KKR & Co.'s assets under management totaled $98 billion as of June 30, a 4.3% drop from three months earlier, but a 17.4% increase from a year earlier, the company said in its earnings report released on Thursday.
Committed capital yet to be invested, or dry powder, totaled $977 million as of June 30.
The firm's private markets AUM totaled $59.4 billion as of June 30, a drop of 1.8% from the previous quarter, but up 9% from the previous year, while public markets AUM totaled $38.5 billion, down 7.7% from the previous quarter but up 32.7% from the previous year.
New capital raised in the second quarter totaled $3.1 billion, compared to distributions to limited partners of $5.5 billion. The fair value of funds increased a total of $2.6 billion in the quarter.
Net income under generally accepted accounting principles for the first quarter was $178.2 million, down 15.1% from the previous quarter but more than 10 times higher than the second quarter of 2013 when the company reported GAAP net income of $15.1 million.
