Kim Kardashian and private equity veteran Jay Sammons are launching private equity firm Skky Partners, which will make both control and minority investments in growth-oriented, market-leading consumer and media companies.
Skky's target sectors include consumer products, digital and e-commerce, consumer media and entertainment, hospitality, and luxury.
Kardashian and Sammons will serve as co-founders and co-managing partners, while Kris Jenner will serve as a partner at the firm.
Kardashian said, "I’m excited to launch Skky Partners to invest in the next generation of consumer brands, leveraging my experience founding and building global businesses and partnering with innovative companies to help them grow. I look forward to working closely with Jay and our team to identify distinctive investment opportunities and build the firm’s portfolio of world class companies for our investors.”
Sammons said, "I have been privileged to spend my career partnering with the founders and leaders of some of the most influential and culturally groundbreaking consumer brands of our time. Now, in partnership with Kim and Kris, I look forward to building Skky into the leading private equity firm that backs the next generation of innovative, disruptive consumer businesses and brands.”