KKR reported record fee-related earnings in Q3, with adjusted net income rising 29% to $1.65bn. The sale of insurance broker USI will add approximately $2bn to adjusted net income in Q4. Co-CEOs Joseph Bae and Scott Nuttall stated the firm expects to return over $40 billion to clients in 2026, surpassing previous records by more than 50%.
All per-share measures hit records on both quarterly and trailing 12-month bases. On a GAAP basis, net income attributable to common stockholders rose to $1.12bn, or $1.19 per diluted share, up from $860m a year earlier.
Source: PE Insights · Summarized by HeadlinesBriefing