KKR (KKR) Investor presentation summary

Business overview and growth strategy

• Operates as a global investment firm with $758 billion in AUM and 4,200 employees across 35 offices worldwide, spanning credit, private equity, and real assets.

• Business model is driven by three growth engines: asset management, insurance, and strategic holdings, with a focus on recurring earnings and leadership in key markets.

• Employees own approximately 30% of outstanding stock, aligning interests and supporting a collaborative culture.

• Significant expansion since 2020, with AUM tripling and perpetual capital increasing from $72 billion to $326 billion.

Financial performance and earnings

• Management fees reached $1.19 billion in 1Q'26, up 30% year-over-year; fee related earnings were $1.02 billion, up 24%.

• Adjusted net income for 1Q'26 was $1.25 billion, a 21% increase from the prior year.

• Total operating earnings for 1Q'26 were $1.33 billion, up 19% year-over-year.

• AUM grew 14% year-over-year to $758 billion, with fee-paying AUM at $615 billion, up 17%.

Asset management segment

• AUM has grown at an 18% CAGR since 2010, reaching $758 billion in 1Q'26, with diversified exposure across credit, private equity, and real assets.

• Management fee profile is diversified and fast-growing, with a 26% CAGR in management fees since 2010.

• Fundraising momentum continues, with approximately 30 strategies targeted for capital raising in the next 12–18 months.

• Private wealth initiatives have doubled K-Series AUM year-over-year, and new public-private investment solutions have been launched.