- En septembre 2022, Kim Kardashian co-fonde SKKY Partners
- This is a fund
- investment dedicated to media and entertainment
- Today, SKKY Partners wants to raise 1 billion dollars
Kim Kardashian never ceases to amaze us. If she is very present on social networks, the influencer likes to diversify. Her brands of sculpting cosmetics and underwear are successful and have some success while she diligently pursues law studies.
Last September, Kim Kardashian announced the launch of her investment fund in the fields of media and entertainment, as well as in e-commerce, luxury and hotels. Decidedly, the businesswoman is on all fronts.
But Kim Kardashian is not alone in this adventure. Former partner of the Carlyle group, Jay Simmons is also in the game and knows his score well. Additionally, Kris Jenner is a senior partner at SKKY Partners.
I’m pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner, along with @KrisJenner who will serve as partner at our firm. pic.twitter.com/KExQTsVGbf
— Kim Kardashian (@KimKardashian) September 7, 2022
Today, the private equity firm dedicated to consumers and media wants to raise $1 billion to carry out its projects. Although the financial environment is far from favorable.
1 billion dollars thanks to social networks?
According to Bloomberg, SKKY Partners is aware of the importance of its co-founder on social networks. Because, whether we like it or not, Kim Kardashian has a major impact on our world. Remember that a simple photo published on his Instagram account helped bring down art traffickers.
On Instagram, TikTok or Twitter, Kim Kardashian has several hundred million followers. A solid community, on which SKKY Partners can count. For the company, its co-founder has “a real ability to identify and define culture”. And it is precisely this crucial social impact that will make this first colossal fundraiser a success.
Indeed, originally, Kim Kardashian became known in a reality TV show. But she aspires to better. The young woman does not want to rest on her laurels and is working to get out of this simple “influencer” box. In this sense, she has notably set up several companies. Its Skims underwear brand reached a valuation of $3.2 billion last year. Impressive.
In detail, SKKY Partners wants to make 10 to 12 consumer and media related investments, requiring between $100 million and $500 million in equity each. The firm expects partners to make a minimum commitment of $10 million. Concerning the nullified rate of return, the company aims for 8% in order to be profitable.
