KKR & Co. Inc. is a leading global investment firm offering alternative asset management, capital markets, and insurance solutions. KKR aims to generate attractive returns through a patient and disciplined investment approach, employing top talent, and fostering growth in portfolio companies and communities. KKR sponsors investment funds focused on private equity, credit, and real assets, and has strategic partners managing hedge funds. Its insurance business, Global Atlantic, offers retirement, life, and reinsurance products.

KKR's asset management services cater to global investors, specializing in private equity. With over 730 private equity investments exceeding $710 billion in transaction value as of December 31, 2023, KKR has diversified its strategies to include leveraged credit, alternative credit, infrastructure, energy, real estate, growth equity, core private equity, and impact investments. KKR also provides capital markets services to its portfolio companies, itself, and third parties. The firm's balance sheet plays a crucial role in business growth and expansion, aligning interests with investors.

Global Atlantic, acquired by KKR in February 2021 and fully acquired on January 2, 2024, offers protection, legacy, and savings products, along with reinsurance solutions. It primarily serves individual and institutional markets, focusing on attractive risk and return characteristics. Global Atlantic generates income primarily through the spread between investment income and policyholder benefit costs.

• Employees: Approximately 4,490 (as of December 31, 2023)
• Geographic Footprint: Global presence with offices in North America, Europe, Middle East, and Asia Pacific
• Headquarters: 30 Hudson Yards, New York, New York
• Founded: 1976
• Revenue: $14.5 billion (FY2023)
• Market Capitalization: $36.3 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Global Atlantic, KJR Management

• Co-Executive Chairman: Henry R. Kravis
• Co-Executive Chairman: George R. Roberts
• Co-Chief Executive Officer: Joseph Y. Bae
• Co-Chief Executive Officer: Scott C. Nuttall
• Chief Financial Officer: Robert H. Lewin
• Chief Administrative Officer: Dane E. Holmes
• Chief Operating Officer: Ryan D. Stork
• Chief Legal Officer and General Counsel: Kathryn K. Sudol

• Annual Revenue: $14.5 Billion (FY2023)
• Net Income: $5.4 Billion (FY2023)
• Total Assets: $317.3 Billion (FY2023)
• Number of Employees: 4,490 (as of December 31, 2023)
• Key Financial Highlights (FY2023): Significant increase in revenue and net income compared to FY2022.

Asset Management:

• Private Equity: Investments in various strategies, including traditional buyouts, growth equity, and impact investments.
• Real Assets: Investments in infrastructure, real estate, and energy.
• Credit and Liquid Strategies: Investments across a range of credit instruments and hedge fund strategies.
• Capital Markets: Arranging debt and equity financing, underwriting securities offerings, and other capital market services.
• Principal Activities: Management of the firm's balance sheet assets and strategic investments.

Insurance (Global Atlantic):

• Retirement Products: Fixed-rate annuities, fixed-indexed annuities, and variable annuities.
• Life Insurance: Universal life, term life, and preneed life insurance.
• Reinsurance Solutions: Block, flow, and pension risk transfer reinsurance, as well as funding agreements.

• Asset Management: Offers investment management and capital market services.
• Insurance: Provides retirement, life, and reinsurance products through Global Atlantic.

Starting in the first quarter of 2024, the company expects to have a third segment, Strategic Holdings, primarily comprised of core private equity investments.

KKR's business strategy focuses on generating attractive investment returns through a patient and disciplined approach. The firm emphasizes employing world-class talent and supporting growth in its portfolio companies. KKR aims to expand its business through organic growth by increasing AUM in existing businesses and pursuing new investment strategies, as well as through strategic acquisitions and investments in new businesses. Recent strategic initiatives include the full acquisition of Global Atlantic, the modification of KKR's compensation structure to allocate a greater percentage to carried interest, and the introduction of a new reporting framework called "Total Operating Earnings."

KKR operates in the highly competitive global investment management and insurance industries. It competes with other investment managers for fund investors, investment opportunities, and talent. Key competitors include other sponsors of public and private investment funds, real estate development companies, business development companies, investment banks, commercial finance companies, and operating companies acting as strategic buyers.

• Market and Economic Conditions: KKR's performance is significantly impacted by global market and economic conditions, including interest rates, credit availability, and geopolitical events.
• Competition: KKR faces intense competition from other investment managers and insurance companies, which may impact its ability to attract investors, secure deals, and retain talent.
• Regulation: KKR's businesses are subject to extensive regulation, and changes in regulations or adverse interpretations by regulatory authorities could negatively impact its operations and profitability.
• Investment Risks: KKR's investments are subject to various risks, including valuation uncertainty, illiquidity, leverage, and the performance of portfolio companies.
• Insurance Risks: Global Atlantic faces risks related to interest rate fluctuations, policyholder behavior, competition, and changes in accounting standards.