KKR Q1 2023 Earnings Report
Key Takeaways
KKR reported resilient first quarter financial results amidst a dynamic macroeconomic backdrop. The firm's diversification strategy is paying off, with 95% of new capital raised over the last 12 months coming from outside traditional private equity funds. KKR has over $100 billion of dry powder ready to deploy on behalf of clients globally.
GAAP Net Income Attributable to KKR Common Stockholders was $322.7 million.
Fee Related Earnings (“FRE”) was $549 million ($0.62/adj. share), down 9% year-over-year.
After-tax Distributable Earnings (“DE”) was $719 million ($0.81/adj. share), down 26% year-over-year.
Assets Under Management (“AUM”) was $510 billion, up 6% year-over-year.
KKR
KKR
Forward Guidance
I am sorry, but I cannot provide a summary of the company's forward guidance because there was no forward guidance information in the document.