kkr raised about $17 million for kkr north america fund 13 from investors, including sovereign wealth funds. let's turn to the markets with sophie kamaruddin in hong kong. sophie: heads up this tuesday, japan off-line for the golden week break, and chinese markets closed along with thailand this tuesday. ahead of the rba policy decision, no change expected, the aussie dollar holding steady, the forecast along with inflation, it will be washed when it comes to the rba update. we will also be watching for korean inflation data, likely to see a pickup in consumer prices. keeping and i on korean stocks, led lower by health care names on monday. overall, we are seeing futures looking next as asian stocks have been lagging global peers for six straight weeks. on monday, we saw the regional index fall to a one-month low as we see varying virus surges across the region. pulling up the chart on the terminal, we see manufacturing activity hold up through april across the region. we are seeing some signs of a slowdown in those figures as we are facing a lockdown in places like india. even in the

kkr, the call underway.ook an almost -- took in on was $15 billion in new capital -- took in almost $15 billion in new capital in the quarter. bloomberg's sonali basak has more. sonali: you're seeing a massive growth in private equity, massive growth in private credit. kkr brought in about $15 billion in new capital, $1.6 billion in net income. at apollo, you have about $1.5 billion in net income. that is about five times what it was making at the beginning of 2019. interesting about apollo, you have mark rowan's speaking today on his first call as head of the company on his ability to grow those credit funds which is what apollo is known for. it is the biggest in that business. but the private equity business gets really interesting both at kkr and apollo. a lot of realization of assets. that means sales, ipo's, and a lot more in that pipeline where that is coming from. much more deals ahead. guy: we will look forward to your coverage of them. thank you very much indeed. the nasdaq is now down over 2%. it i

kkr led an investment in the company and we're confident they are long-term believers in the businessg track record driving significant shareholder returns for their investors. >> now some analysts i speak with jmp, thinks box could be an acquisition target for the right suitor, maybe ibm or cisco levie says he will always consider the best path forward for this shareholders but excited about the path boblg is on right now. >> josh, the chess match here between companies and activists always interesting to see which way they attack. some people might forget before satya nadella there were activists after microsoft. it seems funny now but if you look at box and dropbox, both of them have kind of under performed some of the broader cloud expectations they both have market caps under $15 billion, for example but i just wonder, what, if anything, analysts are saying about the likelihood that you could totally reinvent a company like this under either activist or private equity watch without founders that doesn't seem likely either. >> to your point about share performers, that is somethin

this helps kkr beef up that segment.based in the u.k., but they have projects throughout the developed world. kkr is going to be offering for for three pence per share, about an 11.5% increase from its close yesterday. anna: dani, thanks very much. mark, it is interesting to think about what the cross is from weaker cryptocurrency markets into other assets. what do we know about the read across? we see some negativity on crypto's, whether it is bitcoin or ethereum. mark: it is a brilliant question, mainly because i don't have the precise answer. first of all, higher volatility in any asset is not great. that is a slight negative. there is probably at some point, and it is a binary level, where crypto losses lead to major risk aversion. this is a trade that is very invested by the retail audience. that audience also owns a lot of stocks. they own a material part of the stock market, so when they suffer enough losses on to, not only will they -- on crypto, not only will they trim their earnings across other markets, partic

and south korea's national pension and kkr pipeline a quebec, canada based company cdpq and the 16% 16% when you untangle it, it's actually seven different countries based on four different countries, heck, four different continents, all operated from the pipeline hot bed of alpharetta, georgia, where plantation is based as well colonial, an unusual company, certainly in many ways, random quite interesting. >>> back now to the markets and we're all watching very close, 8:30 this morning, april cpi, consumer price index it hits the tape and no doubt everybody expecting it to show one of the biggest pops of the year, if not of all time will it matter let's welcome in jenny harrington jenny, how close are you watching the inflation measure, maybe not at all >> well, i'm always curious, so i'm watching it but as a long-term investors it's not going to have any impact on what i do in the portfolio today, this week, next month. what i think is interesting is the debate we see enemerge transitory versus permanent. we've got the fed transitory, feeling for those of us in the real world it's

with the provision kkr has to use their 11% to support the board in the proxy fight.hey can't sell their shares to an activist sharehder, however that is defined.akes this even more interesting is that the company, which has $600 million cash on the balance sheets, doesn't need the $2500 m500 million, is usint buy back shares. they're replacing shareholders who can do whatever they want with one shareholder to support the board. i think this is going to backfire on them, and starboard will be supported where they may not have if this didn't happen. >> i'm sure icon is watching somewhere, he is saying, wait a minute, i've been in the news, too. from following your 13d monitor and your e-mails every day, carl icahn has been as active as anybody. i had that breaking news i appreciate your type i'll make it up to you next time shorter thanorl. nma ken squire, thank you very much. >>> we have doc's "unusual activity." we will do it next obsession has many names, this is ours. the lexus is. all in on the sports sedan. lease the 2021 is 300 for $369 a month for 36 months. ex

market shareship is pushing the opportunities toward the large platforms like the blackstone's and kkr's of the world, it is our ability to get ahead of assets and willingness to spend the resources -- speculative resources, and we are holding our own. matt: really fascinating to get your insight, valuable for our viewers. thank you for joining. david layton, partners group co-ceo and deals reporter ed hammond. coming up on the program, we will speak with the ceo of an amusement park operator cedar fire about reopening amid the pandemic. they run some of the biggest parks in the midwest. cedar point and kings island, these were like dream destinations for me as a kid. now, you may be able to go back. richard zimmerman joins us next. this is bloomberg. ♪ this is bloomberg. ♪ matt: this is "bloomberg markets," i am matt miller. amusement park operator cedar fire reported earnings today after have for -- having no operating days in the first quarter due to the pandemic. clearly it was difficult. joining us to discuss the optimism ahead in reopening is the cedar fair president and ceo, richa

kkr is nearing a deal to acquire it from its canadian owners in a deal valued as much as $3 billion.is set to beat out rivals. a decision has not been finalized yet. erm is owned by private investors and alberta equity management. paul: thousands of australians are ditching jobs in major financial centers like new york, london, and hong kong to return home. there were about 25,000 returnees last year. they are making an economic impact. ditching new york for sydney, why? >> there are two main reasons. one is the pandemic. it is making all of us rethink priorities in life and the need to be closer to home. secondly, the australian investment banking market is going through massive disruptions. there are two new startups poaching a lot of people from the established banks, so there is a need to backfill with talent from overseas as well. shery:'s that were all the bankers are going? are there enough jobs in australian banks? >> australia is a bit of a haven for investment at the moment. they are going from everywhere, goldman sachs, j.p. morgan, and these two new startups that have hir

kkr is said to have raised $18.5 billion for the latest and largest version of its flagship north americand. it has been among the most active dealmakers during the covid-19 pandemic. bloomberg understands the fund is months away from a final flow. it raised $17 billion. the one before it, $14 billion. online shopping provider sei e-commerce raised more than $30 million to expand in southeast asia ahead of potential listings. the primary debut in new york could come as early as the end of this year. the company is targeting a valuation of $1 billion and it is filing a secondary listing in the lion city. yvonne: let's take a look at markets. a pretty mixed picture for equity markets. the taiex is the one that has been hitting it hard on the back of this that we saw overnight. the kospi about .5% lower and we talk more about korea in a bit but some stocks we are watching, the miners and focus given a rise up in commodities as well and we are looking to stocks down from 3% in taiwan. the singapore chain talking about profit loss, reporting a net loss and sjm reporting earnings later on today.

sources telling bloomberg that kkr is working on an offer, teaming up with dooley are and right.oup has partnered with held in and freeman. seeking to align with potential buyers to help her divide financing that would exceed $10 billion. we could see a jumble of medline of around $30 billion in a potential sale. haidi: all right. coming up next, the bank of england is slow to bond buying as the economic recovery has the pace. the governors says it would take a shock to expand qe next year. we will get more from that interview just ahead. this is bloomberg. ♪ omberg. ♪ haidi: it is time for morning calls ahead of the trading day. sophie kamaruddin in hong kong. you are watching still prices. investor demand stories. where does the position put them? sophie: we have seen chinese steelmakers enjoy bumper profits are the rally in steel prices has been fueled by the government's measure to supply and rain in pollution and omissions. chinese exports of products. even with regulators rolling back, and going into may, that is peak construction season. the margin will likely keep the goo

and they pay really good dividends but we are watching the investors, bp, con conoco phillips, down, kkrheffner's playboy empire undergoing a magical transformation in the digital age, up next, ceo ben cohen is here to reveal the next bunny he plans to pull out of the playboy top hat. closing bell ringing in 29 minutes we've just hit a new high on the dow we're up 569 points, don't go away. did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. serendipity. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic

ownership the biggest piece is owned by koch capital a unit of koch industries which owns 28%. 23% owned by kkr and south korea's national pension company. a quebec, canada-based investment firm or cdbq with a 17% interest and melbourne, australia-based industry funds management with 16 the final 16% is held by really the only pure oil and gas company on this list and that is royal dutch shell. so, shep, the list shows five different owners but when you really sort of untangle that web, it's actually seven different companies that are based across four different countries. now, it's all operated by colonial's own management team based not in texas where pretty much every other pipeline is based but in the atlanta suburb of alpharetta, georgia a very unique and very unusual company all around. >> and one not reporting to the people brian, thank you >>> the middle east and a sudden deadly surge in attacks as old grievances fuel new conflict now dozens of dead in air strikes and rocket attacks as the violence spreads beyond jerusalem into tel aviv and gaza fears of a widening conflict as both side

how about can we talk about bank of america we added kkr we added charles schwab. we added blackstone. i see nothing wrong in the quality of adding financials, which we did, because we understand there's economic optimism we understand that there's earnings growth. now what is missing from that equation, scott? global covid trends improving. global covid trends are going to improve, and when they improve you are going to see further normalization in treasury yields towards 1.9% i don't care if the federal reserve doesn't think that there is inflation, markets respond to the perception of inflation. that's exactly what we're doing. in 2021, faangs are going to be fine, but it is also going to be about commodity-oriented, economically sensitive, cyclically oriented business they're going to outperform. that's where i want to be. >> okay. i like that i got you all wound up because it was fabulous counsellor cramer, you have heard the argument from the prosecutor here making his case on why he did what he did. what is your counter >> i would like a side bar, your honor

kkr investing 95 million into lynn's car. that is dollars. reports leading this $300 million funding, giving evaluation of $2.5 billion. this is a company which makes eyewear. it's funding will likely include something like $75 million to $100 million of investment in the company. that valuation as a consequence coming through at $2.5 billion. right. let's have a look at the struggle britain is having with the global pandemic. let's find out more as we get over to vonnie quinn in new york. vonnie: the u.k. health secretary says the government is monitoring the highly transmissible virus variant that originated in india, while moving forward with the next stage of reopening starting monday. he warned the variant could spread like wildfire and urged people to get back tended. prime minister boris johnson earlier said it could jeopardize the risk of opening up all pandemic restrictions planned for june 21. india is bracing for a cyclone to hit its western coast tuesday, forcing authorities to begin evacuation preparations in parts of the country

look like it's below consensus but aaron levy said that is due to preferred stock dividend paid to kkrthe discrepancy. if you exclude that, aaron levy is saying their guidance is slightly above consensus turning to another big issue for the box investors is this battle with starboard value remember the investors nominated their own candidates to the board ahead of the shareholder meeting pitting their candidates against the ceo aaron levy and two other directors. they're frustrated with what they call poor results, subpar shareholder returns. aaron levy is punching right back on that he told me box is one of the best performing stocks they are guiding to between 18 to 18.5% they're on a path reaccelerating growth and they continue to have one of the strongest boards in enterprise software, so that battle continues back to you all. >> really interesting one, josh, thank you very much for that of course box and aaron levy often on the show. i want to pivot back to the markets. david, we were talking about m & a picking up what's your preference now between those investment banks and the

kkr is a part owner. one of a pension company from australia is a part owner.ers capital. a big owner. five big owners bought this company. the company was formed in the 1960s. there you go thanks shell midstream. those five own 20% some more, some less based in alphretta, georgia. an operating sub subsidiary. >> brian sullivan, good to see you. thank you for bringing us the news we'll talk about this more throughout the week with you becky. >>> thanks, andrew the dow and s&p closed at new records on friday despite the disappointing april employment report joining us with the post jobs strategy session is tiffany mcghee tiffany, you are looking at jobs differently than you had been before you think there is a new wave that will change the way we as a country are looking at the companies. that could help some companies in particular. >> i do, becky i was listening to president biden's press conference last friday and talking about jobs. really talking about a job being more than a paycheck it was about respect and dignity. i certainly appreciate that and agree.

, that is clearly a move that you are seeing, you know with companies, that are private equity like kkrtles, four deal that made that happen as well. maria: i was saying i love catalog story taking with mark in a while going to tell us about selling, some of the, catalogs to in athletic world going to tell us about memorabilia in a second, but before you go, we've seen a handful ipos in this space as well, is there triggering deals going public music ipos? >> there is. and part of it driven by the fact so many individual artists selling evergreen catalogs last, two, three, four, five months, from bob dylan, barry manilow, they've all sold catalogs to either majors or one step down from majors, and so it is creating a scenario in which both the big players and second year players are getting critical mass getting big enough to warrant a public offering, and so 10 companies go public in music space last few months there has been a -- in the types of businesses that institutional money administration invest in. there are very few pure plays almost no film studios public to invest in why no