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Against a background of increased legislative and regulatory scrutiny of companies sustainability practices, investor pressure is emerging as another important driver of environmental, social and governance (ESG) action, particularly for reinsurers, new research from
AM Best suggests.
In a recent AM Best survey of Europe- and Asia Pacific-based (re)insurance companies, all the listed reinsurers that participated – including five of the 10 largest reinsurance carriers by non-life gross written premium – reported investors were the most (or second most) important source of pressure to consider ESG risks and opportunities. At the same time, major institutional investors are publicly upping pressure on their invested companies, including the largest reinsurers, to do more to manage climate risk.
Against a background of increased legislative and regulatory scrutiny of companies' sustainability practices, investor pressure is emerging as another important driver of environmental, social and governance
ChinaKKR raises $15 bln in Asia s biggest fund as buyout-backed deals rise
Reuters
2 minute read
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid
Private equity powerhouse KKR & Co (KKR.N) said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region s biggest private equity fund at a time when buyout-backed deals are on the rise.
U.S.-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources familiar with the situation have said previously.
KKR acquires New Zealand’s Natural Pet Food Group through Asian fund
Photo: Fernando Jorge/ Unsplash.com
May 3, 2021
Private equity giant KKR & Co announced that it has acquired New Zealand-based premium pet food company Natural Pet Food Group for an undisclosed amount.
The acquisition will be funded by KKR Asian Fund IV, the PE firm’s $15-billion Asia-focused buyout fund.
Natural Pet Food Group CEO Neil Hinton said the acquisition will allow the company to grow internationally, develop new products, and take its brands to new customers and new markets.
Launched in 2006, the company sells pet food through its dog and cat brands K9 Natural, Feline Natural, and Meat Mates. The company’s pet food is produced from grass-fed and free-range meat, cage-free chicken, and sustainable seafood.
Through Asian Fund IV, KKR would plan to pursue opportunities stemming from rising consumption and urbanization trends, as well as corporate carve-outs, spin-offs, and consolidation as companies look to optimize their portfolios, a strategy led by a team of approximately 70 investment professionals based in eight offices across six major Asia Pacific markets.
Earlier this year, KKR announced the final closings of its inaugural pan-regional infrastructure and real estate funds – the US$3.9 billion Asia Pacific Infrastructure Investors fund and US$1.7 billion Asia Real Estate Partners fund.
“The opportunity for private equity investment across Asia Pacific is phenomenal. While each market is unique, the long-term fundamentals underpinning the region’s growth are consistent – the demand for consumption upgrades, a fast-growing middle class, rising urbanization, and technological disruption.