KKR & Co. Business Summary

KKR & Co. Inc. (KKR) operates a diversified global investment model centered on three primary business segments: Asset Management, Insurance, and Strategic Holdings. The firm generates revenue through a mix of recurring management fees on assets under management (AUM)—which reached approximately $744 billion by early 2026—transaction fees from its capital markets advisory business, and performance-related carried interest. Its Insurance segment, anchored by Global Atlantic Financial Group, contributes significant premiums and investment income from insurance float, while the Strategic Holdings segment leverages KKR’s own balance sheet for long-term compounding investments. KKR competes directly with alternative asset giants such as Blackstone, Apollo Global Management, Ares Management, and TPG, distinguishing itself through a high degree of permanent capital integration and a robust internal capital markets platform that services both its portfolio and external clients. Founded in 1976 by Jerome Kohlberg Jr. and cousins Henry Kravis and George Roberts, the firm is currently led by Co-CEOs Joseph Bae and Scott Nuttall, both of whom joined KKR in 1996 and succeeded the founders in 2021. The executive team includes Co-Executive Chairmen Henry Kravis and George Roberts, Chief Financial Officer Robert Lewin, and Chief Operating Officer Ryan Stork. Technology and digital strategy are overseen by Partner and Chief Information Officer Ruchir Swarup, a former BlackRock and Addepar executive who joined in 2024 to scale the firm’s investment technology. KKR’s board of directors features prominent industry figures, including Eaton Corporation’s former CEO Craig Arnold and TRB Advisors founder Timothy Barakett, reflecting a leadership pedigree deeply rooted in leveraged buyouts and global macroeconomic strategy.