KKR & Co. Inc. (NYSE:KKR) entered into a definitive agreement to acquire 50% in Beacon Pointe Advisors, LLC from ABRY Partners, LLC on November 15, 2022. The Beacon Pointe team will continue to own over 50% of the Company going forward, and Abry Partners will fully exit its investment in Beacon Pointe as a result of this transaction. The transaction is expected to close before year-end. Goldman Sachs & Co. LLC served as the exclusive financial advisor to Beacon Pointe and Alston & Bird LLP served as legal counsel to the Company. Ardea Partners LP served as the financial advisor to KKR, and Jennifer S. Perkins, Eric J. Wedel, Colin Zelicof and
Michael A. Reeves of Kirkland & Ellis LLP served as legal counsel to KKR.

KKR & Co. Inc. (NYSE:KKR) completed the acquisition of 50% in Beacon Pointe Advisors, LLC from ABRY Partners, LLC on December 31, 2022.