KKR & Co. (KKR) Issues Q3 Intra-Quarter Monetization Activity Update

KKR (NYSE: KKR) today announced income from monetization activity in excess of $535 million with respect to the period from July 1, 2024 through September 23, 2024 based on information available as of today.

In its Asset Management segment, KKR has earned total realized performance income and realized investment income in excess of $450 million. This amount includes performance income from a K-Series vehicle that is expected to be crystallized at September 30, 2024. This monetization activity quarter-to-date is made up of approximately 70% realized performance income and approximately 30% realized investment income.

In addition, in its Strategic Holdings segment, KKR has earned net realized investment income of approximately $85 million. This net realized investment income does not include Strategic Holdings Operating Earnings.

Monetization activity across both segments is primarily driven by a combination of public secondary sales and strategic transactions that have closed quarter-to-date, as well as dividends and interest income.

The estimates disclosed above are not intended to predict or represent total realized performance income, realized investment income from the Asset Management segment, net realized investment income from the Strategic Holdings segment or total revenues for the full quarter ending September 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. Each of the estimates disclosed above are based on information available to us as of today with respect to the period from July 1, 2024 through September 23, 2024. These estimates are also not necessarily indicative of the results that may be expected for any other period, including the entire year ending December 31, 2024.

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