Dakota Releases Q2 2025 Earnings Recap for KKR: $28B Raised, $686B AUM, and Investment Platform Updates

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Dakota has published its Q2 2025 Earnings Recap Report on KKR, providing an overview of the firm’s quarterly results and global platform developments.

KKR reported Fee Related Earnings of $887 million, up 17% YoY, Total Operating Earnings of $1.2 billion, and Adjusted Net Income of $1.1 billion, up 9%. Total AUM rose to $686 billion, supported by $28 billion in fundraising and $18 billion in global deployment during the quarter.

The quarter featured continued growth in asset-based finance, expansion in private wealth, and an increased presence in life sciences credit following the acquisition of HealthCare Royalty Partners (~$3 billion AUM). Additionally, Global Atlantic received a $2 billion commitment from Japan Post Insurance to its Ivy vehicle, which is expected to generate additional fee-paying AUM over time.

Key Highlights from Q2 2025:

  • $28 billion Raised, with over 50% of new credit commitments from first-time LPs
  • $18 billion Deployed, with nearly half invested internationally
  • $115 billion in Dry Powder, supporting future investment capacity
  • K-Series platform AUM doubled to $25 billion
  • Acquisition of HealthCare Royalty Partners expands footprint in biopharma credit markets

Download Dakota’s full KKR Q2 2025 Earnings Recap Report here!

About Dakota

Dakota is a financial, software, data and media company based in Philadelphia, PA. Dakota’s flagship product, Dakota Marketplace, is a database of LPs, GPs, Private Companies and Public Companies used by fundraising teams deal sourcing teams to both raise money as well source investment opportunities. Over 1,300 global investment firms use Dakota daily.

Written By: Morgan Holycross, Marketing Manager

Morgan Holycross is a Marketing Manager at Dakota.