KKR’s chief financial officer outlined expectations for increased deal originations and closings in 2026 as capital markets stabilize. She pointed to growing momentum in private equity and credit businesses, driven by remaining dry powder and pent-up corporate sale mandates.

The CFO cautioned that significant income from real estate joint ventures, reinsurance operations and direct lending portfolios has not yet been factored into KKR’s valuation. She noted that once these diversified fee-related earnings are recognized, they could support multiple expansion and boost overall returns.