Summary
KKR & Co. Inc. (KKR) reported its annual results for the fiscal year ended December 30, 2016. The firm, a global investment leader across various asset classes, demonstrated resilience amidst market conditions. The report highlights KKR's robust performance in its Private Markets segment, which saw significant growth in Assets Under Management (AUM) driven by strong capital raising. The Public Markets segment also showed positive AUM growth, indicating expansion in credit and hedge fund strategies. Key developments for the period include strategic transactions and capital allocation initiatives, such as a planned increase in quarterly distributions to common unit holders and an expanded common unit repurchase program. KKR's operational focus remains on driving value creation within its portfolio companies and expanding its global investment platform. The firm's diversified business model and strategic geographical presence position it to navigate market complexities and capitalize on future opportunities.
Financial Highlights
28 data points| Revenue | $2.04B |
| Interest Expense | $789.95M |
| Net Income | $309.31M |
Key Highlights
- 1Total AUM across all segments reached $139.5 billion as of December 31, 2016, with Private Markets AUM at $73.8 billion and Public Markets AUM at $55.7 billion.
- 2Net Income Attributable to KKR & Co. L.P. Common Unitholders was $287.1 million for the year ended December 31, 2016.
- 3The firm announced an intention to increase its regular quarterly distribution to common unitholders from $0.16 to $0.17 per common unit.
- 4KKR authorized an incremental $250 million for common unit repurchases, adding to the existing repurchase program.
- 5The Private Markets segment saw a notable increase in AUM due to new capital raised, particularly in Americas Fund XII, and positive performance across its portfolio.
- 6KKR's 2006 Fund, a legacy fund, showed a cumulative gross IRR of 25.6% from inception to December 31, 2016, outperforming major indices.
- 7The firm continues to emphasize its 'one-firm' approach, aligning employee interests with those of unitholders and fund investors through equity ownership and carry pool allocations.