NEW YORK--(BUSINESS WIRE)--KKR today announced that its private credit funds and accounts have provided a non-recourse accounts receivable financing for Weber LLC (“Weber”), the global leader in outdoor cooking products, innovation, and technology, to support the company’s operations and strategic investments in long-term growth. The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million acr ...

NEW YORK--(BUSINESS WIRE)--Today, KKR, a leading global investment firm, unveiled “KKR Alternatives Unlocked,” a digital platform designed to empower financial advisors and their clients to better understand the alternatives investing landscape. The platform features a variety of content for financial advisors and individual investors, including macroeconomic insights, investment perspectives and educational content across private equity, infrastructure, real estate, and credit asset classes. Even though ...

Billionaire hedge fund manager Bill Ackman led the charge to push out Harvard’s president Claudine Gay amid charges of plagiarism. But now the recriminations have boomeranged back on him, with reports that his academic wife may have committed plagiarism in her dissertation.The reports in Business Insider late last week have triggered off a dizzying array of allegations from Ackman, who insists his family should be off-limits to scrutiny, which has pushed the news site’s publisher, Axel Springer SE, into say ...

KKR & Co. Inc. KKR, -1.86% late Monday filed an initial public offering for its portfolio company BrightSpring Health Service Inc., a home health care service provider, to trade under the ticker BTSG on the Nasdaq. Goldman Sachs, KKR, Jefferies, Morgan Stanley, UBS, BofA Securities, Guggenheim Securities and Leerink Partners are underwriting the deal. The IPO is expected to raise about $1 billion, according to IPOScoop.com. BrightSpring reported a net loss of $149.63 million and revenue of $6.45 billion in ...

NEW YORK & HAMILTON, Bermuda--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) and The Global Atlantic Financial Group LLC (together with its subsidiaries, “Global Atlantic”) today announced the closing of the previously-announced transaction in which KKR is acquiring the remaining 37% of Global Atlantic, increasing KKR’s ownership to 100%. KKR acquired a majority of Global Atlantic in 2021, and since that time, KKR has served as Global Atlantic’s asset manager, offering access to its global investment and or ...

NEW YORK--(BUSINESS WIRE)--KKR today announced a monetization activity update for the period from October 1, 2023 to December 21, 2023. Based on information available to us as of today, with respect to the period through December 21, 2023, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million. Our monetization activity quarter-to-date is made up of approximately 70% gross realized carried interest and approximately ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the Transition period from to . Commission File Number 001-34820 KKR & CO. INC. (Exact name of Registrant as specified in its charter) Delaware 88-1203639 (State or other Jurisdiction of Incorpo ...

KKR & Co. Inc. (NYSE:KKR) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Craig Larson - IR Robert Lewin - CFO Scott Nuttall - Co-CEO Conference Call Participants Craig Siegenthaler - Bank of America Merrill Lynch Glenn Schorr - Evercore Steven Chubak - Wolfe Research Alexander Blostein - Goldman Sachs Patrick Davitt - Autonomous Research Brian McKenna - JMP Securities Benjamin Budish - Barclays Brian Bedell - Deutsche Bank Michael Brown - KBW Michael Cyprys - Morgan Stanl ...

Financial Data and Key Metrics Changes - Fee-related earnings per share for Q2 2023 were reported at $0.67, with after-tax distributable earnings at $0.73 per share [3][5] - Management fees reached $749 million, with total fee-related revenues of $967 million, reflecting a 7% increase from the previous quarter and a 25% increase year-over-year [4][5] - Fee-related earnings totaled $602 million, showing a 10% improvement from the last quarter and a 31% increase year-over-year [4][5] Business Line Data and Key Metrics Changes - Realized performance income for the quarter was $149 million, while realized investment income was $115 million, leading to total asset management operating earnings of $752 million [5] - The traditional private equity portfolio appreciated by 5% in the quarter and 2% over the last 12 months, with inception-to-date IRRs for flagship funds at 22% [6] - The insurance segment generated $170 million in pretax earnings, with a pretax ROE of 14% to 15% [5][6] Market Data and Key Metrics Changes - The infrastructure portfolio increased by 2% in the quarter and 10% over the last 12 months, indicating strong global performance [7] - The company raised $13 billion in the quarter, with assets under management increasing to $519 billion and fee-paying AUM to $420 billion [8][9] Company Strategy and Development Direction - The company aims to enhance the durability and recurring nature of revenues, with management fees doubling from $1.4 billion in 2020 to $2.9 billion over the last 12 months [12][13] - Focus areas for growth include insurance and private wealth, with significant initiatives in partnerships and product launches [14][17] - The company is strategically positioned to leverage its $100 billion of dry powder for future investments [20][63] Management's Comments on Operating Environment and Future Outlook - Management noted an improving operating backdrop and expressed confidence in the potential for significant and sustainable growth in earnings per share [21][23] - The company anticipates continued scaling of recurring revenue businesses and expects to monetize embedded gains as market conditions improve [20][62] Other Important Information - The company has introduced broad-based employee ownership programs at over 35 companies, impacting over 60,000 employees [10][11] - The company has executed a stock buyback program, repurchasing approximately 6 million shares at an average price of less than $50 per share [21] Q&A Session Summary Question: When do you expect to have the first close for global infrastructure investors V? - Management indicated that they see a high level of activity and strategies in the market but did not provide specific timelines for individual fund closings [25][26] Question: Are buybacks becoming a bigger part of the story going forward? - Management confirmed that share buybacks will continue to be an important part of their capital allocation strategy, alongside other growth initiatives [28][31] Question: Can you provide more color on KPAC and its performance? - Management highlighted the long-term opportunity in alternative investments and noted that they raised $1.9 billion across new strategies, exceeding expectations [33][36] Question: What is the outlook for the insurance business? - Management explained that the decline in ROE was due to a strategic repositioning towards more liquid securities, which was deemed a prudent decision [39] Question: Can you discuss the demand for core private equity? - Management noted significant organic growth in core private equity AUM and expressed optimism about future fundraising opportunities [41][44] Question: What is the current state of the capital markets environment? - Management observed signs of improvement in the capital markets and expressed hope for increased monetization opportunities in the coming quarters [50][62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. ☒ For the quarterly period ended June 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. ☐ For the Transition period from to . Commission File Number 001-34820 KKR & CO. INC. (Exact name of Registrant as specified in its charter) Delaware 88-1203639 (State or other Jurisdiction of (I.R.S. ...