KKR
KKR is a leading global investment firm that offers alternative asset management, capital markets, and insurance solutions. It aims to generate attractive investment returns through a patient and disciplined approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets, and has strategic partners that manage hedge funds. As of December 31, 2021, the firm had completed more than 650 private equity investments in portfolio companies with a total enterprise value of approximately $675 billion, and assets under management of $471 billion.
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Securitize Appoints Former IMF Representative to Its Board
Odaily News Securitize announced the appointment of investor, Blackstone advisor, and former International Monetary Fund (IMF) board member Sunil Sabharwal to its board. Sunil Sabharwal served as the U.S. representative to the IMF, confirmed by the U.S. Senate, from 2016 to 2018, for which he received the U.S. Department of the Treasury's Distinguished Service Award. He currently serves on the boards of Thunes and TookiTaki, and previously served as Chairman of payment companies Earthport and Ogone, which were acquired by Visa and Ingenico, respectively. Since 2021, he has served as an advisor and operating partner for the Blackstone Growth Equity Fund.Securitize currently manages over $4 billion in on-chain assets, including the BlackRock BUIDL Fund and tokenized products from institutions such as Apollo, BNY, Hamilton Lane, KKR, and VanEck. The company reached an acquisition agreement with a Cantor Fitzgerald affiliate last October, valuing Securitize at $1 billion. The merged company is set to list on Nasdaq under the ticker symbol CEPT.
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KKR Acquires $820 Million Convertible Bonds of Samsung SDS, a Subsidiary of Samsung
According to CNBC, investment firm KKR announced a definitive agreement with Samsung SDS—the blockchain and IT financial services provider under Samsung—to acquire newly issued convertible bonds worth 1.22 trillion Korean won (approximately $820 million). Samsung SDS launched its Digital Transformation Experience Service in 2020, including a blockchain platform, and jointly developed a blockchain-powered certification service with Shinhan Bank. It also served as the technical advisor for the Bank of Korea’s central bank digital currency (CBDC) pilot project. KKR will provide Samsung SDS with advisory services in mergers and acquisitions, capital allocation, AI products, and global expansion, as well as accelerate investments in AI infrastructure.