KKR To List In New York This Year As Firm Posts Profit

Feb 26 2010 | 12:25pm ET

Everything was up for KKR & Co. in a fourth quarter that saw the private equity giant post more than a half-billion dollars in income as it prepares its long-awaited listing in New York.

Economic net income during the last three months of last year was $515.3 million, excluding some costs and charges. KKR did not provide a fourth-quarter 2008 result.

Meanwhile, the firm said it would begin trading on the New York Stock Exchange within months, without giving a more precise schedule for the listing. The firm went public in Amsterdam last year through a reverse-merger with its publicly-listed private equity fund on Euronext, but has been planning a New York listing for more than two years.

The value of KKR’s p.e. holdings rose by $1.3 billion on the quarter, boosting its assets under management to $38.8 billion. The firm credited a general pickup in deal flow as the economic crisis subsides for the gains.

Overall, the alternative investment giant boasts $52.2 billion in assets under management across a variety of asset classes and employs over 600 people in 13 offices around the world.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...