KKR to build on record growth as fee-earning AUM up 92%

KKR reported unprecedented asset growth in 2021 as AUM hit $471 billion and fee earning assets grew to $357 billion, which is up 92% year over year.

AUM overall rose 87% year over year, according to this week’s fourth quarter earnings release that detailed $121 billion in new capital inflows over the course of 2021. By comparison, 2020 only saw $40 billion in inflows.

Driving growth was the acquisition of retirement and life insurance company Global Atlantic that last February added $90 billion alone to KKR’s AUM.

Dry powder, as we reported previously in an Alternatives Watch Research report, continues to be sizable at $112 billion that means uncalled commitments are still up 67% year over year. In the third quarter, dry powder as a percentage of fee-earning AUM was up 32% for the year. By the fourth quarter the percentage rose to 37%.

Investment performance remains positive too with private equity portfolios reporting gains of 46% in 2021. Funds that started investing in 2021 are the KKR North America Fund XIII and the KKR Health Care Strategic Growth Fund II.

Private credit performed well with gains of 17% last year and continues to grow as a percentage of assets, although roughly 60% of KKR’s capital remains firmly within its traditional private equity asset segment.

Related Articles

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!