KKR's Durable Growth Story Is Underappreciated

KKR & Co. Inc. remains a 'Strong Buy,' with resilient fee-based earnings and robust AUM growth despite sector concerns around private credit. KKR's Q1 results saw EPS up 21% to $1.39, management fees up 30% to $1.19 billion, and AUM rising 14% to $758 billion. Uncalled commitments of $125 billion provide a visible growth runway, supporting durable fee revenues even if fundraising slows.