NEW YORK – Global investment firm KKR, a $138.8 billion market cap powerhouse that has generated an impressive 91.8% return so far this year, has announced the promotion of 41 people to CEO position, with the promotions effective January 1, 2025. Today’s announcement highlights KKR’s commitment to recognizing the professional achievements of its leaders and their dedication to the firm’s values and stakeholders. According to InvestingPro, KKR maintains a strong financial health score, reflecting its strong operating performance and market position.
The newly promoted CEOs come from various departments within KKR, including Compliance, Infrastructure, Global Operations, Client Solutions, Communications, Marketing, Credit, Markets, Legal, Investor Relations, Credit and Global. Macro (BCBA:), Risk, Healthcare, Private Equity and Capstone. These people are located in the company’s global offices, from New York, Dublin and London to Singapore, Sydney, Hong Kong, Mumbai, San Francisco, Chicago, Miami, Washington DC and Frankfurt.
KKR co-CEOs Joe Bae and Scott Nuttall extended their congratulations to the new CEOs, recognizing the important milestone in their careers and the company’s culture of promoting customer-focused leadership and performance.
KKR, known for its diversified services including alternative asset management, capital markets and insurance solutions, operates a model that emphasizes a patient and disciplined investment approach. The company manages investments in private equity, credit and real assets and also has strategic partners who manage hedge funds. With 82% revenue growth in the trailing twelve months and substantial revenues of $27.8 billion, KKR has established itself as a prominent player in the capital markets industry. KKR’s insurance subsidiaries, under the umbrella of Global Atlantic Financial Group, offer retirement, life and reinsurance products. For detailed analysis and additional information, investors can access comprehensive research reports on InvestingPro, which covers over 1,400 US stocks, including KKR.
The promotions are a reflection of KKR’s continued growth and its strategy of investing in its talent to support the company’s broad portfolio of businesses and communities. The move aligns with KKR’s broader business objectives of fostering a culture of excellence and continuing to deliver attractive investment returns.
This announcement is based on a press release from KKR and does not include any additional analysis or opinion. The information provided is an objective representation of internal company developments and does not imply broader industry trends or impacts. KKR stock, currently trading at a P/E ratio of 46.5, is valued above its fair value InvestingPro, with 16 additional ProTips available to subscribers on the company’s valuation, growth prospects and position in the market.
In other recent news, global investment firm KKR and Energy Equity Partners (WA:) (ECP) have announced a $50 billion strategic partnership aimed at supporting the rapidly expanding artificial intelligence and cloud computing sectors. The collaboration will facilitate the development of data centers, power generation and transmission infrastructure. KKR will fund this initiative through its infrastructure, real estate strategies and managed insurance accounts, while ECP will contribute through its existing and future infrastructure capital funds.
In terms of financial performance, KKR reported a strong third quarter, with record fee-related profits exceeding $1 billion, an increase of 32% from the previous quarter. Adjusted net income per share also increased to $1.38, representing 50% year-over-year growth. The investment firm raised $87 billion in new capital this year, more than double the same period in 2023.
Evercore ISI recently raised KKR’s price target to $158.00 from $145.00, reflecting confidence in the company’s growth prospects. This decision was influenced by strong investment performance, an increase in unrealized carry and implied earnings on the balance sheet, and strong fundraising activities. These recent developments underscore KKR’s strong momentum in equity generation and fundraising, with the total addressable market forecast to grow from $5 trillion to $7 trillion.
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