KKR Doubles Private Debt Deals to $80 Billion as AI Spending Explodes
KKR has expanded its private investment-grade financing business this year, with deal activity reaching more than twice last year’s level.
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Shares of UGI rally Tuesday afternoon following a Wall Street Journal report detailing a takeover bid.
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KKR has expanded its private investment-grade financing business this year, with deal activity reaching more than twice last year’s level.
Fortress Investment co-CEO Jack Neumark is warning private credit lenders not to chase AI infrastructure deals out of fear of missing out.
Realty Income will retain 51% ownership of a 54-property European net lease venture while KKR invests €528 million for 49%, with KKR's returns capped at 6.3%-6.5% IRR. The deal reflects Realty Income's shift toward private capital funding, with public equity comprising only 18% of first-half 2026 investments versus a historical 47% average. The company raised its 2026 investment guidance to $10 billion, and the venture is expected to close September 30.
Jefferies analyst Julien Dumoulin-Smith upgrades UGI (NYSE:UGI) from Hold to Buy and raises the price target from $40 to $43.
Warning for momentum investors: The RSI indicator shows that York Water and UGI Corp are overbought. Both stocks have seen recent gains and high RSI values.