KKR's 2Q Earnings Soar; Others Sag

Kohlberg Kravis Roberts & Co. bucked a declining trend among alternative asset companies to report a 73.4 percent jump in earnings in the second quarter, driven by successful exits from private equity investments and a rise in the value of its portfolio, sister news service Reuters reported. Fears over the euro zone’s debt crisis and faltering global economic growth have weighed on the valuation of private equity portfolios of firms such as Blackstone Group LP and Carlyle Group LP, often mirroring stock market declines. KKR’s portfolio has proved more resilient.