Publicly Traded PE Firms Post Record Q3 Numbers

All four publicly traded private equity firms just reported unprecedented financial results for the quarter just ended. They also reported huge inflows of assets from their limited partners. Check out the numbers:

KKR,  private equity portfolio climbs 9% in the quarter, posts $1.1 billion in net income. Distributable earnings of $925 million, a 104% yoy.

Apollo Global Management, Distributable earnings of $752 million, despite its net income falling to $249 million in the quarter compared with $263 million in Q3 2020.

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.