fciwomenswrestling2.com Femcompetitor.com, grapplingstars.com, fciwomenswrestling.com, fcielitecompetitor.com -Harmony-Gerber-Shutterstock-photo-credit
October 21, 2023,
She has an amazing life and she can’t wait to get back to it.
Her mother said that.
The mom extraordinaire, known worldwide, Kris Jenner.
Kris Jenner is an American media personality, socialite, and businesswoman.
We always love the term Socialite, though we sense what it means varies from person to person.
Can’t resist. What is a Socialite?
A socialite is a person from a wealthy and (possibly) aristocratic background who is prominent in high society.
Okay, if there is High Society, are they saying there is Middle and Low Society?
We’re not even going to go there.
A socialite generally spends a significant amount of time attending various fashionable social gatherings, instead of having traditional employment.
Kris acted as executive producer for most of her family’s reality programs.
She loves and has participated in many Fashion Weeks.
Ms. Jenner has 6 children and twelve grandchildren.
That sounds like an amazing life to us.
So, if Kim is a major part of that life, and it appears that she is, then Kim must have an amazing life too.
And, it is about to get even better.
Regarding that amazing life, we know about her television, fashion and Social Media side, let’s gain more insight into her business side.
Along with being an American media personality and socialite (runs in the family), Kim is also a major player in the business world.
In April 2022, Kim founded Skky Partners, a private equity firm, with a former partner of the Carlyle Group. Her mother, Kris Jenner, is also a partner at the firm.
We don’t presume or assume to know what Skky Partners does. So let’s start with the basics.
What is a private equity firm?
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital.
More territory we have never walked in but we are starting to get the picture.
Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.
The informative business news and information source businesswire.com educates, “Kim Kardashian and private equity veteran Jay Sammons are pleased to announce the founding of private equity firm SKKY Partners. Capitalizing on the Founders’ collective experience investing in and building large scale consumer and media businesses, along with Kardashian’s global reach and unrivaled social influence, the firm will make both control and minority investments in growth-oriented, market-leading consumer and media companies.”
Makes sense.
A Socialite with unrivaled social influence.
The article adds, SKKY’s target sectors include consumer products, digital & e-commerce, consumer media & entertainment, hospitality and luxury.
Good to know.
The Kardashian family always appears to be exploring new frontiers.
When you have an amazing life, that is just what you do.
Time to keep up with Kim Kardashian and learn more about this important business venture.
Kim Kardashian Talks to Fortune About Building Her New Private Equity Fund to Invest in the Next Generation of Influential Businesses
News provided by
Fortune Media (USA) Corporation
04 Oct, 2023, 07:00 ET
Jay Sammons, former Caryle partner, and Kardashian’s co-founder of SKKY Partners, talks about getting their ambitious vision off the ground
“People have underestimated me…that’s what keeps me going.”
NEW YORK, Oct. 4, 2023 /PRNewswire/ — Kim Kardashian, entrepreneur, influencer, and one of the most famous women in the world, talks to Fortune in an exclusive new interview about the launch of her latest endeavor—SKKY Partners, a private equity fund—and the road she followed to get there.
Fortune got special access to Kardashian, co-founder of the mega-selling shapewear brand Skims, and her business partner Jay Sammons, a 16-year veteran of Carlyle, a top private equity firm, to talk about SKKY Partners and assembling a portfolio of companies that don’t have the built-in advantage of a famous last name. “People will really understand that this is a serious fund,” Kardashian tells Fortune’s senior writer Emma Hinchliffe, who also serves as a co-chair of Fortune’s upcoming Most Powerful Women Summit.
It wasn’t one “bright idea” moment but a “continuation of dialogue over the years,” Sammons says about the two teaming up. Kardashian has “capabilities that universally no other human being on Earth has,” he says. Sammons’s business proposal felt “intimidating—but not overwhelming,” says Kardashian. She ultimately trusted his vision for how her experience in consumer brands and his in investing could complement each other.
While the route for celebrities turned investors has mostly been concentrated in venture capital— the industry invites celebrities to place a bet on a founder, write a check, and hope for a payoff—Kardashian didn’t want to just invest and wish for the best. Instead, she’s seeking the more intense engagement that typically comes with being a private equity investor. “I wouldn’t be involved in anything if it wasn’t fully hands-on,” she tells Fortune. “There’s no other way.”
SKKY started fundraising in March, and is interested in areas in which Kardashian specializes, such as fashion and beauty, but it’s also considering other sectors like media, food and beverage, and hospitality. Kardashian tells Fortune that she’s interested in “authenticity,” and not a startup that resembles her own brands. “It’s not like they’re going to start working with my fund and all of a sudden their whole brand is nude and beige, like a Kim-branded company,” she says. Instead, she wants to show founders how to find their own niche that resonates with consumers.
They aim to make eight to 12 control or active minority investments over the next five years, focused on the North American market to start. They haven’t made their first investment yet, but they’ve narrowed in on a few prospects with support from senior advisers Kris Jenner and Angela Ahrendts, former Burberry CEO and Apple executive. “I’m an eight-to-10-year-out-plan kind of person, and I think it’s really important to have that patient mindset,” says Kardashian.
What is clear is that Kardashian is diving into her latest chapter full of confidence. “Maybe that’s part of my drive, always feeling like people have underestimated me; maybe that’s what keeps me going.”
The complete story can be found in Fortune’s 100 Most Powerful Women issue and online here.
About Fortune
FORTUNE upholds a legacy of award-winning writing and trusted reporting for executives who want to make business better. Independently owned, with a global perspective and digital agility, FORTUNE tells the stories of a new generation of innovators, builders, and risk takers. Online and in print, FORTUNE measures corporate performance through rigorous benchmarks, and holds companies accountable. FORTUNE creates communities by convening true thought leaders and iconoclasts – those who shape industry, commerce and society – through powerful and prestigious lists, events and conferences, such as the iconic Fortune 500, the CEO Initiative and Most Powerful Women. For more information, visit fortune.com.
Contact:
Patrick Reilly
Patrick.Reilly@fortune.com
Amy Gallleazzi
Amy.Galleazzi@consultant.fortune.com
SOURCE Fortune Media (USA) Corporation
~ ~ ~
OPENING PHOTO Harmony-Gerber-Shutterstock-photo-credit fciwomenswrestling2.com Femcompetitor.com, grapplingstars.com, fciwomenswrestling.com, fcielitecompetitor.com
https://en.wikipedia.org/wiki/Kris_Jenner
https://en.wikipedia.org/wiki/Socialite
https://en.wikipedia.org/wiki/Kim_Kardashian
https://en.wikipedia.org/wiki/Private_equity_firm
https://www.fciwomenswrestling2.com
https://www.fcielitecompetitor.com/
https://fciwomenswrestling.com/
