Kim Kardashian has been removed from her executive position at SKKY Partners, with her role reduced to advisory status at the private equity firm she helped establish, regulatory documents showed on Thursday.
Read: Kim Kardashian’s New Venture Is A Private-Equity Firm And It Has Two Ks
The firm’s website now lists Kardashian as a senior operating advisor rather than managing partner, marking a huge downgrade from her leadership position alongside co-founder Jay Sammons, a former Carlyle Group executive.
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SKKY Partners has attracted only $121 million in investments, well below its $1 billion target for consumer company acquisitions. The firm’s sole investment to date has been in Truff, a premium hot sauce maker.
Securities filings this week revealed minimal additional funding for SKKY’s main investment vehicle. The restructuring also saw the departure of Kris Jenner, Kardashian’s mother, who previously served as a senior advisor.
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