Kim Kardashian has co-founded a new private equity firm called SKKY Partners that will focus on making minority and controlling investments in high-growth consumer and media companies.
Kardashian founded SKKY with Jay Sammons, a former partner at Carlyle Group. Sammons helped guide Carlyle’s investments in consumer investing, including Beats by Dre. Kardashian’s mother and manager, Kris Jenner, will also be a partner in SKKY, according to a Wall Street Journal report.
SKKY Partners tweeted Wednesday that the firm will target such sectors as consumer products, digital, e-commerce, consumer media, hospitality and luxury.
Kardashian has had a highly successful track record in business. Her apparel company Skims, founded in 2019, was recently valued at $3.2B.
In June, beauty products marketing giant Coty announced it was launching a new skincare line with Kardashian called Skkn by Kim.
Image and article originally from seekingalpha.com. Read the original article here.