A week after Blackstone released mostly promising 2Q results, KKR announced it has posted $830.3 million in economic net income for the same period, up from $248.8 million in 2Q 2016. The massive increase was buoyed by increases in transaction fees and carried interest gains, per the firm’s earnings report. As of the end of June, KKR had $148.5 billion in AUM, up almost $11 billion from the previous quarter. While that's an enormous sum, it still ranks behind KKR's three biggest competitors in terms of total AUM, per PitchBook data.
The news comes just months after KKR purchased Nissan Motor-backed auto parts maker Calsonic Kansei for up to $4.5 billion in what marked the firm’s biggest deal in Japan to date. To make matters even sweeter, the firm reportedly beat out rivals MBK Partners and Bain Capital for the business.
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