KKR Co-CEO Sees Record Year for Credit Fundraising as Strategy Dominates AUM
KKR sits 17% above its 52-week low of $82.67 on light trading volume (0.1× avg).
Summary
KKR's co-CEO Scott Nuttall said the firm expects a record year for third-party credit fundraising, signaling confidence in the asset class that now makes up the largest share of AUM. The comment came as KKR reported raising $9.1 billion for credit strategies in Q2, down from $14.25 billion a year ago but still substantial. This forward guidance adds a qualitative layer to the strong Q2 earnings reported earlier today, highlighting credit as a key growth engine. The shift in AUM composition toward credit reflects a strategic pivot that could support fee-related earnings momentum. Watch for further color on the earnings call regarding fundraising pipelines and deployment plans.
At the time of this announcement, KKR was trading at $97.00 on NYSE in the Finance sector, with a market capitalization of approximately $87.1B. The 52-week trading range was $82.67 to $153.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.