Key Takeaways
- • KKR reported record third-quarter adjusted net income of $1.6bn, up 29% year-on-year, driven by higher asset disposals and management fees, according to Reuters.
- • Adjusted earnings of $1.78 per share beat analysts' expectations of $1.59, while fee-related earnings rose 27% to $1.3bn.
- • KKR raised $25bn in fresh capital during the quarter, lifting assets under management above $800bn, with inflows led by credit, liquid strategies and real assets.
- • The firm expects to return more than $40bn to investors in 2026, over 50% above its previous annual record, and targets more than $1tn in AUM by 2030.
Summary
Global investment firm KKR has reported record third-quarter adjusted net income of $1.6bn, up 29% year-on-year, according to a report by Reuters. The gain was driven by increased asset disposals and management fees. 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 assets under management above $800bn. Inflows were primarily driven by credit, liquid strategies and real assets. The firm reportedly expects to return more than $40bn to investors in 2026, which would be over 50% above its previous annual record.
Recent exits include data centre cooling specialist CoolIT Systems and aviation infrastructure platform Atlantic Aviation. The pending $17bn sale of USI Insurance Services to Aon is expected to contribute approximately $2bn to adjusted profit in the fourth quarter.
Performance varied across strategies during the quarter. KKR's infrastructure portfolio generated a 4% gross return, while traditional private equity was flat. Leveraged credit returned 1% and alternative credit returned 3%. The firm is targeting more than $1tn in AUM by 2030, supported by continued expansion across credit, infrastructure and other alternative asset classes.
KKR raised $25bn in fresh capital during the quarter, pushing assets under management above $800bn. Inflows were primarily driven by credit, liquid strategies and real assets. The firm reportedly expects to return more than $40bn to investors in 2026, which would be over 50% above its previous annual record.
Recent exits include data centre cooling specialist CoolIT Systems and aviation infrastructure platform Atlantic Aviation. The pending $17bn sale of USI Insurance Services to Aon is expected to contribute approximately $2bn to adjusted profit in the fourth quarter.
Performance varied across strategies during the quarter. KKR's infrastructure portfolio generated a 4% gross return, while traditional private equity was flat. Leveraged credit returned 1% and alternative credit returned 3%. The firm is targeting more than $1tn in AUM by 2030, supported by continued expansion across credit, infrastructure and other alternative asset classes.
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