Gold prices rise on weaker dollar, Fed easing bets; holds long-term appeal
Investing.com- KKR & Co. Inc. (NYSE:KKR) shares surged 6.1% on Friday after the investment firm reported third-quarter adjusted earnings that significantly exceeded analyst expectations, driven by record fee-related earnings and strong capital raising activity.
The alternative asset manager posted adjusted earnings of $1.41 per share for the third quarter of 2025, beating the analyst consensus estimate of $1.28 by 13 cents. Fee Related Earnings (FRE) reached a record $1.03 billion ($1.15 per adjusted share) in the quarter, representing a 3% increase year-over-year. Total Operating Earnings rose 12% to $1.4 billion ($1.55 per adjusted share).
KKR reported $43 billion in new capital raised during the quarter - its second-highest quarterly fundraising total ever and the highest in over four years. The firm also deployed a record $26 billion in capital during the period, marking its most active investment quarter in company history.
"KKR’s strong performance continued in Q3 with latest twelve month management fees, Fee Related Earnings and Adjusted Net Income all at record levels," said Co-Chief Executive Officers Joseph Y. Bae and Scott C. Nuttall. "With a record $126 billion of dry powder, we remain incredibly well positioned to help our clients navigate the current environment."
Assets Under Management (AUM) grew to $723 billion, up 16% from the same period last year, while Fee Paying Assets Under Management increased by the same percentage to $585 billion. The company’s Insurance Operating Earnings totaled $305 million for the quarter, benefiting from a $41 million impact primarily related to Global Atlantic’s annual actuarial assumption review.
KKR declared a quarterly dividend of $0.185 per share of common stock, payable on December 2, 2025, to shareholders of record as of November 17, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.