Kim Kardashian launches private equity firm, with Kris Jenner as partner

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Kim Kardashian introduced Sept 7 she is branching into a brand new enterprise area with the launch of a private equity agency co-founded with a former partner at trade large Carlyle.

“I’m happy to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner,” Kardashian wrote on Twitter.

Kardashian stated her mom, Kris Jenner, would additionally serve as partner.

According to the brand new agency’s Instagram account, SKKY Partners will deal with investments in shopper and media firms in sectors together with “shopper merchandise, digital and e-commerce, shopper media, hospitality and luxurious.”

It is the newest of a sequence of enterprise ventures for megastar Kardashian, who got here to fame with the US actuality present Keeping Up With the Kardashians, which tracked the lives of her members of the family in Los Angeles.

The 41-year-old has steadily constructed her enterprise empire in recent times – most visibly with her attire and wonder manufacturers – and has a web value of US$1.8bil, in response to Forbes.

Jay Sammons, who in the summertime left his long-time position as head of shopper, media and retail at Carlyle – one of many prime private equity firms on this planet – advised The Wall Street Journal he approached Kardashian and her mom about launching the agency this yr.

Kardashian advised the Journal she preferred the thought of working intently with entrepreneurs to assist them develop their imaginative and prescient.

“The thrilling half is to sit down down with these founders and determine what their dream is,” Kardashian advised the paper, including the agency plans to make its first funding earlier than the tip of 2022.

“I need to assist what that’s, not change who they’re of their DNA, however simply assist and get them to a special degree.”

SKKY didn’t instantly reply to AFP’s request for remark. – AFP



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