Skims, her apparel brand, is now valued at $4 billion.
Category
🤖
TechTranscript
00:00 Kim Kardashian built Skims to become a $4 billion company and now her new private equity firm wants to build even more unicorns.
00:08 Kim spoke with Fortune in an exclusive interview to explain what's next for Sky Partners.
00:13 She's partnered with Jay Sammons, a 16-year veteran of Carlisle who has an eye for the next big thing and the two have known each other for a decade.
00:20 Sammons said he saw the impact Kim has had on the business world and wanted to join forces.
00:25 So one day Sammons pitched Kim Kardashian and Kris Jenner on the idea of them launching a private equity firm together.
00:31 Kim's businesswoman persona is shown in many of her ventures but one of the reality TV star's greatest successes was co-founding Skims in 2019.
00:39 And just four years later, Skims is now valued at $4 billion.
00:43 Kim wants her private equity firm to be able to do for others what she's done for herself, scale businesses just as fast as she did with Skims.
00:50 Right now, Sky Partners is in its fundraising phase hoping to reach a reported target fund size of $1 billion.
00:56 Sammons and Kardashian want to make 8 to 12 control or active minority investments over the next few years.
01:02 The two are interested in Kim's specialties like fashion and beauty plus other sectors like media, food and beverage, and hospitality.
01:09 But they haven't made their first investment yet and who knows, they could even invest in a Skims rival.
01:14 You can check out the full feature on fortune.com.
01:16 dot com.
01:16 [MUSIC PLAYING]