KKR & Co. is slated to report fourth-quarter results on February 5, with analysts forecasting earnings per share of $1.21 on revenue of $1.78 billion. Growth in management fees, up 20.4% year-over-year, and a 16.1% expansion in assets under management (AUM) are expected to drive top-line performance. The firm has beaten consensus EPS estimates in each of the last four quarters, a streak that underscores its ability to leverage transaction and performance fees even as operating expenses rise. Investors will watch fee-related income trends closely, as fee margins and realized gains remain critical to KKR’s earnings power.

KKR is joining a consortium led by Singtel to invest $10.9 billion in ST Telemedia Global Data Centres across Asia. The transaction will give KKR and its partners full ownership of these facilities, positioning the firm to capitalize on surging demand for artificial-intelligence processing capacity. The deal is one of the largest data-center transactions in the region’s history and underscores KKR’s strategic pivot toward infrastructure and digital-asset plays. It also expands the firm’s presence in high-growth markets such as India, Indonesia and Singapore, where hyperscale cloud and AI workloads are driving extraordinary capacity build-out.

Sources familiar with the matter report that KKR is readying Wella Company, the owner of the OPI nail polish brand, for a U.S. initial public offering later this year. The deal could value the global beauty business well above the $4.3 billion KKR paid in its 2020 take-private. Since acquisition, Wella has expanded its direct-to-consumer channels, launched new premium hair-care lines and improved operating margins by optimizing supply-chain costs. A U.S. listing would highlight KKR’s track record of transforming consumer-goods assets and could unlock significant valuation upside as investors reward brand-led companies with stable cash flows.