KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter
KKR has reported strong monetization activity from October 1 to December 17, 2024, with total realized performance income and investment income exceeding $725 million. The Asset Management segment's performance was primarily driven by realized carried interest, accounting for over 50% of the quarter-to-date activity. Revenue sources included secondary sales, strategic transactions, dividends, interest income, and incentive fees from Marshall Wace.
The company notes that this update is not predictive of the full quarter's performance ending December 31, 2024, as it doesn't include other income sources, expenses, or potential gains/losses after the release date.
KKR ha riportato una forte attività di monetizzazione dal 1 ottobre al 17 dicembre 2024, con un reddito da performance e da investimenti realizzati che supera $725 milioni. La performance del segmento Gestione Attivi è stata principalmente guidata dagli interessi realizzati, che hanno rappresentato oltre il 50% dell'attività del trimestre fino ad oggi. Le fonti di reddito includevano vendite secondarie, transazioni strategiche, dividendi, reddito da interessi e commissioni incentivanti da Marshall Wace.
L'azienda sottolinea che questo aggiornamento non è predittivo della performance completa del trimestre che si concluderà il 31 dicembre 2024, poiché non include altre fonti di reddito, spese o potenziali guadagni/perdite dopo la data di rilascio.
KKR ha reportado una fuerte actividad de monetización del 1 de octubre al 17 de diciembre de 2024, con ingresos totales por rendimiento e ingresos de inversión realizados que superan $725 millones. El rendimiento del segmento de Gestión de Activos fue impulsado principalmente por los intereses realizados, representando más del 50% de la actividad del trimestre hasta la fecha. Las fuentes de ingresos incluyeron ventas secundarias, transacciones estratégicas, dividendos, ingresos por intereses y tarifas de incentivo de Marshall Wace.
La empresa señala que esta actualización no es predictiva del rendimiento del trimestre completo que finalizará el 31 de diciembre de 2024, ya que no incluye otras fuentes de ingresos, gastos o ganancias/pérdidas potenciales después de la fecha de publicación.
KKR는 2024년 10월 1일부터 12월 17일까지 강력한 수익 창출 활동을 보고했으며, 총 실현된 성과 수익과 투자 수익이 $725 백만을 초과했습니다. 자산 관리 부문의 성과는 주로 실현된 지속적 이익에 의해 주도되었으며, 이는 분기까지의 활동 중 50% 이상을 차지했습니다. 수익 원천에는 2차 판매, 전략적 거래, 배당금, 이자 소득 및 Marshall Wace의 인센티브 수수료가 포함되었습니다.
회사는 이 업데이트가 2024년 12월 31일에 종료될 전체 분기의 성과를 예측할 수 없다고 언급하며, 업데이트가 발행된 이후의 기타 수익원, 비용 또는 잠재적인 손익을 포함하지 않은 점을 강조합니다.
KKR a rapporté une forte activité de monétisation du 1er octobre au 17 décembre 2024, avec un revenu total de performance réalisé et un revenu d'investissement dépassant 725 millions de dollars. La performance du segment Gestion d'Actifs a été principalement tirée par les intérêts exercés, représentant plus de 50 % de l'activité depuis le début du trimestre. Les sources de revenus comprenaient des ventes secondaires, des transactions stratégiques, des dividendes, des revenus d'intérêts et des frais d'incitation de Marshall Wace.
L'entreprise souligne que cette mise à jour n'est pas prédictive de la performance complète du trimestre qui se terminera le 31 décembre 2024, car elle n'inclut pas d'autres sources de revenus, de dépenses ou de gains/pertes potentiels après la date de publication.
KKR hat vom 1. Oktober bis zum 17. Dezember 2024 eine starke Monetarisierungsaktivität gemeldet, mit einem insgesamt realisierten Leistungseinkommen und Investitionseinkommen von über $725 Millionen. Die Performance des Asset Management-Segments wurde hauptsächlich durch realisierte carried interests angetrieben, die mehr als 50 % der bisherigen Aktivitäten im Quartal ausmachten. Zu den Einnahmequellen gehörten sekundäre Verkäufe, strategische Transaktionen, Dividenden, Zinseinkommen und Anreizgebühren von Marshall Wace.
Das Unternehmen merkt an, dass dieses Update keine Vorhersage über die gesamte Quartalsperformance, die am 31. Dezember 2024 endet, darstellt, da es andere Einkommensquellen, Ausgaben oder potenzielle Gewinne/Verluste nach dem Veröffentlichungsdatum nicht einschließt.
- Quarter-to-date monetization activity exceeded $725 million
- Realized carried interest represents over 50% of total monetization activity
- Diverse revenue streams including secondary sales, strategic transactions, dividends, and incentive fees
- None.
Insights
The estimate disclosed above is not intended to predict or represent total realized performance income, total realized investment income or total revenues for the full quarter ending December 31, 2024, because it does not include the results or impact of any other sources of income, including fee income, or expenses, and we may realize further gains or losses relating to total realized performance income and total realized investment income after the date of this press release. The estimate disclosed above is based on information available to us as of today with respect to the period from October 1, 2024 through December 17, 2024. This estimate is also not necessarily indicative of the results that may be expected for any other period, including the entire year ending December 31, 2024.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including estimated operating results from certain monetization activities. Words such as “expect,” “estimate,” “will,” “may” and “believe” or similar expressions may identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those included in these forward-looking statements, and investors should not place undue reliance on such statements. These forward-looking statements speak only as of the date of this press release, and we do not undertake any obligation to update or revise any of the forward-looking statements to reflect future events or circumstances, except as required by law.
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Source: KKR
FAQ
How much monetization activity did KKR report for Q4 2024 through December 17?
What percentage of KKR's Q4 2024 monetization activity came from carried interest?
What were the main sources of KKR's monetization activity in Q4 2024?
Does KKR's Q4 2024 interim update include all expected income for the full quarter?
