KKR reported a big jump in earnings and hauled in a record amount of new cash from investors, as the value of its private-equity portfolio climbed
KKR & Co. reported a big jump in second-quarter earnings and hauled in a record amount of new cash from investors, asThe private-equity firm said net income was $1.28 billion, or $2.05 a share, for the quarter ended June 30, compared with $698.6 million, or $1.24 a share, a year earlier.
The value of KKR’s flagship private-equity portfolio climbed by 13% during the quarter, topping the roughly 8% gain for the S&P 500. Distributable earnings, or cash that can be returned to shareholders, came in at a record $925.6 million, or $1.05 a share, on an after-tax basis. That compares with $365.6 million, or 43 cents a share, in the same period a year earlier.
KKR also posted record fee-related earnings of $470.1 million, or 53 cents a share, up from $279.7 million, or 33 cents a share, in the year-ago period.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
European markets set for cautious open as investors react to major earningsEuropean stocks are set for a muted open on Tuesday as global markets seek direction amid earnings, Covid surge, Chinese tech regulation and U.S. growth worries.
Leer más »
Ron DeSantis, facing record COVID surge, signals lockdowns off the table with Bhattacharya tweet''We have protected the vulnerable by vaccinating the older population,'' tweeted DeSantis, quoting anti-lockdown Stanford Professor Dr. Jay Bhattacharya.
Leer más »
European stocks rise to record high; Meggitt surges on U.S. buyoutEuropean stocks were on track to reach a record high on Monday, as U.K. aerospace group Meggitt surged on an agreement to be purchased by a U.S. rival.
Leer más »
Two luxury condos sell for record prices as L.A.’s high-rise market surgesTwo record-setting condo sales are the latest indicator of the post-pandemic demand for luxury vertical living as L.A.'s entire condo market improves.
Leer más »
Why are private-equity firms buying listed firms at a record rate?As investment in private equity becomes more widespread, the industry will face more questions about its environmental, social and governance standards
Leer más »
Inside Μartha Stewart Inc. And Its Quest To Build A Lasting Food BrandInvestors are cashing in on Martha Stewart and her iconic cooking: Martha Stewart Kitchen is now a grocery store brand coming to an aisle near you.
Leer más »