On July 8, 2020, we announced that Global Atlantic entered a strategic partnership with KKR and would be acquired by KKR, kicking off an exciting new chapter of growth and opportunity.
KKR shares our deep commitment to the Retirement and Life markets, and Global Atlantic will be a core part of KKR’s strategy. With KKR's acquisition, Global Atlantic will strengthen our position for future growth.
Upon closing the transaction, Global Atlantic will operate as a stand-alone business led by our current leadership team. The deal is expected to close in late 2020 or early 2021, subject to customary closing conditions, including regulatory approvals and shareholder approval.
KKR is an industry leading global financial services firm with over $200bn in assets under management, employees in 20 cities around the world.