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KKR Earnings Sink 26% in First Quarter as Asset Sales Slow

  • Most new capital deployed outside of private equity funds
  • The firm’s infrastructure assets gained during the quarter
Updated on

KKR & Co. earnings fell 26% during the first quarter from a year earlier as a dealmaking drought continued to weigh on the alternative asset manager.

The firm reported $719.3 million in distributable earnings, or 81 cents a share, during the quarter ended March 31, according to a Monday statement. That beat the 74-cent average estimate of 15 analysts surveyed by Bloomberg.