KKR & Co. (KKR) Reports $129B Fundraising, $972M Q4 Fee-Related Earnings

KKR & Co. Inc. (NYSE:KKR) is one of the cheap stocks that will go to the moon according to Reddit. On February 5, KKR & Co. reported its 2025 earnings results, characterized by the highest fundraising in the firm’s 50-year history. The company raised $129 billion for the full year, nearly doubling its pace from two years ago, and has already achieved over 80% of its $300 billion-plus target for the 2024–2026 period. Fee-related earnings/FRE reached $972 million for the quarter with a strong 69% margin for the full year, while management fees jumped 24% year-over-year to $1.1 billion. This growth was distributed evenly across private equity, real assets, and credit, reflecting a diversified revenue base.

A major highlight was the announced $1.4 billion acquisition of Arctos, a leader in professional sports franchise investments and GP solutions. This move establishes a new KKR Solutions vertical, which management expects to scale to over $100 billion in AUM over time. The acquisition aligns with KKR’s strategy of securing long-dated capital and leadership positions in high-growth, hard-to-build markets. Simultaneously, KKR’s private wealth K Series continues to surge, with AUM doubling year-over-year to $35 billion, fueled by strong demand for alternative assets among individual investors.

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KKR & Co. Inc. (NYSE:KKR) is entering 2026 with embedded gains of $19 billion, a 19% increase from last year, providing high visibility for future monetizations. Management expressed extreme confidence in exceeding their 2026 FRE targets and highlighted the firm’s linear pacing in deployment, having invested $95 billion in 2025 across key areas like infrastructure and asset-based finance.

KKR & Co. Inc. (NYSE:KKR) is a private equity and real estate investment firm specializing in direct and fund-of-fund investments.

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