The $700bn asset manager seeks to expand Global Atlantic’s footprint through insurer tie-ups in the UK and Europe.
KKR is in discussions with insurers across Europe to broaden its presence in the pension risk transfer market. The firm, which oversees $700bn in assets, is evaluating partnership models rather than outright acquisitions, differing from competitors’ strategies.
Sources indicate KKR has engaged with major UK life insurers and assessed potential joint ventures. The firm reportedly passed on a smaller venture with Standard Life, opting instead for larger-scale collaborations similar to L&G’s arrangement with Blackstone.
Potential deals may involve KKR deploying its own capital to support partner growth, reflecting ambitions to scale in the region over time.