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KKR (NYSE:KKR) said Thursday it has earned total realized performance income, including realized incentive fees, and total realized investment income of more than $350M for the period between Jan. 1, 2024 to March 21, 2024.
The investment firm’s monetization activity quarter-to-date is made up of ~70% realized performance income and ~30% realized investment income, it noted.
By comparison, in Q4 2023, realized performance income was $411.4M, up from $338.7M in the year-earlier quarter. Realized investment income, though, retreated to $146.8M in Q4 from $223.2M a year before.
Its monetization activity is driven by a secondary sale and strategic transactions that have closed quarter-to-date, as well as certain dividend and interest income from KKR’s (KKR) balance sheet portfolio.