EarningsThe company's fee-related earnings and management fees were well above forecasts, demonstrating strong revenue and margin strength, with a new all-time high fee-related earnings margin of 70.6%.
Financial PerformanceKKR exceeded expectations with broad-based positive investment returns and achieved record transaction fees, significantly contributing to the upside.
Market OutlookKKR is well positioned heading into the future, benefiting from underlying business drivers and a capital markets upcycle, with strategic changes reducing volatility and highlighting more recurring earnings streams.