KKR Announces Intra-Quarter Monetization Activity Update for the Third Quarter
KKR has announced significant monetization activity for the third quarter of 2024, with income exceeding $535 million from July 1 to September 23. The Asset Management segment generated over $450 million in realized performance income and investment income, with approximately 70% coming from performance income and 30% from investment income. This includes expected crystallization of performance income from a K-Series vehicle on September 30.
The Strategic Holdings segment contributed about $85 million in net realized investment income, excluding Operating Earnings. These results stem from public secondary sales, strategic transactions, dividends, and interest income. KKR emphasizes that these figures are estimates and do not represent total revenues for the full quarter ending September 30, 2024, as they don't include other income sources or expenses.
KKR ha annunciato un'attività di monetizzazione significativa per il terzo trimestre del 2024, con entrate superiori a 535 milioni di dollari dal 1 luglio al 23 settembre. Il segmento di Gestione degli Attivi ha generato oltre 450 milioni di dollari in reddito da performance realizzati e reddito da investimenti, con circa 70% proveniente dal reddito da performance e 30% dal reddito da investimenti. Questo include la cristallizzazione attesa del reddito da performance da un veicolo K-Series per il 30 settembre.
Il segmento Partecipazioni Strategiche ha contribuito con circa 85 milioni di dollari in reddito da investimenti netti realizzati, escludendo gli Utile Operativi. Questi risultati derivano da vendite secondarie pubbliche, transazioni strategiche, dividendi e redditi da interessi. KKR sottolinea che queste cifre sono stime e non rappresentano i ricavi totali per l'intero trimestre che termina il 30 settembre 2024, in quanto non includono altre fonti di reddito o spese.
KKR ha anunciado una actividad de monetización significativa para el tercer trimestre de 2024, con ingresos que superan los 535 millones de dólares desde el 1 de julio hasta el 23 de septiembre. El segmento de Gestión de Activos generó más de 450 millones de dólares en ingresos de rendimiento realizados e ingresos de inversión, con aproximadamente 70% procedente de ingresos por rendimiento y 30% de ingresos por inversión. Esto incluye la cristalización esperada de ingresos por rendimiento de un vehículo K-Series el 30 de septiembre.
El segmento de Participaciones Estratégicas contribuyó con aproximadamente 85 millones de dólares en ingresos netos de inversión realizados, excluyendo las Ganancias Operativas. Estos resultados provienen de ventas secundarias públicas, transacciones estratégicas, dividendos e ingresos por intereses. KKR enfatiza que estas cifras son estimaciones y no representan los ingresos totales para el trimestre completo que finaliza el 30 de septiembre de 2024, ya que no incluyen otras fuentes de ingresos o gastos.
KKR는 2024년 3분기에 대한 상당한 수익화 활동을 발표했으며, 7월 1일부터 9월 23일까지 수익이 5억 3500만 달러를 초과했습니다. 자산 관리 부문은 성과 수익 및 투자 수익으로 4억 5000만 달러 이상의 수익을 창출했으며, 약 70%가 성과 수익에서, 30%가 투자 수익에서 발생했습니다. 여기에는 9월 30일에 K-Series 차량에서 발생할 것으로 예상되는 성과 수익의 구체화가 포함됩니다.
전략 보유 부문은 운영 수익을 제외하고 약 8500만 달러의 순 실현 투자 수익을 기여했습니다. 이 결과는 공개 2차 판매, 전략적 거래, 배당금 및 이자 수익에서 파생됩니다. KKR은 이러한 수치가 추정치이며 2024년 9월 30일 종료되는 전체 분기의 총 수익을 나타내지 않는다고 강조했습니다. 이는 다른 수익원이나 비용을 포함하지 않기 때문입니다.
KKR a annoncé une activité de monétisation significative pour le troisième trimestre de 2024, avec des revenus dépassant 535 millions de dollars du 1er juillet au 23 septembre. Le segment de la Gestion d'Actifs a généré plus de 450 millions de dollars de revenus de performance réalisés et de revenus d'investissement, avec environ 70% provenant des revenus de performance et 30% des revenus d'investissement. Cela inclut la cristallisation attendue des revenus de performance d'un véhicule K-Series le 30 septembre.
Le segment Participations Stratégiques a contribué environ 85 millions de dollars de revenus d'investissement nets réalisés, hors bénéfices d'exploitation. Ces résultats proviennent de ventes secondaires publiques, de transactions stratégiques, de dividendes et de revenus d'intérêts. KKR souligne que ces chiffres sont des estimations et ne représentent pas les revenus totaux pour le trimestre complet se terminant le 30 septembre 2024, car ils n'incluent pas d'autres sources de revenus ou dépenses.
KKR hat eine signifikante Monetarisierungsaktivität für das dritte Quartal 2024 angekündigt, mit einem Einkommen von über 535 Millionen US-Dollar vom 1. Juli bis zum 23. September. Der Bereich Asset Management erzielte über 450 Millionen US-Dollar an realisierten Leistungs- und Investitionseinkommen, wobei ungefähr 70% aus Leistungseinkommen und 30% aus Investitionseinkommen stammen. Dies umfasst die erwartete Kristallisation des Leistungseinkommens aus einem K-Series-Fahrzeug am 30. September.
Der Bereich Strategische Beteiligungen trug etwa 85 Millionen US-Dollar an netto realisierten Investitionseinkommen bei, ohne die Betriebsergebnisse. Diese Ergebnisse stammen aus öffentlichen Sekundärverkäufen, strategischen Transaktionen, Dividenden und Zinserträgen. KKR betont, dass diese Zahlen Schätzungen sind und nicht die gesamten Einnahmen für das gesamte Quartal, das am 30. September 2024 endet, darstellen, da sie andere Einkommensquellen oder Ausgaben nicht enthalten.
- Total monetization activity income exceeds $535 million for the partial third quarter
- Asset Management segment earned over $450 million in realized performance and investment income
- Strategic Holdings segment generated approximately $85 million in net realized investment income
- Diverse income sources including public secondary sales, strategic transactions, dividends, and interest income
- None.
Insights
KKR's intra-quarter update reveals significant monetization activity, with over
The breakdown of
The Strategic Holdings segment's
While these figures are impressive, investors should note that they don't represent the full quarter's performance and exclude other income sources and expenses. The strong monetization activity, however, bodes well for KKR's Q3 2024 results and could positively impact shareholder returns.
In its Asset Management segment, KKR has earned total realized performance income and realized investment income in excess of
In addition, in its Strategic Holdings segment, KKR has earned net realized investment income of approximately
Monetization activity across both segments is primarily driven by a combination of public secondary sales and strategic transactions that have closed quarter-to-date, as well as dividends and interest income.
The estimates disclosed above are not intended to predict or represent total realized performance income, realized investment income from the Asset Management segment, net realized investment income from the Strategic Holdings segment or total revenues for the full quarter ending September 30, 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. Each of the estimates disclosed above are based on information available to us as of today with respect to the period from July 1, 2024 through September 23, 2024. These estimates are 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 and expectations about performance income. 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
What is KKR's monetization activity income for Q3 2024 so far?
How much realized performance and investment income did KKR's Asset Management segment earn?
What is the breakdown of KKR's Asset Management segment income for Q3 2024?
How much net realized investment income did KKR's Strategic Holdings segment generate?
