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 surge in transaction fees, driving fee-related earnings to a record $1 billion. KKR's assets under management grew by 18% to $624 billion, with the company investing across various asset classes. Additionally, KKR's Global Atlantic insurance arm saw a 46% increase in profit, and the firm raised $24 billion of new capital in the quarter. [Extracted from the article]