KKR’s assets under management across credit and liquid strategies increased by nine per cent year-on-year to $283.6bn (£212.9bn) to the close of the first quarter of 2025.
The firm said that this figure was composed of $129bn of leveraged credit, $74bn of asset-based finance, $43bn of direct lending, $8bn of strategic investments and $30bn of liquid strategies.
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Its assets under management increased three per cent quarter on quarter. New capital raised during the quarter was largely driven by inflows at Global Atlantic – an insurance subsidiary of KKR – as well as leveraged credit SMAs, fundraising across opportunistic and high grade asset-based finance, direct lending and junior capital.
KKR invested $9bn in credit and liquid strategies in the first quarter, taking its investment over 12 months to $40bn. Its deployment over the first quarter was mostly in direct lending and high grade asset-based finance.
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KKR’s alternative credit investments delivered returns of 11 pre cent, while its leveraged credit business generated returns of seven per cent during the year. Twelve per cent of KKR’s asset management holdings are in leveraged credit, while eight per cent are in alternative credit.
KKR reported fee related revenues of $1.2bn in the last 12 months, up from $1bn in the prior period. Its realised performance income rose to $290,185 from $62,545.
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