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kkr (New York Stock Exchange:KKR) said Thursday that it earned total realized performance income, including realized incentive fees, and total realized investment income of more than $350 million during the period from Jan. 1, 2024, to March 21, 2024.
The monetization activity of the investment company. The quarter to date is comprised of ~70% realized performance income and ~30% realized investment income, he noted.
By comparison, in the fourth quarter of 2023, performance revenue earned was $411.4 million, up from $338.7 million in the prior-year quarter. However, realized investment income fell to $146.8 million in the fourth quarter from $223.2 million a year earlier.
Its monetization activity is driven by a secondary sale and strategic transactions that have closed so far this quarter, as well as certain dividend and interest income from KKR's (KKR) balance sheet portfolio.
