KKR’s second‑quarter earnings jumped sharply, driven by the firm’s record‑breaking $848mn in realised performance profits—more than twice the previous year’s figure. The uptick came as the New York‑based private‑capital group sold its remaining stake in Japanese conglomerate Kokusai Electric at a twenty‑fold gain and its holding in Hyundai Marine Solutions at 7.5 times cost. Other notable sales included US software group One Stream Software and German space company OHB, which relisted earlier this year. The asset sales lifted fee‑based earnings by 37 % year‑on‑year and adjusted net income by 40 %, beating expectations.

KKR’s successful exits enabled a $34 bn inflow of new assets, bringing its total under management to almost $800bn. The firm closed an Asian private‑equity fund and its first fund with Arctos, a sports‑private‑equity pioneer. However, credit‑as‑ing remains a challenge, as KKR raised only $9 bn for new credit assets, a 40 % drop from Q2 2025, and the firm tightened redemptions at its retail credit funds.

The results underline that, despite wider industry dislocations, KKR can still generate outsized returns for impatient investors.