KKR Supports 74 Small Businesses and Nonprofits in Latest Grants to Aid Global Economic Recovery

In Celebration of GivingTuesday, Firm Also Provides $50,000 Community Grant to the NYC Partnership Foundation to Stimulate New Business Creation and Resiliency

KKR today announced the recipients of the latest rounds of KKR Relief Effort grants awarded through two of the initiative’s cornerstone programs: KKR Small Business Builders (“SBB”) and KKR Grants. In the latest rounds, the KKR SBB program awarded $10,000 to 47 small business owners in 25 states across the US. The KKR Grants program made commitments of more than $3.2 million to 27 nonprofits based in the US, UK and France.

As part of its KKR Grants program, KKR today also announced plans to deliver a grant of $50,000 to the New York City Partnership Foundation (the “Partnership Foundation”). The Partnership Foundation works with the government, labor and nonprofit sectors to promote economic growth and maintain New York City’s position as a global center of commerce and innovation through contributing directly to projects that create jobs, improve economically distressed communities and stimulate new business creation. Specifically, the grant from KKR will go towards helping small businesses in New York create an online presence, which is key to helping businesses survive pandemic-related losses, build business resilience and prosper in a post-pandemic economy.

“KKR wants small businesses and nonprofits everywhere to know that they are not alone as they continue to work to emerge from the COVID-19 pandemic,” said Ken Mehlman, Partner, Global Head of Public Affairs at KKR and Co-Head of KKR Global Impact. “GivingTuesday is an important reminder that there are incredible organizations like the New York City Partnership Foundation that work tirelessly to rebuild, strengthen and transform communities by creating jobs where they are most needed and supporting local businesses.”

Since launching the KKR Relief Effort in response to the COVID-19 pandemic in the first half of 2020, KKR and its employees have supported 305 small businesses with direct support and grants of $10,000 each through the KKR SBB program. The KKR Grants initiative has provided more than $33 million in funding to 137 nonprofits whose missions align with supporting workforce recovery and development across communities and championing frontline heroes.

The businesses in the latest round of KKR’s SBB program are 79% minority-owned, 62% women-owned and 23% owned by veterans or their immediate family members. To date, 74% of the small business owner recipients have said that KKR’s grant was pivotal to the survival of their business through the pandemic.

KKR SBB and KKR Grants are available to organizations around the world with recipients selected on an ongoing basis.

About KKR Small Business Builders

KKR Small Business Builders is a grants-based program created to support small business owners who are struggling to navigate the challenges of the pandemic. KKR has joined forces with small business experts at Hello Alice and GEN Global to identify diverse and dynamic small business owners in need of assistance. Through SBB, KKR is awarding $10,000 grants to small business owners who will also receive support from KKR employees and the Hello Alice platform to help them better sustain their operations, maintain or create jobs and manage or pivot their business model. Small businesses can learn more at kkr.helloalice.com. The next round of applications will open in September.

About KKR Grants

KKR Grants is a global effort focused on identifying and supporting the most innovative and effective nonprofits whose missions are aligned with priority areas, including delivering immediate aid to vulnerable populations impacted by the pandemic, providing innovative pathways of workforce recovery and development, and supporting our heroes including teachers, first responders, essential workers and front-line medical professionals. KKR is supporting these organizations with financial grants and strategic support. The application for nonprofits is available at www.kkr.com/grants. The current round of applications is open until September 24, 2021.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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