Kim Kardashian Removed as Managing Partner From SKKY Partners Private Equity Firm

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As a gamer with a keen eye for business ventures, I must say I’m a bit disappointed to see Kim Kardashian stepping back from her role at SKKY Partners. I had high hopes for this private equity firm, especially given its ambitious goal of raising a billion dollars. However, the lackluster fundraising performance and limited portfolio diversification have left me feeling like I’ve just lost a round in an investment RPG.

I’m thrilled to share that, as of now, my role at SKKY Partners – the private equity firm I co-founded alongside Jay Sammons from the Carlyle Group back in 2022 – has changed.

Recently, there has been a significant change in the management team at SKKY Partners, as documented in this week’s company filings. Kim Kardashian is no longer serving as an executive officer. Unfortunately, her involvement did not lead to the fundraising success and growth that was anticipated for SKKY Partners. The goal was to raise over $1 billion USD to acquire various consumer companies, but they have only managed to secure $121 million USD so far, completing just one deal – an investment in TRUFF, a truffle hot sauce company. Since its establishment in 2022, SKKY Partners has only invested in SKKY and SKIMS, which is insufficient for diversifying their portfolio to meet the standards of a private equity firm.

On the SKKY Partners website, it is indicated that Kardashian’s role has been updated from managing partner to co-founder and senior operating advisor, whereas previously she shared this title with Sammons. Additionally, Kris Jenner, who was earlier listed as a senior advisor, has been removed entirely. At this point, neither Kardashian, Sammons nor SKKY have issued any statements regarding these changes in management structure.

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2024-12-27 13:26