KKR's Q1 earnings surge 20% on strong management fees, annuities business

KKR's Q1 earnings surge 20% on strong management fees, annuities business

KKR's New York office, Source: TMRW

Private equity firm KKR & Co Inc said on Wednesday its first-quarter adjusted net income jumped 20% year-on-year, driven by strong management and transaction fees as well as earnings from its annuities business.