KKR (KKR) Bank of America Financial Services Conference 2026 summary

Business model and structure

• Operates three synergistic segments: asset management, insurance, and strategic holdings, each reinforcing the others.

• Asset management has over $740 billion AUM, with growth opportunities by scaling existing strengths.

• Insurance segment, Global Atlantic, grew from $72 billion to $220 billion in assets in five years, leveraging synergies with asset management.

• Strategic Holdings focuses on long-term ownership of businesses, generating compounding cash flow with minimal added headcount.

• Collaborative culture is emphasized as a key driver of performance and alpha generation.

Recent acquisition and expansion

• Acquired Arctos, a leader in sports team stakes, with $15 billion AUM and $10 billion fee-paying AUM.

• Arctos brings expertise in GP Solutions and secondaries, areas with significant growth potential.

• The acquisition is expected to help build a $100+ billion AUM business in the secondaries market.

• Integration of Arctos is a top strategic priority through 2026.

• Plans to innovate in the secondaries space, leveraging Arctos' talent and KKR's resources.

Macro environment and outlook

• 2026 is anticipated to be constructive for capital markets, with increased M&A, IPO activity, and potential Fed rate cuts.

• Despite macro complexity, significant investment in resources provides differentiated insights.

• Expects more deployment and monetization opportunities in 2026, benefiting clients and shareholders.