KKR, a global investment firm, announced that private credit funds and accounts managed by KKR have purchased a $373 million portfolio of prime auto loans from Synovus Bank. This investment aligns with KKR’s asset-based finance (ABF) strategy, which focuses on privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard…
PayPal Holdings, Inc. and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now, pay later (BNPL) loan receivables originated by PayPal in France, Germany, Italy, Spain, and the United Kingdom.…
KKR, a global investment firm, announced it has named Dan Pietrzak as Global Head of Private Credit. Most recently, Pietrzak served as Co-Head of Private Credit with Matthieu Boulanger, who is leaving to pursue other opportunities. “As traditional lenders pull back, scaled private credit investors have a real opportunity to provide capital to high quality…
KKR, a global investment firm, announced that it has agreed to invest $40 million in preferred equity in Jet Edge International (Jet Edge), 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. KKR is making the investment in Jet Edge through its credit funds…
KKR, a leading global investment firm, announced the appointments of Giacomo Picco and Stephanie Yeh as Managing Directors on the firm’s global private credit team based in New York. The new hires deepen KKR’s capabilities and reach within its private asset-based finance (“ABF”) investment strategy, with Picco leading a new effort focused on receivables and inventory financing and Yeh responsible for co-leading sourcing of ABF investment…