Kim Kardashian is known for being a television personality, a business mogul and an aspiring lawyer. Now she's adding investor to that list.
In her latest role, the reality TV star and shapewear company founder is launching a private equity firm, called SKKY Partners, that will target a buffet of sectors including e-commerce, luxury brands, consumer products and hospitality. Joining Kardashian in the venture is Jay Sammons, a former partner at one of the world's largest private equity firms, the Carlyle Group.
Kardashian said in an interview with the Wall Street Journal that she was drawn to starting the venture because of the chance to work closely with entrepreneurs.
"The exciting part is to sit down with these founders and figure out what their dream is," Kardashian told the Journal. "I want to support what that is, not change who they are in their DNA, but just support and get them to a different level."
Kardashian has established herself as a seasoned entrepreneur--and hustled long before her time in the spotlight. Her prior resume includes stints at her father's music-marketing firm, a clothing store and running a successful eBay business. She's also known for overseeing her Skims empire, which cinched a $3.2 billion valuation at the start of the year.
Sammons, who left his role as head of consumer, media and retail at Carlyle in July, has an established resume of his own, having worked with other large names such as Beats by Dre, Vogue International and Supreme.
Sammons reportedly contacted Kardashian and her mother, Kris Jenner, earlier this year to discuss starting the firm. Kardashian and Sammons will be co-founders and co-managing partners of the firm, while Jenner will join as a partner.
Though the fund has yet to invest in a company, let alone fundraise, it intends to make its first investment by the end of the year, Kardashian told the Journal.