KKR Announces Intra-Quarter Monetization Activity for the Third Quarter
September 24 2018 - 6:18PM
Business Wire
KKR today announced monetization activities for the period from
July 1, 2018 through September 24, 2018. Driven by secondary and
strategic sale activity, the Firm estimates having earned gross
realized carried interest of approximately $450 million and total
realized investment income of approximately $225 million, both on a
segment basis.
As disclosed earlier this year, as part of the Firm’s effort to
increase transparency of monetization activities and quarterly
financial progress, KKR intends to periodically disclose the
expected impact of material monetization activities during a given
fiscal quarter.
The estimates disclosed above are not intended to predict or
represent the realized carried interest, total realized investment
income or total segment revenues for the full quarter ending
September 30, 2018, because they do not include the results or
impact of any other sources of income, including fee income, losses
or expenses, and we may realize further gains or losses relating to
carried interest and total realized investment income after the
date of this press release. These estimates are also not
necessarily indicative of the results that may be expected for any
other period, including the entire year ending December 31,
2018.
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic manager
partnerships that manage hedge funds. KKR aims to generate
attractive investment returns for its fund investors by following a
patient and disciplined investment approach, employing world-class
people, and driving growth and value creation with KKR portfolio
companies. KKR invests its own capital alongside the capital it
manages for fund investors and provides financing solutions and
investment opportunities through its capital markets business.
References to KKR's investments may include the activities of its
sponsored funds. For additional information about KKR & Co.
Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on
Twitter @KKR_Co.
Forward-Looking Statements
This press release may contain forward-looking statements,
including estimated operating results from certain monetization
activities. Words such as “expect,” estimate,” “will,” “may” and
“believe” or similar expressions may identify forward-looking
statements. These forward-looking statements are subject to the
inherent uncertainties in predicting future results and conditions.
Certain factors could cause actual results to differ materially
from those included in these forward-looking statements, and
investors should not place undue reliance on such statements. These
forward-looking statements speak only as of the date of this press
release, and we do not undertake any obligation to update or revise
any of the forward-looking statements to reflect future events or
circumstances, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180924006047/en/
KKRInvestor Relations:Craig Larson, 1-877-610-4910 (U.S.)
/ 212-230-9410investor-relations@kkr.comorMedia:Kristi
Huller, 212-750-8300media@kkr.com
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