KKR's earnings rise 20% on strong management fees, annuities business

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Explore stories from Atlantic Canada.

Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotiaNEW YORK - Private equity firm KKR & Co Inc said on Wednesday its first-quarter adjusted net income jumped 20% year-on-year, driven by strong management and transaction fees as well as earnings from its annuities business.

KKR's earnings from investing the capital of its annuities business Global Atlantic rose 33% to $273 million. During the quarter, KKR completed the $2.7 billion deal to acquire the remaining 37% stake in Global Atlantic that it doesn't already own. KKR's private equity portfolio appreciated by 5%, opportunistic real estate funds gained 1%, and leveraged credit funds added 3%.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 45. in PT

Portugal Últimas Notícias, Portugal Manchetes