KKR (KKR) Investor presentation summary

Business overview and growth strategy

• Operates as a global investment firm with $744 billion in AUM, 4,200 employees, and 36 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.

• Leadership team is highly aligned, with employees owning approximately 30% of outstanding stock.

• Significant expansion in AUM and fee-related earnings since 2020, with perpetual capital and diversified portfolio growth.

Financial performance and fundraising

• Achieved 17% AUM growth to $744 billion and 18% increase in management fees in 2025 versus 2024.

• Fee related earnings rose 14%, and adjusted net income increased 4% (8% excluding a one-time item).

• Raised a record $129 billion in capital in 2025, with strong momentum across flagship and K-Series strategies.

• Deployed $95 billion in capital and realized $930 million in capital markets transaction fees in 2025.

Asset management and product lifecycle

• Asset management AUM reached $744 billion, with an 18% CAGR since 2010, diversified across liquid strategies, alternative credit, leveraged credit, real estate, infrastructure, and private equity.

• Management fee profile grew at a 23% CAGR, with distinct strategies across Americas, Europe, and Asia.

• Over 80% of strategies are not yet scaled, indicating significant future growth potential.

• Targeting capital raises for 30+ strategies in the next 12–18 months, including major flagship funds.