- Kkr & Co L.P.
- 07 November 2025 13:28:18
Source: Sharecast
The New York-based firm reported adjusted net income of $1.27bn in the three months to September end. That was up from $1.18bn a year previously and comfortably ahead of the $1.17bn expected by Wall Street.
Fee-related earnings rose 3% to $1.03bn, while assets under management jumped 16% to $723bn after KKR raised $43bn during the third quarter.
The firm is targeting assets of $1trn by 2030.
In a joint statement, co-chief executive officers Joseph Bae and Scott Nuttall said: "New capital raised reached $43bn, the highest quarterly figure in over four years, reflecting the trust we’ve built with our investors and continued momentum across our businesses.
"With a record $126bn of dry powder, we remain increasingly well position to help our clients navigate the current environment."
Dry powder is money that investors have pledged but has yet to be used.
As at 1300 GMT, the stock had put on 5% in pre-market trading.