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Kim Kardashian and a former partner at Carlyle Group are launching a new private-equity firm focused on investing in and building consumer and media businesses.⁠ ⁠ Kardashian is teaming up with Jay Sammons, who ran consumer investing at Carlyle, to launch SKKY Partners, they said in separate interviews. SKKY will make investments in sectors including consumer products, hospitality, luxury, digital commerce and media as well as consumer-media and entertainment businesses.⁠ ⁠ Kardashian has steadily grown her own business empire in recent years. The undergarment and apparel business she started in 2019, Skims, was valued at $3.2 billion in January. The company raised $240 million at that time in a funding round led by Lone Pine Capital. This year she launched a skin-care line, SKKN BY KIM, a nine-product collection.⁠ ⁠ Best known for investing in hot brand names such as Beats By Dre and streetwear brand Supreme, Sammons left Carlyle at the end of July after more than 16 years at the firm. He said he expects to continue making similar investments as he did at Carlyle.⁠ ⁠ SKKY plans to make both control and minority investments in companies. Kardashian said the idea of working closely with entrepreneurs to help them grow companies is what attracted her to the idea of starting SKKY. She said she would bring experiences from her own businesses to bear when working to help portfolio companies thrive.⁠ ⁠ Read more at the link in our bio.⁠ ⁠ Photo: Bonnie Cash/Pool/Shutterstock