KKR & Co. had assets under management totaling $102.3 billion as of March 31, an 8.5% increase from three months earlier and up 30.7% from a year earlier, according to the company's earnings report released Thursday.
Committed capital yet to be invested, or dry powder, totaled $1.2 billion as of March 31.
The firm's private markets assets under management totaled $60.5 billion as of March 31, a drop of 1.1% from Dec. 31.
New capital raised in the first quarter totaled $1.7 billion, compared to distributions to limited partners of $3.5 billion. The fair value of funds increased a total of $2.3 billion in the quarter.
Net income under generally accepted accounting principals for the first quarter was $210 million, down 24.4% from the previous quarter but up 8.6% from the first quarter of 2013.