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Kim Kardashian wants to uncover 'magic sauce' of company founders as her private equity firm looks to raise $1 billion

Kim Kardashian on TV set
Kim KardashianNathan Congleton/NBC via Getty Images
  • Kim Kardashian talked up her SKKY Partners private equity fund at the SuperReturn conference.

  • "I love hearing people's stories, and hearing what their magic sauce is behind their company."

  • SKKY Partners is looking to raise at least $1 billion, Bloomberg reported last month.

Kim Kardashian talked up her private equity firm SKKY Partners at the SuperReturn conference in Berlin on Wednesday.

The entertainer founded SKKY last year alongside former Carlyle Group partner Jay Simmons, with an aim to invest in consumer and media-related businesses.

"I am most looking forward to my relationships with the founders," Kardashian said, characterizing herself as a storyteller.

She added: "I love hearing people's stories, and hearing what their magic sauce is behind their company and why they wanted to start the company that they did and what their vision is and just hope that I can help that."

During the event, investors also asked Kardashian about her status as an influencer and if she drives her kids to school, according to Bloomberg.

Though Kardashian has made her name through social-media and TV stardom, such as her role in "Keeping Up with the Kardashians," she also built shapewear company Skims, which reached a $3 billion valuation last year.

Meanwhile, SKKY is looking to raise at least $1 billion, touting Kardashian's social media presence and track record with beauty and retail brands, according to a pitch seen by Bloomberg last month.

SKKY is targeting 10-12 investments in the consumer and media sectors, requiring $100 million-$500 million of equity each and asking for a commitment of at least $10 million from limited partners, Bloomberg reported.

Read the original article on Business Insider