2] Company Developments - SEI's alternatives platform is currently utilized by over 250 wealth management firms and 165 fund managers, showcasing its extensive reach in the market [3] - The acquisition of Altigo in December 2023 enhances SEI's technological capabilities in managing alternative investments, including inventory and reporting [3][5] - As of June 30, 2024, SEI manages, advises, or administers approximately $1.5 trillion in assets, reflecting its significant presence in the financial services industry [5]
KKR Real Estate Finance: The Preferreds Are A Buy At Their 7.7% Dividend Yield
Seeking Alpha· 2024-09-08 05:00
Walter Bibikow/DigitalVision via Getty Images KKR Real Estate Finance (NYSE:KREF) has seen its commons and preferreds (NYSE:KREF.PR.A) recover substantially from lows over the last few months since I last covered the mortgage REIT's portfolio. The preferreds are now trading for 84.6 cents on the dollar, a roughly 15.4% discount to their $25 per share liquidation value, and offer a 7.7% yield on cost against their $1.625 per share annual coupon. This discount should be closer to 90% as pending Fed rate c ...
KKR's Trillion-Dollar Playbook: How Shareholders Could Win Big
Seeking Alpha· 2024-09-03 20:50
Buena Vista Images Introduction Investments in a mushroom grower, a massive Tokyo Skyscraper, a private debt deal, and a Japanese multi-billion private equity deal are just four examples of operations the private equity giant KKR & Co. Inc. (KKR) is engaged in — just last month! I found these four examples in a search on Bloomberg that took me less than 30 seconds. I could have listed many more deals, as private equity and credit are booming again, making KKR and some of its peers high-performers on the ...
Healthcare Realty Trust Expands KKR Joint Venture
GlobeNewswire News Room· 2024-08-26 20:15
NASHVILLE, Tenn., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced it has contributed $118 million of additional properties to its joint venture with KKR, generating approximately $94 million of proceeds. The value of the JV is now approaching $500 million. The Company and KKR are continuing to explore additional acquisitions for the JV, including the potential contribution of more Healthcare Realty properties. As previously disclosed in July, the Company also ...