KKR (KKR) Investor presentation summary

Business overview and growth strategy

• Celebrating 50 years, manages $744 billion in AUM with ~4,200 employees across 36 global offices and three main segments: Asset Management, Insurance, and Strategic Holdings.

• Asset Management spans credit, private equity, and real assets, with significant presence in Americas, Europe, and Asia.

• Business model is purpose-built for growth, leveraging leadership in key markets and recurring earnings from three engines.

• Employees own ~30% of outstanding stock, aligning interests and fostering a collaborative culture.

Financial performance and fundraising

• AUM grew 17% year-over-year to $744 billion; perpetual capital reached $321 billion.

• Management fees increased 18% and fee related earnings rose 14% in 2025 versus 2024.

• Adjusted net income grew 4% (8% excluding a carried interest repayment obligation in 4Q'25).

• Raised a record $129 billion in capital in 2025, with 30+ strategies targeted for fundraising in the next 12-18 months.

• Deployed $95 billion in capital and generated $930 million in capital markets transaction fees in 2025.

Asset management and product lifecycle

• Asset management AUM reached $744 billion, with an 18% CAGR since 2010.

• Management fee profile diversified and growing at a 23% CAGR.

• Over 50% of AUM is not yet scaled, and 80%+ of strategies are still maturing, indicating significant embedded growth potential.

• Private wealth initiatives doubled K-Series AUM to $35 billion in 2025, with new public-private investment solutions launched.