KKR's third-quarter earnings rise on capital market strength

Private equity firm KKR & Co Inc said on Friday its after-tax distributable earnings rose 6per cent year-on-year in the third quarter, driven by growth in management fees and transaction fees from its capital markets business.

After-tax distributable earnings – the cash available for paying dividends to shareholders – rose to US$410.4 million, up from US$388.8 million a year earlier. This translated to DE per share of 48 cents, which exceeded the average Wall Street analyst forecast of 40 cents, according to data from Refinitiv.KKR said the value of its private equity portfolio appreciated by 16per cent during the quarter, while real estate and infrastructure funds rose 6per cent and 10per cent respectively.

Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles

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