One of the top-tier global players in private market investment, KKR reported Q4 and full-year 2024 financial figures yesterday.

KKR, aka Kohlberg Kravis Roberts, one of the world’s largest players in fields such as private equity, has reported a rise in fourth-quarter net income for 2024, rising to $1.26 billion from $1.04 billion a year earlier. However, for the whole of 2024, net income dropped to $3.076 billion from $3.68 billion in 2023.

Fourth-quarter 2024 stood at $3.258 billion from $4.429 billion, KKR said in a statement. 

Total expenses in Q4 fell to $2.98 billion from $4.06 billion, comprising asset management and strategic holdings, and insurance. 

Total assets under management reached $638 billion at the end of 2024, rising 15 per cent from a year before. Fee-paying AuM also rose 15 per cent, to $512 billion. KKR raised new capital of $27 billion in the quarter and $114 billion for all of 2024.

Along with Blackstone and Carlyle, KKR is one of the main private market investment houses; it has been pushing into the private wealth space in recent years. (See stories here and here about Carlyle and Blackstone.)