KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter
June 23 2023 - 6:50AM
Business Wire
KKR today announced a monetization activity update for the
period from April 1, 2023 to June 23, 2023. Based on information
available to us as of today, with respect to the period through
June 23, 2023, KKR has earned gross realized carried interest and
total realized investment income of greater than $200 million. Our
monetization activity quarter-to-date is made up of approximately
60% gross realized carried interest and approximately 40% realized
investment income. This activity is driven primarily by strategic
and secondary sale transactions that have closed quarter-to-date,
as well as dividend and interest income from KKR’s balance sheet
portfolio.
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
June 30, 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 and
on Twitter @KKR_Co.
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/20230623595349/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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