KKR Profit Up In Q1

Apr 30 2012 | 1:53pm ET

Despite markedly lower fee income, Kohlberg Kravis Roberts managed a modest increase in its first-quarter profit.

The New York-based private equity giant said its income for the first three months of the year was $683.8 million, 5% more than the year-earlier period. Strong investment performance was credited, since KKR's fee-related earnings dropped 42% to $73.4 million.

The firm, which said its assets have grown to a record $62.3 billion, blamed the dramatic drop in fee income on slow deal activity; KKR closed just two during the quarter.

"This was a slow quarter when it comes to new investments," executive Scott Nuttall said. "We're seeing some volatility, but also some great opportunity."

KKR's economic net income of 99 cents per share easily topped analysts' expectations.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note