KKR posts record $1.6bn quarterly profit as AUM tops $800bn
Global investment firm KKR has reported record third-quarter adjusted net income of $1.6bn, up 29% year-on-year, driven by increased asset disposals and management fees, according to a report by Reuters. Adjusted earnings reached $1.78 per share, exceeding analysts' expectations of $1.59, while fee-related earnings rose 27% to $1.3bn. KKR raised $25bn in fresh capital during the quarter, pushing…
KKR, the global investment firm, has announced a record third-quarter adjusted net income of $1.6 billion, marking a 29% increase year-on-year. This surge in earnings is attributed to heightened asset disposals and management fees, surpassing analysts' expectations of $1.59 per share. The company successfully raised $25 billion in fresh capital during the quarter, elevating assets under management to over $800 billion, primarily fueled by credit, liquid strategies, and real assets.
KKR anticipates returning more than $40 billion to investors in 2026, a substantial 50% increase from its previous annual record. Notable recent exits include data center cooling specialist CoolIT Systems and aviation infrastructure platform Atlantic Aviation. The firm is also targeting more than $1 trillion in assets under management by 2030, bolstered by continued growth across credit, infrastructure, and alternative asset classes.
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