Kim Kardashian’s latest business ventures include backing consumer and media businesses.
41-year-old entrepreneurs are teaming up jay SummonsSKKY Partners, a former partner of Carlyle Group Inc., will focus on “both controlling and minority investments in high-growth, market-leading consumer and media companies,” according to a post on the company’s Instagram page. launched SKKY Partners, an equity company focused on .
But while Sammons isn’t the only one in the private equity firm, Kardashian’s mother Kris Jenner is also in the venture, so it’s no surprise because the family will always be together. act as a partner.
Kardashian announced the launch of the corporation on Instagram with a photo of herself standing alongside Sammons during a photo shoot, along with a graphic of the SKKY logo.
“We are excited to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner and @krisjenner as our partner,” she wrote in the caption. I’m here.
She continued: “Together we hope to leverage our complementary expertise to build a next-generation Consumer & Media Private Equity firm. For more information, please visit SKKY.com and follow @skkypartners on social media. please.”
“Proud, honored and excited to be part of this,” Jenner said on Instagram.
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according to wall street journalSKKY Partners will invest in various sectors such as “Consumer Products, Hospitality, Luxury, Digital Commerce, Media, Consumer Media and Entertainment Businesses”.
Speaking to the outlet, Kardashian said that working with entrepreneurs and helping them build their businesses inspired her to start SKKY. and to understand what their dreams are,” she said. ”
wall street The company has yet to make any investments, but said it plans to make its first investment by the end of the year. The former Carlyle investor and reality star said he has yet to start raising money, but plans to start building funding from institutional investors soon.
SKKY will be based in Boston, where Sammons currently resides, along with another office in Los Angeles, where Kardashian is located. wall street Sammons was reported to carry out the day-to-day operations.
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