KKR is a global investment firm specializing in asset management, capital markets, and insurance services. The company offers a diverse range of financial products and services, including private equity, real assets, credit strategies, and insurance products, catering to both its portfolio companies and third-party clients . KKR's asset management segment is a major revenue driver, with significant earnings from management fees . The firm's capital markets business provides comprehensive capital solutions, while its insurance operations, managed by Global Atlantic, focus on retirement, life, and reinsurance products .
-
Asset Management - Manages investments across five business lines, generating revenue through management fees, incentive fees, carried interest, and transaction fees.
- Private Equity - Invests in private companies to drive growth and operational improvements.
- Real Assets - Focuses on investments in infrastructure and real estate.
- Credit and Liquid Strategies - Offers credit investment opportunities and liquid market strategies.
- Capital Markets - Provides capital solutions, including debt and equity financing and securities underwriting.
- Principal Activities - Engages in proprietary investment activities.
-
Capital Markets - Provides traditional and non-traditional capital solutions, including arranging debt and equity financing, underwriting securities offerings, and offering capital markets advice to both KKR's portfolio companies and third-party clients.
-
Insurance - Operated by Global Atlantic, offers retirement, life, and reinsurance products, earning income through the spread between investment income and policyholder benefits costs.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
George R. Roberts ExecutiveBoard | Co-Executive Chairman | Founder and Chairman of REDF; Trustee: Claremont McKenna College. | Co-founded KKR in 1976; served as Co-CEO until October 2021; extensive experience in private equity and global investment strategy. | |
Henry R. Kravis ExecutiveBoard | Co-Executive Chairman | Boards: Axel Springer, ICONIQ Capital; Trustee/Chairman Emeritus: Claremont McKenna College, Columbia Business School, Mount Sinai Hospital, Rockefeller University, Sponsors for Educational Opportunity. | Co-founded KKR in 1976; served as Co-CEO until October 2021; over four decades of experience in private equity and global investment leadership. | |
Joseph Y. Bae ExecutiveBoard | Co-Chief Executive Officer | Co-Founder and Board Member of The Asian American Foundation; Member of Harvard University’s Global Advisory Council; Board Member of Lincoln Center. | Joined KKR in 1996; architect of KKR’s Asia expansion; led private markets businesses and thematic investment strategies. | View Report → |
Scott C. Nuttall ExecutiveBoard | Co-Chief Executive Officer | Former Board Member of Fiserv, Inc.; Co-Chairman of Teach for America – New York. | Joined KKR in 1996; led strategic initiatives, including KKR’s public listing and development of capital markets and insurance businesses. | |
Dane E. Holmes Executive | Chief Administrative Officer | Chairman of Storycorps; Board Member of The Ron Brown Scholar Program. | Joined KKR as CAO in 2023; former CEO of Eskalera and Global Head of Human Capital Management at Goldman Sachs. | |
Kathryn K. Sudol Executive | Chief Legal Officer | Trustee of New York University School of Law. | Joined KKR in 2022; former Global Co-Head of M&A at Simpson Thacher; extensive legal expertise in corporate and private equity transactions. | |
Robert H. Lewin Executive | Chief Financial Officer | Board Member of Answer the Call. | Joined KKR in 2004; previously co-led credit and capital markets businesses; played a key role in KKR’s Asia expansion. | |
Ryan D. Stork Executive | Chief Operating Officer | None. | Joined KKR in 2022; former Deputy COO and Chairman of Asia Pacific at BlackRock; extensive experience in financial services. | |
Adriane M. Brown Board | Director | Boards: American Airlines, Axon Enterprise, eBay; Member of International Women’s Forum. | Joined KKR’s Board in 2021; former President and COO of Intellectual Ventures; extensive leadership experience in technology and industrial companies. | |
Arturo Gutiérrez Board | Director | CEO of Arca Continental; Boards: Piasa, Jugos del Valle; Member: U.S.-Mexico CEO Dialogue, Consumer Goods Forum in Latin America. | Joined KKR’s Board in 2021; extensive leadership experience in multinational operations and consumer goods. | |
Evan T. Spiegel Board | Director | CEO and Board Member of Snap Inc.; Founder of Spiegel Family Fund; Board Member of Berggruen Institute. | Joined KKR’s Board in 2021; co-founder and CEO of Snap Inc.; extensive experience in technology and innovation. | |
Kimberly A. Ross Board | Director | Boards: Nestlé, Northrop Grumman, The Cigna Group. | Joined KKR’s Board in 2023; former CFO of WeWork, Baker Hughes, and Avon; extensive expertise in corporate finance and strategy. | |
Mary N. Dillon Board | Director | President and CEO of Foot Locker; Former Board Member of Starbucks, Target, and Ulta Beauty. | Joined KKR’s Board in 2018; extensive experience in consumer-driven businesses; former CEO of Ulta Beauty. | |
Matthew R. Cohler Board | Director | Boards: Asana, 1stDibs; Trustee: Environmental Defense Fund; Vice President: San Francisco Symphony; Member: Chan Zuckerberg Initiative, Yale Investments Office. | Joined KKR’s Board in 2021; former General Partner at Benchmark; early executive at Facebook and LinkedIn; extensive experience in venture capital and technology. | |
Patricia F. Russo Board | Director | Chairman of Hewlett Packard Enterprise; Director of Merck & Co. and General Motors. | Joined KKR’s Board in 2011; former CEO of Alcatel-Lucent; extensive experience in corporate governance and leadership. | |
Robert W. Scully Board | Director | Boards: Zoetis, Chubb Limited; Member of Teach For All and Nassau Hall Society at Princeton University. | Joined KKR’s Board in 2010; over 35 years of experience in financial services; former executive at Morgan Stanley. | |
Xavier B. Niel Board | Director | Founder and Chairman of Iliad SA; Founder of Kima Ventures, 42, and Station-F. | Joined KKR’s Board in 2018; entrepreneur and leader in telecommunications and technology sectors. |
-
Given that you don't expect $400-plus million to be the new quarterly run rate for your Capital Markets business , how do you plan to sustain or grow revenues in that segment, considering its significant contribution this quarter?
-
With the potential impacts of tariffs and a trade war on your portfolio companies , what specific measures are you taking to mitigate these risks, especially for sectors that might be negatively affected?
-
Regarding your target of 14%-15% pretax ROE for Global Atlantic , given the upfront costs and variability in growth you've mentioned, can you elaborate on the concrete steps you're taking to achieve this target, and whether the 2026 timeline is still realistic?
-
Your asset-backed finance business has grown over 40% to $66 billion in AUM , can you provide more details on the credit quality and risk management practices in place, especially considering the rapid expansion in this area?
-
In light of the challenges in the real estate market and evolving investor sentiment , how confident are you in scaling your real estate equity platforms, and what strategies are you implementing to address potential headwinds in fundraising and deployment?
Research analysts who have asked questions during KKR & Co. earnings calls.
Craig Siegenthaler
Bank of America
4 questions for KKR
Glenn Schorr
Evercore ISI
4 questions for KKR
Michael Cyprys
Morgan Stanley
4 questions for KKR
Patrick Davitt
Autonomous Research
4 questions for KKR
Steven Chubak
Wolfe Research
4 questions for KKR
Alexander Blostein
Goldman Sachs
3 questions for KKR
Benjamin Budish
Barclays PLC
3 questions for KKR
Brian Bedell
Deutsche Bank
3 questions for KKR
Daniel Fannon
Jefferies Financial Group Inc.
3 questions for KKR
Kyle Voigt
Keefe, Bruyette & Woods
3 questions for KKR
Michael Brown
Wells Fargo Securities
3 questions for KKR
William Katz
TD Cowen
3 questions for KKR
Arnaud Giblat
BNP Paribas
2 questions for KKR
Brian McKenna
Citizens JMP Securities
2 questions for KKR
Alex Blostein
Goldman Sachs
1 question for KKR
Ben Budish
Barclays PLC
1 question for KKR
Bill Katz
TD Securities
1 question for KKR
Christoph Kotowski
Oppenheimer & Co. Inc.
1 question for KKR
John Barnidge
Piper Sandler
1 question for KKR
Vikram Gandhi
HSBC
1 question for KKR
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
USI Insurance Services | 2025 | KKR announced plans to increase its stake in USI Insurance Services as part of a broader $1.1 billion investment in its Strategic Holdings segment, with the transaction expected to close in the first half of 2025 and executed in partnership with Chubb. |
1-800 Contacts | 2025 | KKR arranged to boost its ownership in 1-800 Contacts as part of the same Strategic Holdings initiative, contributing to roughly $3.7 billion of revenue and slated for completion in the first half of 2025. |
Heartland Dental | 2025 | KKR is set to increase its stake in Heartland Dental along with USI and 1-800 Contacts through a total investment of $2.1 billion, aligning with its long-term private equity strategy and expected to close in the first half of 2025. |
The Global Atlantic Financial Group LLC | 2024 | KKR completed the acquisition of the remaining 37% of Global Atlantic Financial Group LLC on January 2, 2024, for approximately $2.6 billion in cash and $41 million in exchangeable securities, resulting in 100% ownership and a reduction in noncontrolling interests. |
FGS Global | 2023 | KKR acquired FGS Global, a leading strategic communications advisory firm, as part of its European Private Equity operations, leveraging over a decade-long management relationship to bolster its proprietary opportunities. |
Vantage Towers | 2023 | In a take‐private transaction executed with Vodafone, KKR acquired Vantage Towers—the second‐largest telecom tower company in Europe—funded primarily by its diversified core Infrastructure Fund. |
Mitsubishi Corp.-UBS Realty Inc. | 2022 | KKR completed an all-cash acquisition of Mitsubishi Corp.-UBS Realty Inc. for approximately JPY 230 billion (about $1.8 billion), subsequently renaming it to KJR Management to enhance its real estate asset management business in Japan. |
Recent press releases and 8-K filings for KKR.
- Revenues of $3,334 million in Q3 2025, up 28.2% year-over-year; Gross Profit of $392 million, up 21.3%; Adjusted EBITDA of $160 million, up 37.2%
- Net income from continuing operations of $37.5 million versus a net loss of $25.7 million in Q3 2024
- Raised full-year 2025 Revenue guidance to $12,500–12,800 million (24.1–27.1% growth) and reiterated Adjusted EBITDA guidance of $605–615 million (31.5–33.7% growth)
- Planned divestiture of the Community Living business to Sevita expected to close in Q1 2026; Leverage was 3.31x at September 30, 2025
- KKR, with $686 billion AUM, is in talks to acquire Costa Coffee from Coca-Cola for around £1.5 billion, facing competition from Bain Capital and TDR Capital.
- The news sparked a 2.3% premarket stock rise for KKR shares.
- Costa Coffee operates over 2,000 UK and 3,000 global stores, with 2023 revenues of £1.22 billion (up 9% YoY but below the £1.3 billion 2018 pre-acquisition level).
- KKR’s financials show a 3-year revenue decline of -3.2%, net margin of 12.82%, and an Altman Z-Score of 0.67, indicating potential distress.
- KKR and Quadrantis Capital will acquire minority stakes in Hong Kong-based reinsurer Peak Re, with KKR obtaining approximately 11.27% and Quadrantis 1.80%, while Fosun retains about 86.71%.
- The transaction follows Prudential Financial’s divestment of its roughly 13.07% indirect stake in Peak Re.
- The deal is expected to close in Q4 2025, subject to regulatory approvals.
- KKR underscores Asia’s emergence as a growth engine for insurance and highlights Peak Re’s disciplined underwriting and strong governance; Peak Re expects the partnerships to enhance global client service without impacting stability.
- BrightSpring posted preliminary third quarter revenue of $3.334 billion, up 28.2% year-over-year, net income of $37.5 million versus a $25.7 million loss last year, and Adjusted EBITDA of $160 million (+37.2%).
- Full-year 2025 guidance was increased to $12.4 billion–$12.7 billion in revenue (23.1%–26.1% growth) and $605 million–$615 million in Adjusted EBITDA (31.5%–33.7% growth).
- The company plans to divest its Community Living business to Sevita, expected to close in early Q1 2026.
- KKR launched Galaxy Container Solutions, a new container leasing and financing company with $500 million in committed capital under its Asset-Based Finance strategy.
- Galaxy aims to serve shipping lines worldwide, offering leasing and financing options to support fleet growth and balance sheet optimization.
- The platform is led by CEO Jeffrey Gannon, COO Adrian Dunner, and CFO Stephen Controulis, who bring experience from Global Container International.
- The launch coincides with container leasing industry consolidation, including Brookfield’s acquisition of Triton International and Stonepeak’s purchase of Textainer.
- KKR & Co.-managed credit funds led $320 million in preferred equity and debt financing, alongside $30 million from founding partners—totaling $350 million—to launch BOND, the world’s first premium fractional aviation company.
- BOND placed a $1.7 billion firm order and service agreement with Bombardier for 50 Challenger 3500 and Global 6500 aircraft, plus options for 70 additional jets, potentially exceeding $4 billion in value.
- The service offers fractional ownership with the lowest owner-to-aircraft ratio, a 100% super-mid and large cabin fleet, flight attendants on every flight, and an integrated OEM–operator service agreement for enhanced reliability.
- Under Bill Papariella as Chairman and Group CEO, members will begin flying in early 2027 through a high-touch, capital-efficient model designed for exclusivity and reliability.
- Sapporo Holdings selected a consortium led by KKR and PAG as preferred bidders for its office buildings and commercial facilities subsidiary.
- The proposed sale values the real estate unit at approximately 400 billion yen (about $2.6 billion).
- Sapporo aims to finalize the deal by year-end, with an agreement expected in November, though a final deal is not guaranteed.
- News of the potential transaction drove increased trading activity in KKR shares.
- KKR's ToltIQ inaugurated an AWS region in Dublin to extend its AI-powered due diligence platform to UK and European private markets, ensuring local data residency under GDPR and EU AI Act requirements.
- Mat Stephens, former EMEA IT head at KKR, was appointed Head of European Operations while retaining his role as Global CISO, to drive regional expansion.
- European clients will access the full suite of AI capabilities—including automated document analysis, risk assessment, and financial insight extraction—previously available to US users.
- KKR will pay $950 million for a 50% stake in TotalEnergies’ North American solar portfolio, valuing the assets at $1.25 billion.
- The portfolio comprises six utility-scale solar assets (1.3 GW) and 41 distributed generation projects (140 MW), primarily in the U.S..
- Proceeds will aid TotalEnergies in its strategy to divest up to half of renewable assets at commercial operation and help reduce its $26 billion debt as of June 30, 2025.
- KKR has now committed over $23 billion to energy transition projects, reinforcing its focus on long-term renewable investments.
- KKR is making a growth investment into Infobric, becoming a significant shareholder alongside majority investor Stirling Square and Infobric’s management team.
- The investment will support Infobric’s continued product innovation, geographic expansion, and strategic M&A activities to accelerate growth.
- Infobric currently serves over 12,000 general contractors, 75,000 subcontractors, and 450,000 app users across the Nordics and the UK.
- As part of the transaction, Summa Equity will exit its minority stake; financial terms of the deal are not disclosed.