KKR & Co. (KKR) Reports $129B Fundraising, $972M Q4 Fee-Related Earnings

KKR & Co. Inc. (NYSE:KKR) is one of the cheap stocks that will go to the moon according to Reddit. On February 5, KKR & Co. reported its 2025 earnings results, characterized by the highest fundraising in the firm’s 50-year history. The company raised $129 billion for the full year, nearly doubling its pace from two years ago, and has already achieved over 80% of its $300 billion-plus target for the 2024–2026 period. Fee-related earnings/FRE reached $972 million for the quarter with a strong 69% margin for the full year, while management fees jumped 24% year-over-year to $1.1 billion. This growth was distributed evenly across private equity, real assets, and credit, reflecting a diversified revenue base.

A major highlight was the announced $1.4 billion acquisition of Arctos, a leader in professional sports franchise investments and GP solutions. This move establishes a new KKR Solutions vertical, which management expects to scale to over $100 billion in AUM over time. The acquisition aligns with KKR’s strategy of securing long-dated capital and leadership positions in high-growth, hard-to-build markets. Simultaneously, KKR’s private wealth K Series continues to surge, with AUM doubling year-over-year to $35 billion, fueled by strong demand for alternative assets among individual investors.

KKR & Co. (KKR) Reports $129B Fundraising, $972M Q4 Fee-Related Earnings

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KKR & Co. Inc. (NYSE:KKR) is entering 2026 with embedded gains of $19 billion, a 19% increase from last year, providing high visibility for future monetizations. Management expressed extreme confidence in exceeding their 2026 FRE targets and highlighted the firm’s linear pacing in deployment, having invested $95 billion in 2025 across key areas like infrastructure and asset-based finance.

KKR & Co. Inc. (NYSE:KKR) is a private equity and real estate investment firm specializing in direct and fund-of-fund investments.

While we acknowledge the potential of KKR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KKR and that has 100x upside potential, check out our report about this cheapest AI stock.

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