KKR & Co. on Tuesday reported $367 billion in assets under management as of March 31, up 45.8% from $251.7 billion as of Dec. 31 and from up 77% year over year.
Speaking on an analysts call following the earnings release, Craig Larsen, partner and head of investor relations, attributed the AUM increases to the Feb. 1 closing of its acquisition of Global Atlantic as well as strong investment performance and fundraising.
KKR raised $15 billion in the first quarter and $51 billion for the year ended March 31. Including the Global Atlantic acquisition, new capital raised for the 12-month period was $149 billion. The acquisition of Global Atlantic contributed $98 billion in the first quarter.
Scott C. Nuttall, co-president and co-chief operating officer said that "it's really been a great fundraising environment. ... Best we've seen for a long time."