Reported about 5 hours ago
KKR & Co. has reported record annual fees of $1 billion for its capital markets unit in 2024, a significant increase from $577.6 million the previous year, primarily driven by growth in structured-credit transactions. This marks a substantial trend where institutional capital is increasingly flowing into private investment-grade markets, with KKR focusing on asset-based lending as banks tighten their lending practices. The unit, which has generated about $6 billion in fees since its inception in 2006, has also leveraged its insurance business to support transaction activities.
Source: YAHOO