KKR (KKR) Investor presentation summary

Key highlights and growth drivers

• Operates in markets with strong long-term secular tailwinds and multiple growth avenues across asset classes and geographies.

• Differentiated business model combining asset management, insurance, and strategic holdings, generating long-term earnings potential.

• Record results in fee related earnings, total operating earnings, and adjusted net income per share on both quarterly and LTM basis.

• New capital raised and capital invested reached all-time highs, with continued growth in management fees.

• Highest monetization quarter in history, with significant embedded gains and record dry powder for future investments.

Business overview and culture

• Global investment firm with $796 billion in AUM, 50 years of investment experience, and 4,200 employees across 36 offices worldwide.

• Multi-asset expertise spanning credit, private equity, and real assets, with a strong focus on teamwork and a unique One Firm culture.

• Leadership team highly aligned with shareholders, with employees owning ~30% of outstanding stock.

• Emphasis on collaboration, innovation, and best-in-class talent to maximize business impact.

Financial performance and operating metrics

• 2Q'26 management fees rose 26% YoY to $1.25 billion; fee related earnings up 37% to $1.21 billion.

• Total operating earnings increased 29% to $1.54 billion; adjusted net income up 40% to $1.49 billion.

• AUM reached $796 billion (+16% YoY), with $133 billion in new capital raised and $104 billion capital invested over the LTM.

• Uncalled commitments grew 24% YoY to $143 billion, supporting future investment activity.