Business Segments · Reimbursable Expenses
Asset Management — Reimbursable Expenses
KKR & Co. Asset Management — Reimbursable Expenses increased by 21.6% to $56.91M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 32.8%, from $84.68M to $56.91M. Over 3 years (FY 2022 to FY 2025), Asset Management — Reimbursable Expenses shows an upward trend with a 17.1% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2022
Last reportedQ4 2025
How to read this metric
An increase generally tracks with higher fund activity and administrative complexity, but should be neutral to net profitability.
Detailed definition
These are costs incurred by the firm on behalf of the investment funds or managed entities that are contractually eligib...
Peer comparison
Standard practice in private equity and credit management where fund-level expenses are borne by the limited partners.
Metric ID:
kkr_segment_asset_management_reimbursable_expensesHistorical Data
16 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $25.73M | $25.73M | $25.73M | $25.73M | $18.92M | $18.92M | $18.92M | $18.92M | $8.09M | $27.17M | $32.79M | $84.68M | $32.21M | $29.49M | $46.79M | $56.91M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -26.5% | +0.0% | +0.0% | +0.0% | -57.2% | +235.7% | +20.7% | +158.2% | -62.0% | -8.4% | +58.6% | +21.6% |
| YoY Change | — | — | — | — | -26.5% | -26.5% | -26.5% | -26.5% | -57.2% | +43.6% | +73.3% | +347.5% | +298.0% | +8.6% | +42.7% | -32.8% |
Range$8.09M – $84.68M
CAGR+23.6%
Avg YoY Growth+51.5%
Median YoY Growth-9.0%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is KKR & Co.'s asset management — reimbursable expenses?
- KKR & Co. (KKR) reported asset management — reimbursable expenses of $56.91M in Q4 2025.
- How has KKR & Co.'s asset management — reimbursable expenses changed year-over-year?
- KKR & Co.'s asset management — reimbursable expenses decreased by 32.8% year-over-year, from $84.68M to $56.91M.
- What is the long-term trend for KKR & Co.'s asset management — reimbursable expenses?
- Over 3 years (2022 to 2025), KKR & Co.'s asset management — reimbursable expenses has grown at a 17.1% compound annual growth rate (CAGR), from $102.93M to $165.40M.
- What does asset management — reimbursable expenses mean?
- Operating costs incurred by the firm that are paid back by the investment funds.