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☆ KKR Partner celebrates Pride Month
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKKR Partner celebrates Pride MonthKKR Partner Ken Mehlman says investing in diverse workforces leads to better performing companies.

Persons: Ken Mehlman Organizations: KKR, Pride

☆ KKR raises $2.8 billion for second global impact fund
▼ + stars: | 2023-11-05 | by ( Greg Roumeliotis | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 5 (Reuters) - Private equity firm KKR & Co Inc (KKR.N) has completed the raise of its second global impact fund dedicated to investments that advance sustainability and social equity, amassing $2.8 billion. To fall within the impact fund's scope, investments must advance one or more of the United Nations 17 sustainable development goals in a measurable way. The impact fund can invest in companies alongside KKR's other private equity funds, though in the majority of its investments it is the sole KKR fund participating. KKR's global impact team, which has grown from four people when it launched in 2018 to more than 20, so far has made 18 investments. "We target middle-market private equity returns in line with our other businesses," Antablin said.

Persons: Brendan McDermid, Ken Mehlman, Robert Antablin, Mehlman, Antablin, Greg Roumeliotis, Will Dunham Organizations: KKR, New York Stock Exchange, REUTERS, Co Inc, Reuters, United Nations, Systems, Alliance, Thomson Locations: New York, U.S, India

Chris Christie's presidential campaign will report raising $1.65 million in the second quarter, which included the former New Jersey governor's first 25 days in the 2024 campaign. “In 25 days, the Christie campaign is building a strong foundation with small-dollar donors, industry leaders and familiar faces in the Republican Party,” said adviser Maria Comella. In addition, the super PAC aligned with Christie, Tell It Like It Is PAC, said it raised nearly $5.9 million between the former governor's campaign announcement on June 6 and the close of the second quarter on June 30. The Christie campaign also highlighted a number of notable donors who have given support so far, including several — former Mississippi Gov. Haley Barbour and Kentucky Republican donors Kelly and Joe Craft — who have also given support to former Vice President Mike Pence.

Persons: Chris Christie's, “, Christie, ”, Maria Comella, Bill Palatucci, Haley Barbour, Kelly, Joe Craft —, Mike Pence, Ken Mehlman, Anthony Scaramucci, Adam Kinzinger, Henry Kravis, Tom MacArthur, Bobbie, Bill Kilberg Organizations: New Jersey governor's, Republican Party, Mississippi Gov, Republican National, Trump White House, Trump, First PAC, GOP, KKR Locations: New Jersey, Mississippi, Kentucky

☆ The messy, high-stakes world of private equity's fossil-fuel dilemma
▼ + stars: | 2023-04-20 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Most major private-investment firms are working to cut down on emissions their portfolio companies send into the atmosphere. It's also set targets to get three-quarters of its majority-owned power-and-energy portfolio companies' emissions that they generate directly and indirectly covered by Paris-aligned climate goals by 2025. A growing number of private-equity firms' pension-fund limited partners are under pressure themselves to either invest around environmental, social, and governance matters or shun investing through those lenses altogether. Firms' plans with their upstream investments tend to draw the most attention because they're involved in drilling for new oil and gas. If you're a private-equity firm and you continue to make new upstream investments, I don't believe you have a Paris-aligned plan.

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