KKR (KKR) UBS Financial Services Conference 2026 summary

Macro and market outlook

• Navigating a nuanced macro environment with geopolitical and fiscal uncertainties, but deal flow and monetizations are expected to accelerate in 2026.

• Pipeline for 2026 is stronger than the previous year, with encouraging early signals despite recent market volatility.

Business model and diversification

• Management fees, fee-related earnings, and adjusted net income have grown significantly over the past two years, outpacing broader market gains.

• Diversification across private equity, real assets, credit, and insurance, with a third of management fees from each business line.

• Over half of investment professionals are based outside the U.S., with a strong presence in Asia-Pacific.

Strategic M&A and Arctos acquisition

• Acquisition of Arctos aligns with the strategy to enter large, high-growth markets like sports, GP solutions, and secondaries.

• Focus on long-duration, near-permanent capital and cultural fit in M&A, aiming to build a $100+ billion business with Arctos.