KKR, private equity portfolio climbs 9% in the quarter, posts $1.1 billion in net income. Distributable earnings of $925 million, a 104% yoy.
The Carlyle Group, net income up over 80% to $533 million in Q3 vs same period the previous year, total AUM now at $293 billion YTD. Distributable earnings of $731 million, that is 4X last year’s number at thistime of year.
Blackstone, total AUM increase to $730+ billion, a 25% increase year over year, and had a private equity inflow of over $7.4 billion in the third quarter. The firm nearly doubled its net income in Q3, taking in $1.4 billion.
These numbers are enorumous. The Covid and Post Covid era may mark the period of greatest wealth growth in modern times.