Latest news with #HenryKravis
Business Wire
a day ago
- Business
- Business Wire
Basic Capital Closes $25 Million Series A Funding Round Led by Forerunner and Lux Capital
NEW YORK--(BUSINESS WIRE)--Basic Capital, a 401(k) platform that offers an innovative financing option to help workers achieve their retirement goals, announced the successful closing of its $25 million Series A funding round led by Forerunner and Lux Capital, with participation from existing investors SV Angel, Box Group and financial luminaries including Henry Kravis. New investors included HOF Capital and Inspired Capital. Basic Capital is the first and only 401(k) platform that allows participants to finance assets and offers access to alternative investments. This significant investment will accelerate the company's expansion efforts, allowing Basic Capital to modernize and enhance 401(k) offerings for employers and employees. "The engine of 401(k)s has not been significantly upgraded in 40 years,' said Abdul Al-Asaad, Founder and CEO of Basic Capital. 'This new investment into Basic Capital, alongside policy changes emerging from Washington, D.C., represents a huge win for American workers as retirement plans get brought into the 21st century.' Basic Capital plans to use the funding to accelerate the adoption of its 401(k) solution among employers and continue building out its team. The company partners with employers to offer its 401(k) platform and offers individual IRA plans, with the goal of scaling to serve significantly more retirement savers across both product lines. 'American innovation has generated extraordinary financial prosperity,' said Peter Hebert, Co-Founder & Partner, Lux Capital. 'But historically, federal regulation has prevented millions of American workers from accessing opportunities to build wealth. The Basic Capital team has developed a novel solution to help everyday Americans finance investment, rather than consumption.' About Basic Capital Basic Capital is a full-stack retirement platform that amplifies retirement investments by providing financing within IRAs and 401(k)s. The company offers $4 of financing for every $1 contributed, giving investors 5x the investing power in diversified portfolios designed for long-term growth About Forerunner Forerunner is a venture capital firm focused on the modern consumer. The firm invests at the intersection of shifting behavior and emerging technology, backing changemakers building category-defining companies across health and wellness, commerce, personal finance, career and learning, productivity and empowerment, social and entertainment, and resilience. Founded in 2012 and based in San Francisco, Forerunner has raised nearly $3 billion in assets under management to date. About Lux Capital Lux Capital is a venture firm based in New York City and Silicon Valley with more than $5 billion under management. It invests in counter-conventional, seed, and early-stage science and technology ventures. For more information about Basic Capital, visit .
Yahoo
06-08-2025
- Business
- Yahoo
She got a job with KKR after being rejected by Henry Kravis. Here's how.
KKR's Alisa Wood runs a top division at the buyout giant KKR. She applied to work at the company in 2003, and KKR cofounder Henry Kravis turned her down. Wood ended up scoring another job interview. Here's how. We all know the feeling of getting a rejection letter from HR: Sorry, you're not the right fit, but thanks for applying. It just usually doesn't come from the CEO. Curiously, that's what happened to Alisa Wood, a top partner at the private equity giant KKR, when she applied to work for the investment giant more than twenty years ago. Wood received one of those rejection letters — only it wasn't signed by HR, but by Henry Kravis, the company's cofounder and then-chief executive. In a new video for Business Insider, Wood recalled the harrowing incident—and how she bounced back, ultimately scoring an offer and igniting her career. It was 2003, and Wood, who holds a bachelor's degree and an MBA from Columbia University, recalled facing the prospect of paying down significant student loans. Despite not having studied business, Wood chose to pursue a career in finance, hoping the field would enable her to pay off the debt by age 30. She applied to KKR, sending in a "blind résumé and a pitch book, which said, 'Here's why you should hire me, and here's how you can think about private equity differently,'" she recalled in the video. Then she got the letter from Kravis, who remains the investment firm's co-executive chairman. Wood shared a copy of the letter with Business Insider. It read: "I regret there are no executive positions available within the KKR portfolio of companies at this time." About 24 to 48 hours later, however, her fortunes changed. Another KKR partner contacted her and asked her to come in for a meeting. What did the trick? "I clearly sent it to a few people," Wood said of her application package—a lesson that you miss all the shots you don't take. It's a good thing, too. Today, Wood is the co-CEO of KKR Private Equity Conglomerate, LLC, one of the firm's flagship private equity vehicles. Beyond this anecdote, Wood opened up about how to succeed at KKR, at work, and as a mom. "There were going to be days that I was a great KKR partner, and there were going to be days that I was a great mom. And most likely, those two things never happened on the same day," she said. "And that was ok." She talked about the "taxi driver test"—e.g., being polite to whomever you come into contact with—and a memory in which her young daughter shared in a FaceTime call how she planned to travel overseas to go buy companies, just like her mom. Wood says she felt pride. Looking back, Wood confessed that she wasn't sure why she kept Kravis' rejection letter all this time. Perhaps it serves as a reminder of how far she's come. At the very least, it offers the chance for a laugh. Read the original article on Business Insider
Yahoo
02-07-2025
- Business
- Yahoo
KKR Insiders Sold US$296m Of Shares Suggesting Hesitancy
Over the past year, many KKR & Co. Inc. (NYSE:KKR) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Over the last year, we can see that the biggest insider sale was by the Co-Founder & Executive Co-Chairman, Henry Kravis, for US$154m worth of shares, at about US$122 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$132. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 1.6% of Henry Kravis's holding. Over the last year, we can see that insiders have bought 48.25k shares worth US$5.6m. But insiders sold 2.47m shares worth US$296m. In total, KKR insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! See our latest analysis for KKR If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar). Over the last three months, we've seen notably more insider selling, than insider buying, at KKR. We note insiders cashed in US$296m worth of shares. Meanwhile insiders bought US$5.6m worth , as we said above . Because the selling vastly outweighs the buying, we'd say this is a somewhat bearish sign. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that KKR insiders own 23% of the company, worth about US$28b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. The stark truth for KKR is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 2 warning signs for KKR you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
KKR Insiders Sold US$296m Of Shares Suggesting Hesitancy
Over the past year, many KKR & Co. Inc. (NYSE:KKR) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Over the last year, we can see that the biggest insider sale was by the Co-Founder & Executive Co-Chairman, Henry Kravis, for US$154m worth of shares, at about US$122 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$132. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 1.6% of Henry Kravis's holding. Over the last year, we can see that insiders have bought 48.25k shares worth US$5.6m. But insiders sold 2.47m shares worth US$296m. In total, KKR insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! See our latest analysis for KKR If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar). Over the last three months, we've seen notably more insider selling, than insider buying, at KKR. We note insiders cashed in US$296m worth of shares. Meanwhile insiders bought US$5.6m worth , as we said above . Because the selling vastly outweighs the buying, we'd say this is a somewhat bearish sign. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that KKR insiders own 23% of the company, worth about US$28b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. The stark truth for KKR is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 2 warning signs for KKR you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
23-06-2025
- Business
- Yahoo
Buyout giant KKR hit with double defeat in bid battles
US buyout giant KKR has been dealt a double blow after losing out in bidding wars for two British companies. The private equity firm confirmed on Monday it had been trumped in its pursuit of high-tech instruments maker Spectris as the company instead opted for a rival £4.4bn bid from Advent. This came after a KKR-led bid for Assura, the owner of hundreds of GP practices across the UK, was also rejected by the board in favour of a separate offer from listed fund PHP. It marks a rare setback for the New York-based buyout firm, whose staff were once dubbed 'barbarians at the gates' for their aggressive culture. KKR's wide-ranging takeover attempts in Britain also led to it being named as the preferred bidder for troubled utility giant Thames Water. However, it abandoned a £4bn rescue bid earlier this month amid a row over fines and executive bonuses. The private equity firm was founded in 1976 by Jerome Kohlberg, Henry Kravis and George Roberts with initial funding of $120,000 (£88,900) Its assets under management now total $638bn, according to figures from the end of last year. This includes a range of investments in the UK, including utility giant Northumbrian Water, PR firm FGS Global and festival operator Superstruct. KKR is one of a number of private equity deals circling British companies amid an exodus from the London Stock Exchange. But the buyout firm has been stymied in several of its recent efforts as competition for UK takeovers grows. Spectris, which makes instruments and software for use in industries such as pharmaceuticals, said it had agreed a £4.4bn takeover by Advent International, which it said was 'fair and reasonable'. The FTSE 250 company had previously rejected two initial offers from KKR. KKR on Monday said that while it had not made a revised proposal, it was in the 'advanced stages of due diligence and arranging financing commitments' and could still do so. KKR's failed swoop for Assura comes after the NHS landlord recommended a £1.7bn bid tabled by the private equity firm alongside US infrastructure investor Stonepeak. But the approach sparked a backlash from major Assura investors amid concerns the company would be taken off the stock market at too low a price. Assura's board had previously said that the KKR bid offered 'materially less risk' than that of PHP. But it rowed back on Monday, saying PHP's fresh bid 'addressed some of the potential risks'. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
