{"id":765668,"date":"2023-06-23T06:53:16","date_gmt":"2023-06-23T10:53:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-announces-intra-quarter-monetization-activity-update-for-the-second-quarter\/"},"modified":"2023-06-23T06:53:16","modified_gmt":"2023-06-23T10:53:16","slug":"kkr-announces-intra-quarter-monetization-activity-update-for-the-second-quarter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-announces-intra-quarter-monetization-activity-update-for-the-second-quarter\/","title":{"rendered":"KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter"},"content":{"rendered":"

<\/p>\n

KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nKKR today announced a monetization activity update for the period from April 1, 2023 to June 23, 2023. Based on information available to us as of today, with respect to the period through June 23, 2023, KKR has earned gross realized carried interest and total realized investment income of greater than $200 million. Our monetization activity quarter-to-date is made up of approximately 60% gross realized carried interest and approximately 40% realized investment income. This activity is driven primarily by strategic and secondary sale transactions that have closed quarter-to-date, as well as dividend and interest income from KKR\u2019s balance sheet portfolio.\n<\/p>\n

\nThe 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 June 30, 2023, 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. 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, 2023.\n<\/p>\n

About KKR<\/b><\/p>\n

\nKKR 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\u2019s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR\u2019s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR\u2019s website at www.kkr.com<\/a> and on Twitter @KKR_Co.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may contain forward-looking statements, including estimated operating results from certain monetization activities. Words such as \u201cexpect,\u201d estimate,\u201d \u201cwill,\u201d \u201cmay\u201d and \u201cbelieve\u201d 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230623595349\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/b>
Craig Larson
\n
1-877-610-4910 (U.S.) \/ 212-230-9410
\n
investor-relations@kkr.com<\/a><\/p>\n

Media:
\n<\/b>
Kristi Huller, Miles Radcliffe-Trenner or Julia Kosygina
\n
1-212-750-8300
\n
media@kkr.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter NEW YORK–(BUSINESS WIRE)– KKR today announced a monetization activity update for the period from April 1, 2023 to June 23, 2023. Based on information available to us as of today, with respect to the period through June 23, 2023, KKR has earned gross realized carried interest and total realized investment income of greater than $200 million. Our monetization activity quarter-to-date is made up of approximately 60% gross realized carried interest and approximately 40% realized investment income. This activity is driven primarily by strategic and secondary sale transactions that have closed quarter-to-date, as well as dividend and interest income from KKR\u2019s balance sheet portfolio. The estimate disclosed above is not intended … <\/p>\n

Continue reading “KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765668","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-announces-intra-quarter-monetization-activity-update-for-the-second-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KKR Announces Intra-Quarter Monetization Activity Update for the Second Quarter NEW YORK–(BUSINESS WIRE)– KKR today announced a monetization activity update for the period from April 1, 2023 to June 23, 2023. Based on information available to us as of today, with respect to the period through June 23, 2023, KKR has earned gross realized carried interest and total realized investment income of greater than $200 million. Our monetization activity quarter-to-date is made up of approximately 60% gross realized carried interest and approximately 40% realized investment income. This activity is driven primarily by strategic and secondary sale transactions that have closed quarter-to-date, as well as dividend and interest income from KKR\u2019s balance sheet portfolio. 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