KKR Increases Stake in Altavair, Investing Over $5 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Strategic Partnership Deepening: KKR has announced an agreement to increase its ownership stake in Altavair and its sister company AV AirFinance, reinforcing a strategic partnership that has seen over $5 billion in commitments since 2018, highlighting KKR's long-term commitment to the aviation sector.
- Market Opportunity Capture: The investment from KKR will enable Altavair to meet the evolving fleet needs of airlines globally, indicating KKR's confidence in the aviation asset management space and is expected to enhance Altavair's ability to execute at scale within the aviation ecosystem.
- Executive Changes: To support Altavair's next phase of growth, Chief Commercial Officer Matthew Hoesley will be promoted to President & Chief Commercial Officer, indicating a strategic adjustment at the executive level to align with future development.
- Industry Resilience: KKR executives noted that commercial aircraft assets have shown high resilience across market cycles, with long-term demand and strong contractual protections expected to support Altavair's continued growth, further enhancing its competitive position in the aviation asset management market.
Analyst Views on KKR
Wall Street analysts forecast KKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KKR is 159.67 USD with a low forecast of 145.00 USD and a high forecast of 176.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 131.320
Low
145.00
Averages
159.67
High
176.00
Current: 131.320
Low
145.00
Averages
159.67
High
176.00
About KKR
KKR & Co. Inc. is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The Company’s segments include Asset Management, Insurance and Strategic Holdings. Asset Management segment offers a range of investment management services to investment funds, vehicles and accounts and provides capital markets services to portfolio companies and third parties. Asset Management segment includes five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets and Principal Activities. Insurance segment is operated by Global Atlantic, which is a United States retirement and life insurance company that provides a suite of protection, legacy and savings products and reinsurance solutions to clients across individual and institutional markets. Global Atlantic offers individuals fixed-rate annuities and others. Strategic Holdings segment represents its participation in its core private equity strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
