KKR's quarterly profit reached a record level

KKR's quarterly profit grew by 29%, reaching a record $1.6 billion. The growth was driven by investment sales and an increase in revenue from fund management.
In the third quarter, investors poured another $25 billion into KKR's funds. As a result, the company now manages more than $800 billion in capital.
Profit from fund management rose by 27%, reaching $1.3 billion. The company also plans to return more than $40 billion to investors this year.
KKR will earn additional profit from the sale of USI Insurance Services to Aon for $17 billion. The deal is expected to close by the end of the year and will bring the company approximately $2 billion.
Source: Reuters
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