KKR announces Q3 monetization activity

The company states: “KKR announced income from monetization activity in excess of $535 million with respect to the period from July 1, 2024 through September 23, 2024 based on information available as of today. In its Asset Management segment, KKR has earned total realized performance income and realized investment income in excess of $450 million. This amount includes performance income from a K-Series vehicle that is expected to be crystallized at September 30, 2024. This monetization activity quarter-to-date is made up of approximately 70% realized performance income and approximately 30% realized investment income. In addition, in its Strategic Holding segment, KKR has earned net realized investment income of approximately $85 million. This net realized investment income does not include Strategic Holdings Operating Earnings. Monetization activity across both segments is primarily driven by a combination of public secondary sales and strategic transactions that have closed quarter-to-date, as well as dividends and interest income.”