KKR & Co. reported $101.6 billion in assets under management as of June 30, up 2.5% from three months previous and a 3.7% increase from a year earlier, the company reported in its second-quarter earnings release on Thursday.
KKR's private markets AUM totaled $63.1 billion as of June 30, a 1.6% increase from March 31 and up 6.2% from June 30, 2014.
The company attributed the increase primarily to the appreciation of KKR's private equity portfolio, and somewhat less so to new capital raised in European Fund IV and Global Infrastructure Investors II. The former has raised $2.67 billion as of June 30, and the latter closed this month at $3 billion.
Public markets AUM totaled $38.4 billion for the second quarter, a 3.9% increase from the previous quarter and a slight decrease of 0.2% from the year before.
The company attributed the increase for the second quarter to new capital raised, primarily in collateralized loan obligations.
GAAP net income was $376.3 million for the second quarter, up 39.1% from the previous quarter's total of $270.5 million and more than double the GAAP net income of $178.2 million in the second quarter of 2014. Total segment revenues for the second quarter were $1.25 billion, up 29.9% from $962.4 million in the first quarter and up 49.9% from $834.1 million in the second quarter of 2014.
