KKR edges higher as private markets sector consolidates
KKR shares rose 1.22% to $93.04 on Tuesday, recovering ground after a stretch of underperformance. The stock sits 36% below its 52-week high of $144.84, a gap that reflects the broader rotation out of alternative asset managers this year. Revenue grew 30.5% year over year, while EPS jumped 54.5%, pushing net margin to 13.9%. The Alpha Score of 37.1 is held back by weak momentum and value sub-scores, though quality at 65.1 and sentiment at 50 suggest the earnings trajectory is intact. The private markets landscape shifted this week as EQT AB acquired Stockbridge, becoming the third-largest firm in the space. KKR faces a larger peer set and a more competitive fundraising environment. Watch for Jio Platforms' $3.8 billion IPO, expected to list by end-October at a $143-146 billion valuation — KKR is among the investors positioned in India's digital infrastructure buildout.