KKR said it acquired a majority controlling interest in Global Atlantic on February 1, 2021 and the remaining equity interests in Global Atlantic that it did not already own on January 2, 2024.

1. 01

   KKR said it acquired a majority controlling interest in Global Atlantic on February 1, 2021 and the remaining equity interests in Global Atlantic that it did not already own on January 2, 2024.

2. 02

   The company said its Private Equity business line had AUM of $182.8 billion as of March 31, 2024, Real Assets had $135.4 billion, and Credit and Liquid Strategies had $259.5 billion.

3. 03

   KKR said that beginning on January 2, 2024, it is authorized to apply a carry pool percentage for all funds above the existing fixed percentages of 40%, 43% and 65%, up to 80%, and that the change was approved by a majority of its independent directors.

4. 04

   KKR said that beginning in January 2024, it expects to use approximately 15% to -20% of fee related revenues, 70% to -80% of realized carried interest, and 10% to -20% of realized investment income to pay its asset management employees.

Key figures

Quarter ended March 31, 2024

Revenue

$9.7B

Net income

$682M

Operating cash flow

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.