KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter
December 17 2024 - 3:15PM
Business Wire
KKR today announced a monetization activity update for the
period from October 1, 2024 to December 17, 2024. Based on
information available to us as of today, with respect to the period
through December 17, 2024, KKR’s Asset Management segment has
earned total realized performance income, including realized
carried interest and realized incentive fees, and total realized
investment income in excess of $725 million. Realized carried
interest drove over half of our monetization activity
quarter-to-date. The quarter-to-date monetization activity is
driven by a combination of secondary sales and strategic
transactions that have closed quarter-to-date, dividends and
interest income, as well as incentive fees from Marshall Wace.
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, 2024, 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. The estimate disclosed
above is based on information available to us as of today with
respect to the period from October 1, 2024 through December 17,
2024. 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, 2024.
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/20241217134574/en/
Investor Relations: Craig Larson 1-877-610-4910 (U.S.) /
212-230-9410 investor-relations@kkr.com Media: Kristi Huller
or Julia Kosygina 1-212-750-8300 media@kkr.com
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