Kim Kardashian, owner of beauty and shapewear brands, is expanding her business empire. 

He has teamed up with a former Carlyle Group partner to launch a new private equity firm.

Kardashian and Jay Sammons, former head of consumer, media and retail at Carlyle

(one of the world's largest private equity firms), first spoke to the Wall Street Journal about the launch of SKKY Partners.

To the vehicle, Sammons said that Kardashian's mother, Kris Jenner, will be a partner in SKKY. 

The two, however, declined to comment on the size of the fund or other investors.

SKKY plans to invest in consumer, digital, media, hospitality 

and luxury companies, the company said today (7) in a post on Instagram.