Wednesday, 2 September 2015
Last updated 37 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…