KKR Reports Record Annual Growth, Strong Performance in Q4 2024 with $114 Billion in New Capital Raised

KKR & Co Inc (NYSE: KKR) has once again demonstrated its strength in the financial sector with impressive growth across its operations, reporting record fee-related earnings and substantial increases in its various portfolios for Q4 2024 and the full year. The company’s stellar performance underscores its ongoing dominance in private equity, infrastructure, and alternative credit sectors.

Q4 2024 Financial Highlights

• Fee-Related Earnings Per Share (FRE): $0.94, up 24% year over year.
• Adjusted Net Income Per Share (ANI): $1.32, up 32% year over year.
• Management Fees: $906 million, up 15% year over year.
• Total Transaction and Monitoring Fees: $324 million in Q4.
• Capital Markets Transaction Fees: $270 million in Q4.
• Fee-Related Revenues: $1.3 billion, up 17% year over year.
• Fee-Related Earnings: $843 million with a 67% FRE margin.

Key Investment and Operating Metrics

• Realized Performance Income: $676 million.
• Total Monetization Activity: $786 million, a 50% year-over-year increase.
• Insurance Operating Earnings: $250 million in Q4.
• Strategic Holdings Operating Earnings: $8 million in Q4.
• Annual Dividend Increase: From $0.70 to $0.74 per share.

Portfolio Performance

KKR’s diversified portfolio has continued to show robust returns across several segments:

• Private Equity Portfolio: Flat in Q4 but up 14% for the year.
• Opportunistic Real Estate Portfolio: Up 1% in Q4, up 4% for the year.
• Infrastructure Performance: Up 2% in Q4, up 14% for the year.
• Leveraged Credit Composite Performance: Up 2% in Q4, up 10% for the year.
• Alternative Credit Composite Performance: Up 2% in Q4, up 12% for the year.

Annual Performance in 2024

• Total New Capital Raised: $114 billion for the year, driven by a broad spectrum of activities across its business lines.
• Gross Realized Performance Income for 2024: $1.8 billion.
• Realized Investment Income for 2024: Over $600 million.
• Capital Invested in 2024: $84 billion.
• Strategic Holdings Revenue (Trailing 12 months): $3.7 billion.
• Strategic Holdings EBITDA (Trailing 12 months): $900 million.

Looking Ahead: Strong Confidence in Future Performance

KKR is showing remarkable resilience and adaptability in the financial markets, achieving significant milestones in capital raising and investment returns. With a $114 billion capital raise and record earnings across multiple sectors, KKR continues to position itself for sustained growth. The planned dividend increase reflects the company’s commitment to returning value to its shareholders while driving strong future performance.