Kim Kardashian is no longer actively involved in managing SKKY Partners, the private equity firm she co-founded in 2022, according to recent regulatory filings and updates on the firm’s website.
Background:
Kardashian, known for her vast influence and success with her clothing brand, Skims, launched SKKY Partners alongside former Carlyle Group dealmaker Jay Sammons with ambitions to raise at least $1 billion. The firm aimed to invest in consumer companies. However, as of April, it has raised only $121 million and completed just one acquisition—Truff, a hot sauce company.
Recent Developments:
This week, SKKY Partners revealed in securities filings that it has secured only a small additional sum for its flagship fund. The filings also confirmed that Kardashian is no longer listed as an executive officer of the firm. Her role has been updated on the company’s website from “managing partner” to “co-founder and senior operating advisor.”
Key Changes:
Kardashian’s mother, Kris Jenner, was previously listed as a senior advisor but has since been removed from the firm’s website altogether.
Axios has reached out to both Sammons and a SKKY spokesperson for comment but has not received a response.
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