KKR Group raises $28 billion in new capital.

Global private equity giant KKR Group recently announced that despite the slowdown in asset sales which resulted in investment income of $24 billion remaining flat compared to the previous quarter, the company raised $28 billion in new funds, driving its assets under management to grow by 14% year-on-year to reach $686 billion. Analysis points out that KKR holds $115 billion in available funds, and with the stable contribution from its subsidiary Global Atlantic insurance business, the group is steadily moving towards its target of reaching $1 trillion in assets under management by 2029.