KKR & Co. Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4 increased by 2.3% to $53.64B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.7%, from $52.75B to $53.64B. Over 4 years (FY 2021 to FY 2025), Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4 shows an upward trend with a 16.7% CAGR.
An increase indicates a shift toward higher-yielding, less liquid private credit assets, which may increase credit risk exposure.
This represents long-term private debt instruments held for investment purposes, recorded at amortized cost net of any v...
Increasingly common among large insurers seeking yield in private markets.
non_current_assets_financing_receivable_excluding_accrue_11d9cc| Q4 '21 | 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 | $28.88B | $35.42B | $35.09B | $34.70B | $35.91B | $37.00B | $39.18B | $41.22B | $46.82B | $51.67B | $52.75B | $53.03B | $52.89B | $52.41B | $53.64B |
| QoQ Change | — | +22.7% | -0.9% | -1.1% | +3.5% | +3.0% | +5.9% | +5.2% | +13.6% | +10.4% | +2.1% | +0.5% | -0.3% | -0.9% | +2.3% |
| YoY Change | — | — | +21.5% | — | — | +4.5% | +11.6% | +18.8% | +30.4% | +39.7% | +34.6% | +28.7% | +13.0% | +1.4% | +1.7% |