KKR KKR (KKR) Q4 FY24 earnings call
KKR concluded FY24 with robust financial performance, driven by strong fee-related earnings and significant capital raising activities, positioning the firm for accelerated growth in 2025. The company is expanding its Strategic Holdings and wealth management initiatives, including a new partnership with Capital Group, while integrating Global Atlantic more deeply into its investment strategies. Management expressed optimism for a more constructive market environment, expecting increased deployment, monetizations, and fundraising, particularly from flagship funds and new product offerings.
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KKR operating KPIs by quarter
| KPI | This call Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Assets under management (AUM) K-Series | $16BWe are seeing continued scaling with AUM across our K-Series vehicles at $16 billion as of year-end.Source: earnings call transcript | — | — | $35B+AUM across our K-Series vehicles is now over $35 billion.Source: earnings call transcript | $38B+Redemptions totaled around $250 million and AUM now stands at over $38 billion.Source: earnings call transcript | $42BIn total, we brought in $3 billion of capital in Q2, and K-Series AUM now stands at $42 billion compared to approximately 25 a year ago, so up almost 70% year-over-year.Source: earnings call transcript | — |
| Assets under management (AUM) Asset-based finance | ~$70BAnd of that $110 billion, we've got about $70 billion in asset-based finance and another $40 billion in direct lending.Source: earnings call transcript | $74BAnd within that private credit piece, $74 billion of that is in asset-based finance, and ABF year-over-year has grown at a number between 35% and 40%.Source: earnings call transcript | $84BTotal AUM across the ABF franchise, now is $84 billion, that's up 12% just from last quarter, and it's up almost 30% on a year-over-year basis, so very strong growth.Source: earnings call transcript | $85BOur ABF business, which today represents $85 billion of AUM, invested $19 billion of capital last year.Source: earnings call transcript | $90B+That momentum was driven by our asset-based finance business, which represents over $90 billion of AUM today.Source: earnings call transcript | — | — |
| Assets under management (AUM) Infrastructure | — | — | — | ~$100BIn infrastructure, our AUM has grown from approximately $17 billion 5 years ago to around $100 billion today.Source: earnings call transcript | — | ~$120BWe have 1 of the largest infrastructure platforms in the world at approximately $120 billion of AUM.Source: earnings call transcript | — |
| Assets under management (AUM) Arctos | — | — | — | — | ~$16BAs a reminder, Arctos is the leading investor in professional sports franchise stakes and a leader in GP solutions with approximately $16 billion of AUM and $10 billion of fee-paying AUM.Source: earnings call transcript | ~$20BAnd with the closing this quarter, we now manage approximately $20 billion of capital through Arc dose with significant upside in front of us.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.