KKR Earnings Surge 58% on Strength in Capital Markets Unit.

KKR & Co. reported a 58% increase in adjusted net income to $1.24 billion in the third quarter, surpassing analyst expectations. The firm's capital markets unit saw a record $1 billion in fee-related earnings, driven by management fees and financing arrangements for companies. KKR's assets under management grew by 18% to $624 billion, with the company investing in various assets such as private equity, credit, infrastructure, and real estate. [Extracted from the article]