KKR Has Strong Q2, Still Finding Attractive Investments

KKR & Co. L.P. (NYSE:KKR), a global alternative asset management company, declared pre-tax Economic Net Income (ENI) of $502 million during the second quarter, up from $144 million in the year ago quarter. Distributable earnings rose from $403.8 million to $701.0 million year on year. The global giant had total assets under management (AUM) of $98 billion and fee paying assets under management of $79.7 billion as at the end of the quarter. It declared a distribution of $0.67 per unit (up from $0.42 in 2Q13), of which $0.41 constituted realized cash carry. “Our realization activity in the second quarter…