Two new battery energy storage projects will enhance California’s grid reliability with additional flexible resource capacity for integrating intermittent renewable energy into the grid.
Exclusive: KKR raises $18.5 billion for flagship North America buyout fund - sources
By Chibuike Oguh
Reuters
(Reuters) - KKR & Co Inc has amassed about $18.5 billion for its latest flagship North America private equity fund, raising its biggest-ever fund in less than five months, people familiar with the matter said on Monday.
The fundraising wrapped up quickly by industry standards, given that many buyout funds can take a year or more to raise. It also happened with limited travel among KKR executives amid the COVID-19 pandemic, underscoring investor demand for private-equity funds that promise to outperform the booming stock market.
KKR raised about $17 billion for KKR North America Fund XIII from investors including sovereign wealth funds, family offices and public and private pension funds, the sources said. An additional $1.5 billion has been committed to the fund by KKR and its employees, the sources added.
KKR earnings surge 63% on strong capital market business - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Industry Veteran Mike Ebmeier Joins Simplicity Group as Executive Vice President to Grow Strategic Distribution
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SUMMIT, N.J., May 4, 2021 /PRNewswire/ Simplicity Group Holdings ( Simplicity ) is pleased to announce that Mike Ebmeier has joined the company as Executive Vice President. Mr. Ebmeier will help drive strategic growth in various distribution channels, including annuities and various other insurance products, develop carrier partnerships, advance proprietary product designs, and enhance product marketing. Mr. Ebmeier brings 34 years of experience in annuity, life insurance, and LTC benefit product sales, annuity product design, and product marketing and distribution in the independent financial services industry.
Exclusive: KKR raises $18 5 billion for flagship North America buyout fund - sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.