KKR & Co. reported $233.8 billion in assets under management as of Sept. 30, a 5.4% increase from three months earlier and up 12% from a year earlier.
The alternative investment firm attributed the growth in AUM to fundraising in its Asia real estate infrastructure and private equity strategies as well as core private equity, U.S. real estate, and leveraged and private credit strategies.
Robert H. Lewin, KKR's chief financial officer noted during an earnings call Oct. 30 that KKR raised $8.7 billion in the third quarter. KKR has $67 billion of dry powder, a high point, he said.
"We really did lean in when the market was dislocated," Mr. Lewin said. "So, this dry powder is particularly noteworthy given the level of capital investment we have made year-to-date."
KKR's private markets business invested a record $6.2 billion in the third quarter.