KKR's Q2 profits hit 1.5B
KKR & Co. achieved record profits in the second quarter of the year, supported by the sale of assets worth $1.29 billion, the highest in its nearly 50-year history. The company posted adjusted net earnings of $1.5 billion, surpassing analyst expectations, while the volume of inflows attracted $34 billion, bringing total inflows for the year to $133 billion. Despite its strong financial performance, the stock price declined by 0.2%, with cumulative losses since the beginning of the year amounting to 22%. The company continues to expand its assets, reaching $796 billion, with increases in fee-related profits and operating earnings.
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