KKR (KKR) 2026 RBC Capital Markets Global Financial Institutions Conference summary

Strategic priorities and business model

• Focused on executing a business model combining asset management, insurance, and strategic holdings in 2026, with private wealth and integration of recent acquisitions like Arctos as key priorities.

• Emphasis on generating exceptional investment performance and building private wealth platforms for long-term growth.

• Insurance strategy leverages sourcing, origination, and third-party capital to build a differentiated business.

• Ongoing investment in people and culture, celebrating a 50-year legacy and aiming to preserve collaborative values.

Culture and employee ownership

• Unique single P&L structure incentivizes collaboration and mobility, with global carried interest sharing.

• Broad-based employee ownership programs in portfolio companies have distributed $1.7 billion to 30,000 non-management employees, improving engagement and financial performance.

• Businesses with employee ownership have delivered 50% better returns and doubled EBITDA over the hold period.

Macro environment and capital deployment

• Despite geopolitical and policy volatility, capital markets remain robust and monetization activity is healthy, with notable exits in software and healthcare.

• Over half of investment professionals are outside the U.S., supporting global capital deployment.

• Nearly $120 billion in dry powder positions the firm to invest during market dislocations, with $6.5 billion allocated to insurance.