KKR Earnings Rise, as Private-Equity Portfolio Climbs

KKR & Co. reported an increase in third-quarter earnings, and the portion of profits that it could return to shareholders more than doubled.

The private-equity firm reported net income of $1.13 billion, or $1.80 per share, in the quarter ended Sept. 30 versus $1.06 billion, or $1.79 a share, a year earlier.