KKR & Co. reported assets under management of $194.7 billion as of Dec. 31, flat from three months earlier, but up 16% from a year earlier, according to the alternative investment firm's earnings release Friday.
KKR attributed the increase in assets for the year primarily to new capital raised. In the fourth quarter alone, KKR closed on $11.3 billion in new capital, mainly for private equity and leveraged credit strategies. These increases were offset by a decrease in the value of KKR's private equity portfolio and various credit strategies and distributions to private equity and public market investors.
KKR's private markets AUM was $103.4 billion as of Dec. 31, flat from Sept. 30, but up 6.1% from Dec. 31, 2017. Public markets AUM was $91.3 billion as of Dec. 31, flat from three months earlier, but up 28.8% from 12 months earlier.