KKR, Apollo-Owned Insurers Boost Private Credit Holdings by 30%
KKR is trading near its 52-week low of $82.67 (14% above the low) on light trading volume (0.3× avg).
Summary
KKR's Global Atlantic and Apollo's Athene insurance units significantly increased their private credit and illiquid asset holdings by approximately 30% in 2025. This aggressive expansion is part of a broader industry trend, with U.S. life insurers now holding $807 billion in private credit. This follows KKR's strong Q1 earnings and AUM growth reported in May, further highlighting a strategic focus on high-growth, fee-generating asset classes. This material shift in asset allocation impacts KKR's and Apollo's asset mix and potential for AUM and earnings growth.
At the time of this announcement, KKR was trading at $94.39 on NYSE in the Finance sector, with a market capitalization of approximately $84.8B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.