Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

KKR’s earnings rise 20% on strong management fees, annuities business

by Riah Marton
in Lifestyle
KKR’s earnings rise 20% on strong management fees, annuities business
Share on FacebookShare on Twitter


PRIVATE equity firm KKR & Co said on Wednesday (May 1) that its first-quarter adjusted net income jumped 20 per cent year on year, driven by strong management and transaction fees as well as earnings from its annuities business.

KKR’s adjusted net income rose to US$863.7 million from US$719.3 million a year earlier. That resulted in adjusted net income per share of 97 US cents, which was slightly ahead of the average analyst estimate of 96 US cents, according to LSEG data.

Fee-related earnings rose 22 per cent to US$668.7 million, buoyed by income KKR generates from fees associated with managing US$578 billion worth of total assets in addition to transaction fees from arranging financing from its own deals.

KKR’s earnings from investing the capital of its annuities business Global Atlantic rose 33 per cent to US$273 million. During the quarter, KKR completed the US$2.7 billion deal to acquire the remaining 37 per cent stake in Global Atlantic that it does not already own.

Dividends from KKR’s “strategic holdings”, which are mostly private equity investments that it plans to hold for relatively longer periods, reached US$20.7 million in the quarter.

KKR’s private equity portfolio appreciated by 5 per cent, opportunistic real estate funds gained 1 per cent, and leveraged credit funds added 3 per cent.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

By contrast, Blackstone reported that its corporate private equity funds appreciated by 3.4 per cent, liquid credit funds gained by 2.5 per cent, and opportunistic real estate funds were flat.

KKR’s net income under generally accepted accounting principles more than doubled to US$682.2 million, driven by growth in revenues from Global Atlantic.

It raised US$31 billion of new capital, invested US$14 billion, retained US$98 billion of unspent capital, and declared a quarterly dividend of 17.5 US cents. REUTERS

Tags: AnnuitiesBusinessEarningsFeesKKRsManagementRiseStrong
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Yen surges on suspected intervention by Japanese authorities

Yen surges on suspected intervention by Japanese authorities

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In