Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
KKR: Fundraising Supercycle Gains Traction – 5 Key Catalysts Fueling Deployment and Monetization Momentum into 2025 & Beyond !
KKR’s Q3 2024 results solidify its leadership in global alternative asset management, driven by record fee-related earnings (FRE) of $1.12 per share, a 78% year-over-year increase, with an impressive 71% margin showcasing scalability. Adjusted net income surged 57% to $1.38 per share, beating expectations, while revenues reached $1.96 billion, exceeding estimates by $214.7 million. The infrastructure segment remains a standout, with assets under management (AUM) rising 42% year-over-year to $77 billion, supported by robust fundraising and deployment. Capital Markets revenue hit a record $424 million, highlighting execution strength across private equity, credit, and infrastructure. Strategic initiatives such as a $150M Birch Creek Energy credit facility and partnerships like a $50B collaboration with Energy Capital Partners position KKR for sustainable growth. Diversification through acquisitions, including FUJI SOFT and Superstruct Entertainment, boosts exposure to high-growth technology and entertainment sectors. KKR’s structural tailwinds include $87 billion in YTD fundraising, wealth management AUM surging 180% to $14 billion, and substantial accrued carried interest of $7.9 billion. As KKR enters a “fundraising supercycle,” scaling its strategic holdings and preparing for monetizations in 2025, the question remains: Can KKR sustain this growth trajectory while mitigating fee compression and market volatility challenges?
