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KKR logoKKR KKR

The company said AUM as of September 30, 2024 was $190.2 billion for Private Equity, $162.8 billion for Real Assets and $271.4 billion for Credit and Liquid Strategies.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said AUM as of September 30, 2024 was $190.2 billion for Private Equity, $162.8 billion for Real Assets and $271.4 billion for Credit and Liquid Strategies.

  2. The company said Credit and Liquid Strategies AUM rose by $25.9 billion from $245.5 billion as of December 31, 2023 to $271.4 billion as of September 30, 2024. It cited new capital raised from Global Atlantic and private credit funds, and the issuance of CLOs, as the main drivers of the increase.

  3. Iit said it invested capital of $9.8 billion in Private Equity, $21.5 billion in Real Assets and $29.6 billion in Credit and Liquid Strategies over the 9 months ended September 30, 2024. For 2023, the same period amounts were $7.7 billion, $12.1 billion and $8.6 billion, respectively.

  4. The company said operating earnings in its insurance segment rose from the same period a year earlier for the 9 months ended September 30, 2024. It attributed the main factor to its acquisition of the remaining Global Atlantic equity interests that KKR did not already own on January 2, 2024.

Key figures

Quarter ended September 30, 2024

Revenue
$4.8B
Net income
$601M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

AUM by Business Segment

The company said AUM as of September 30, 2024 was $190.2 billion for Private Equity, $162.8 billion for Real Assets and $271.4 billion for Credit and Liquid Strategies.

Source · Based on the MD&A text of the filing

Credit and Liquid Strategies AUM Increase

The company said Credit and Liquid Strategies AUM rose by $25.9 billion from $245.5 billion as of December 31, 2023 to $271.4 billion as of September 30, 2024. It cited new capital raised from Global Atlantic and private credit funds, and the issuance of CLOs, as the main drivers of the increase.

Source · Based on the MD&A text of the filing

Capital Invested Over 9 Months

Iit said it invested capital of $9.8 billion in Private Equity, $21.5 billion in Real Assets and $29.6 billion in Credit and Liquid Strategies over the 9 months ended September 30, 2024. For 2023, the same period amounts were $7.7 billion, $12.1 billion and $8.6 billion, respectively.

Source · Based on the MD&A text of the filing

Insurance Segment Operating Earnings Increase and Global Atlantic Stake Acquisition

The company said operating earnings in its insurance segment rose from the same period a year earlier for the 9 months ended September 30, 2024. It attributed the main factor to its acquisition of the remaining Global Atlantic equity interests that KKR did not already own on January 2, 2024.

Source · Based on the MD&A text of the filing

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.