By KKR Mar 10, 2022
Over the last two weeks, we’ve followed events in Ukraine with heavy hearts. Our thoughts are with the brave people of Ukraine as they defend their country and face terrible suffering as a result of an unprovoked, illegal and brutal invasion by Russian forces.
As it relates to KKR’s investment business, we do not have offices in either Russia or Ukraine, nor do we have portfolio companies headquartered there. We have been working vigilantly with our teams and portfolio management to ensure safety and support for any employees affected, and remain very mindful of how this situation can and will reverberate throughout any of the communities in which we operate.
In recent years, KKR has responded to tragedies across the world with both firm-level and individual contributions to carefully vetted organizations. We are committed to supporting communities around the world – especially in times of need such as this.
KKR is committing $1 million to Ukrainian support with the first $500,000 evenly split between Save The Children’s Ukraine Fund and UNHCR’s Ukrainian Refugee Support. The second $500,000 will be allocated at a later date, allowing us to be responsive to the ongoing and shifting needs of this evolving crisis. We have also provided an opportunity for our employees to contribute to a list of vetted organizations and receive a double match – giving them the flexibility to support those affected by this crisis in a way that speaks to them directly.
We continue to closely monitor the situation in Ukraine and intend to collaboratively support our portfolio network. We are proud of the numerous companies in our portfolio stepping up to provide aid to those in need and the many KKR employees who are contributing to this effort in numerous ways—from providing sanctuary for Ukrainian refugees to supporting humanitarian organizations that are operating on the frontlines of this conflict.