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Kim KardashianThe latest businesses include helping consumers and media businesses.
The 41-year-old entrepreneur is working with Jay Chou SammonsThe former Carlyle Group partner will launch SKKY Partners, an equity firm that will focus on “control and minority investments in high-growth, market-leading consumer and media companies,” according to a post from the firm . Instagram page.
Sammons isn’t the only member of the private equity firm, however, as Kardashian’s mom, Kris Jenneralso took part in this adventure, which is not surprising because family always stick together. Jenner will serve as a partner in the firm.
Kardashian announced the equity firm on her Instagram, with a photo of her standing next to Sammons during the photoshoot, along with SKKY’s logo graphic.
“I am delighted to announce the @SKKYPartners Private equity veteran Jay Sammons as co-founder and co-managing partner, and @krisjenner Who will serve as a partner in our firm,” she wrote in the caption.
She continued: “Together, we hope to leverage our complementary expertise to build the next generation of consumer and media private equity firms. For more information, visit SKKY.com Follow us @skkypartners on social media. “
Jenner accepted her too Instagram Expressing her “very proud, honored and excited to be a part of it!”
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according to Wall Street JournalSKKY Partners will invest in various sectors including “Consumer Products, Hospitality, Luxury, Digital Commerce, Media, and Consumer Media and Entertainment businesses”.
Kardashian mentioned in an interview with the media that working with entrepreneurs to help them build their businesses was her inspiration for starting SKKY. “The exciting part is sitting down with these founders and figuring out what their dreams are,” she said, adding, “I want to support their dreams and not change who they are in their DNA, but just Support and enable them to achieve different levels.”
Wall Street The company has yet to make any investments, but will make its first investment by the end of the year, the report said. The former Carlyle investor and reality TV star also noted that they have yet to start fundraising, but plan to start raising money from institutional investors soon.
SKKY will be based in Boston, where Sammons currently lives, with another office in Los Angeles, where Kardashian is based. Wall Street According to reports, Sammons will Run day-to-day business operations.
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