Kim Kardashian is the most recent superstar to strive her hand at personal fairness investing, becoming a member of with longtime Carlyle Group government Jay Sammons to begin a brand new agency.
Skky Companions will deal with investments within the shopper and media business, with Kardashian and Sammons serving as co-founders and co-managing companions. Kardashian’s mom, Kris Jenner, can even be a accomplice on the agency, in line with a Skky assertion on Wednesday.
The pair will convey to the enterprise “an extended historical past of investing capabilities and expertise of working with high-growth manufacturers which might be disruptors,” Sammons mentioned in an interview.
Actuality tv star Kardashian is remodeling her profession after constructing multibillion-dollar companies together with undergarment firm Skims, which this yr raised funds at a valuation of greater than $US3 billion ($4.4 billion). Sammons labored at Carlyle for almost 17 years, and was related to investments together with Beats by Dre, skincare firm Philosophy and Beautycounter.
Sammons, who was world head of shopper, media and retail at Carlyle earlier than leaving this yr, met Kardashian via a mutual buddy in 2016, Sammons mentioned. The 2 stored in contact as enterprise and private contacts. The previous Carlyle accomplice approached Kardashian earlier this yr to begin a brand new enterprise.
“Kim has began two companies that subtle buyers have valued over $US1 billion,” Sammons mentioned, referring to Skims and her KKW Magnificence model, which offered a stake to Coty in 2020. “She’s an extremely achieved entrepreneur and investor.”
“I’m excited to launch SKKY Companions to put money into the following technology of shopper manufacturers, leveraging my expertise founding and constructing world companies and partnering with modern corporations to assist them develop,” Kardashian mentioned.
“I stay up for working intently with Jay and our staff to establish distinctive funding alternatives and construct the agency’s portfolio of world class corporations for our buyers.”