Private Equity

KKR’s second-quarter earnings almost double

KKR has reported a big jump in second-quarter earnings and hauled in a record amount of new cash from investors, as the value of its private-equity portfolio climbed.

The private-equity firm said net income was $1.28bn, or $2.05 a share, for the quarter ended June 30, compared with $698.6m, or $1.24 a share, a year earlier.

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