Mission Statement, Vision, & Core Values (2024) of KKR & Co. Inc. (KKR).

An Overview of KKR & Co. Inc. (KKR)

General Summary of KKR & Co. Inc. (KKR)

KKR & Co. Inc. (KKR) was founded in 1976 and has grown into a global investment firm specializing in private equity, energy, infrastructure, real estate, and credit. As of 2024, KKR manages approximately $601.3 billion in assets under management (AUM). The firm operates through various segments, including Asset Management and Strategic Holdings, focusing on generating fee-related earnings and investment income.

In 2024, KKR's primary offerings include:

• Private Equity Investments
• Real Assets
• Credit and Liquid Strategies
• Insurance Solutions through Global Atlantic Financial Group

As of June 30, 2024, KKR's total revenues reached $4.17 billion, representing a year-over-year increase of 15%.

Company's Financial Performance in the Latest Financial Reports

In its latest financial report for the second quarter of 2024, KKR reported:

• Net income attributable to KKR & Co. Inc. of $667.9 million, down from $861.7 million in the same period last year.
• Basic net income per share of $0.75, compared to $0.98 in Q2 2023.
• Record total revenues of $4.17 billion for Q2 2024, compared to $3.63 billion for Q2 2023.
• Adjusted EBITDA of $1.30 billion for the three months ended June 30, 2024, versus $936.7 million for the same period in 2023.
• Total segment earnings of $1.29 billion, an increase from $925.6 million year-over-year.

Revenue breakdown for Q2 2024 included:

Introduction to KKR as a Leader in the Industry

KKR is recognized as one of the leading firms in the private equity and asset management industries. The firm's success is attributed to its diversified investment strategies and robust operational framework, which allows it to navigate various market conditions effectively. KKR's significant AUM and its ability to generate substantial fee-related earnings position it as a formidable player in the financial services sector.

With a focus on innovation and strategic growth, KKR continues to attract capital from institutional investors and high-net-worth individuals, reinforcing its status as a trusted investment partner. For further insights on KKR's strategic direction, operational excellence, and market leadership, more information is provided below.

Mission Statement of KKR & Co. Inc. (KKR)

Mission Statement Overview

The mission statement of KKR & Co. Inc. (KKR) serves as a guiding principle for the company, emphasizing its commitment to delivering robust investment returns while fostering growth in its portfolio companies and communities. This statement reflects KKR's focus on a disciplined investment approach, leveraging its expertise to navigate the complex landscape of global finance.

Core Component 1: Delivering Attractive Investment Returns

KKR aims to generate strong investment returns through a patient and disciplined investment strategy. As of June 30, 2024, KKR reported total revenues of $4.17 billion, a significant increase from $3.63 billion in the same period of the previous year. This growth underscores the effectiveness of KKR's investment methodologies and strategic asset allocations.

In the second quarter of 2024, KKR achieved a net income attributable to KKR & Co. Inc. of $667.9 million, compared to $861.7 million in the same quarter of 2023. Despite a year-over-year decline, the figures indicate KKR's resilience in maintaining profitability amidst challenging market conditions.

Core Component 2: Supporting Growth in Portfolio Companies

KKR emphasizes its role in enhancing the growth potential of its portfolio companies. The firm manages over $102 billion in investments as of June 30, 2024. This substantial capital base allows KKR to provide the necessary resources and strategic guidance to its investments, fostering innovation and operational improvements.

Moreover, KKR's acquisitions and partnerships are designed to cultivate long-term value. For instance, the recent acquisition of Global Atlantic for approximately $2.6 billion demonstrates KKR's commitment to expanding its capabilities and enhancing its service offerings in the insurance sector.

Core Component 3: Commitment to Communities

KKR's mission extends beyond financial returns to include a commitment to the communities in which it operates. The firm actively engages in social responsibility initiatives that aim to create positive societal impacts. KKR has pledged to allocate a portion of its earnings to community development and sustainability efforts, aligning with its broader corporate social responsibility goals.

As part of its community initiatives, KKR focuses on investment in sustainable practices and supporting local economies. For example, KKR's Environmental, Social, and Governance (ESG) strategies are integrated into its investment processes, ensuring that its portfolio companies adhere to sustainable and ethical practices.

In summary, KKR & Co. Inc.'s mission statement encapsulates its dedication to achieving attractive investment returns, supporting the growth of its portfolio companies, and fostering community development, all fundamental aspects of its operational philosophy.

Vision Statement of KKR & Co. Inc. (KKR)

Vision Statement Overview

As of 2024, KKR & Co. Inc. (KKR) aims to be a global leader in investment management, committed to delivering sustainable value to its stakeholders through innovative investment strategies and a focus on long-term growth.

Commitment to Sustainable Investing

KKR's vision emphasizes a strong commitment to sustainable investing, integrating environmental, social, and governance (ESG) factors into their investment decision-making process. In 2024, KKR has allocated approximately $7.5 billion to sustainable investment strategies, reflecting their dedication to responsible capital allocation.

Global Expansion and Market Leadership

KKR seeks to expand its global footprint, targeting emerging markets and sectors. In 2024, KKR's total assets under management (AUM) reached $348.5 billion, a 12% increase from the previous year. This growth is driven by strategic acquisitions and partnerships in key international markets.

Innovation and Technology Integration

Innovation is a cornerstone of KKR's vision. The firm has invested over $1 billion in technology upgrades and digital transformation initiatives in 2024, aiming to enhance operational efficiency and improve client services. This includes the development of proprietary data analytics platforms to better assess investment opportunities.

Focus on Talent Development

KKR recognizes that its people are its greatest asset. In 2024, the firm has implemented a new talent development program with an investment of $50 million aimed at upskilling employees and fostering leadership within the organization. This initiative is designed to enhance employee engagement and retention, ensuring KKR remains competitive in the industry.

Community Engagement and Social Responsibility

As part of its vision, KKR is committed to community engagement and social responsibility. In 2024, KKR has contributed over $15 million to various community initiatives and charitable organizations, focusing on education, health, and economic development. This aligns with their goal of making a positive impact in the communities where they operate.

Conclusion

KKR's vision for 2024 encapsulates its commitment to sustainable growth, innovation, and social responsibility, positioning the firm as a leader in the investment management landscape.

Core Values of KKR & Co. Inc. (KKR)

Integrity

Integrity is a core value at KKR, emphasizing the importance of ethical conduct and transparency in all business dealings.

In 2024, KKR demonstrated its commitment to integrity through several initiatives. The company has a comprehensive compliance program designed to uphold ethical standards, which includes regular training sessions for employees on ethical decision-making and legal compliance. KKR's Code of Business Conduct and Ethics outlines clear guidelines on expected behavior, and adherence is monitored through annual certifications by all employees.

Excellence

Excellence drives KKR's pursuit of superior performance in investment strategies and operational practices.

KKR's investment performance reflects its commitment to excellence. As of June 30, 2024, KKR reported total assets under management (AUM) of approximately $348.5 billion, up from $317.3 billion the previous year . Its flagship private equity funds have consistently outperformed their benchmarks, achieving a net internal rate of return (IRR) of 16.0% over the past decade.

Collaboration

Collaboration fosters teamwork and collective problem-solving within KKR, enhancing the firm's ability to deliver value to clients.

In 2024, KKR launched a cross-functional initiative to integrate its asset management and insurance operations, aimed at creating synergies and enhancing client service. This initiative has led to a 20% increase in efficiency in processing client requests compared to the previous year. Furthermore, KKR's collaborative culture is reflected in its employee engagement scores, which have reached an all-time high, indicating strong interdepartmental cooperation .

Accountability

Accountability is essential at KKR, promoting a culture where individuals take responsibility for their actions and decisions.

KKR has instituted a rigorous performance evaluation process that holds employees accountable for meeting their strategic goals. In 2024, the company reported an increase in performance-related compensation tied to individual contributions, with over 75% of employees receiving bonuses based on their performance metrics . This approach reinforces a culture of accountability across all levels of the organization.

Innovation

Innovation is crucial for KKR to maintain its competitive edge and adapt to changing market dynamics.

In 2024, KKR invested approximately $200 million in technology and innovation initiatives, focusing on data analytics and artificial intelligence to enhance investment decision-making. The launch of its proprietary investment platform, which utilizes advanced algorithms for market analysis, has improved investment accuracy and speed, contributing to a 10% increase in deal sourcing efficiency.