KKR Q2 2026: Record AUM of $796B, Arctos Acquisition Closes, New $3B Credit Facility
KKR sits 25% above its 52-week low of $82.67.
Summary
KKR's Q2 2026 10-Q reveals record assets under management of $796 billion, a 37% jump in fee-related earnings, and the closing of the Arctos acquisition. A new $3 billion credit facility was signed, and the long-awaited Sunset Date for one-share-one-vote governance is set for no later than December 31, 2026.
Key Events · Earnings and Guidance · KKR
-
Q2 Earnings Beat
Net income attributable to KKR common stockholders reached $660.1 million ($0.74 basic EPS), a 40% year-over-year increase. Fee-related earnings surged 37% to $1.2 billion, driven by higher management fees and the inclusion of Arctos.
-
Record AUM and FPAUM
Assets under management climbed to $796 billion, up 7% from Q1 2026, with fee-paying AUM of $638 billion. The Arctos acquisition contributed $16 billion in AUM and $10.1 billion in FPAUM.
-
New $3B Credit Facility
On July 30, 2026, KKR entered into a Fourth Amended and Restated Credit Agreement providing a $3.0 billion senior unsecured revolving credit facility maturing in 2031, replacing the prior facility.
-
Sunset Date Governance Milestone
The Sunset Date, no later than December 31, 2026, will eliminate the Series I preferred stock and establish one-vote-per-share common stock, a long-awaited governance change.
Analysis · KKR · Finance
A standout quarter for KKR saw fee-related earnings climb 37% year-over-year to $1.2 billion, fueled by higher management fees and the inclusion of Arctos. Total assets under management hit a record $796 billion, a 7% sequential increase that reflects $16 billion from the Arctos acquisition and strong fundraising. The firm also secured a new $3.0 billion revolving credit facility, extending its maturity to 2031. Net income attributable to common stockholders rose 40% to $660 million, though the quarter included a $162.7 million loss on funds withheld embedded derivatives and a $53.4 million impairment on an AFS security. By year-end 2026, the pending Sunset Date will eliminate the dual-class structure and establish one-vote-per-share common stock—a governance milestone. Legal overhangs persist: the Kentucky Supreme Court heard oral arguments in June, and the DOJ antitrust complaint remains pending.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KKR was trading at $103.40 on NYSE in the Finance sector, with a market capitalization of approximately $92.8B. The 52-week trading range was $82.67 to $152.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.