KKR Announces Intra-Quarter Monetization Activity for the Fourth Quarter
December 03 2018 - 6:17PM
Business Wire
KKR today announced a monetization activity update for the
period since September 30, 2018. Driven by strategic and secondary
sale transactions, KKR estimates it will earn gross realized
carried interest and total realized investment income of
approximately $770 million on a segment basis. Of that $770
million, approximately $420 million closed in the period from
October 1, 2018 to December 3, 2018.
The remaining $350 million represents gross realized carried
interest and total realized investment income from pending
transactions that are expected to close in the first half of 2019.
There can be no guarantee that such pending transactions will close
as contemplated or at all or that KKR will actually earn the amount
of gross realized carried interest or total realized investment
income as anticipated from such pending transactions.
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
December 31, 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 KKRKKR is a leading global investment firm that
manages multiple alternative asset classes, including private
equity, energy, infrastructure, real estate and credit, with
strategic partners 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 StatementsThis 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/20181203006034/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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