KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter
December 21 2023 - 5:50AM
Business Wire
KKR today announced a monetization activity update for the
period from October 1, 2023 to December 21, 2023. Based on
information available to us as of today, with respect to the period
through December 21, 2023, KKR has earned total realized
performance income, including realized incentive fees, and total
realized investment income in excess of $500 million. Our
monetization activity quarter-to-date is made up of approximately
70% gross realized carried interest and approximately 30% realized
investment income plus Marshall Wace incentive fees. This activity
is driven primarily by strategic and secondary sale transactions
that have closed quarter-to-date, dividend and interest income from
KKR’s balance sheet portfolio, as well as incentive fees from KKR’s
hedge fund partnerships.
The estimate disclosed above is not intended to predict or
represent total realized performance income, total realized
investment income or total revenues for the full quarter ending
December 31, 2023, because it does not include the results or
impact of any other sources of income, including fee income, or
expenses, and we may realize further gains or losses relating to
total realized performance income and total realized investment
income after the date of this press release. This estimate is also
not necessarily indicative of the results that may be expected for
any other period, including the entire year ending December 31,
2023.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
Forward-Looking Statements
This press release may contain forward-looking statements,
including estimated operating results from certain monetization
activities. Words such as “expect,” estimate,” “will,” “may” and
“believe” or similar expressions may identify forward-looking
statements. These forward-looking statements are subject to the
inherent uncertainties in predicting future results and conditions.
Certain factors could cause actual results to differ materially
from those included in these forward-looking statements, and
investors should not place undue reliance on such statements. These
forward-looking statements speak only as of the date of this press
release, and we do not undertake any obligation to update or revise
any of the forward-looking statements to reflect future events or
circumstances, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231221395413/en/
Investor Relations: Craig Larson 1-877-610-4910 (U.S.) /
212-230-9410 investor-relations@kkr.com
Media: Kristi Huller, Miles Radcliffe-Trenner or Julia
Kosygina 1-212-750-8300 media@kkr.com
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