KKR stood out from the pack of publicly traded private equity firms that have largely reported declines this earnings season. The firm reported after-tax economic net income of $70.5 million in the quarter ended December 31, an increase from $46 million in the same period the previous year. In spite of the increase, the 8¢ after-tax ENI per share in 4Q failed to live up to analyst expectations of 27¢ per share. KKR has also diversified away from the private equity strategy to hedge funds, credit, real estate and other alternatives even as fellow bigwigs Fortress, Blackstone and Bain Capital shuttered high-profile funds this year. Private equity now makes up less than 40% of KKR's fee-generating AUM.