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KKR & Co. acquires 24.9% interest in Nephila Capital

KKR & Co. acquired a 24.9% interest in Nephila Capital, an investment manager focused on investing in natural catastrophe and weather risk. Shares will be acquired pro rata from Nephila management and from Nephila’s minority stakeholder, Man Group plc, which will retain an 18.75% interest. Financial terms of the transaction were not disclosed.