KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter
June 20 2024 - 5:52PM
Business Wire
KKR today announced a monetization activity update for the
period from April 1, 2024 to June 20, 2024. Based on information
available to us as of today, with respect to the period through
June 20, 2024, KKR has earned total realized performance income,
including realized incentive fees, and total realized investment
income in excess of $500 million. This amount includes incentive
fees that are expected to be realized at June 30, 2024. Our
monetization activity quarter-to-date is made up of approximately
80% realized performance income and approximately 20% realized
investment income. This activity is driven by a combination of
secondary sales and strategic transactions that have closed
quarter-to-date, as well as dividends and interest income.
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, 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. 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/20240620957853/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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