KKR & Co.’s billionaire co-founders Henry Kravis and George Roberts received more than $161 million each last year, an increase of more than 17 percent from 2012, as the firm took advantage of rising equity markets to sell shares in companies.
Carlyle Group LP’s founders received $92.9 million each last year in pay and cash dividends, an increase of 61 percent from 2012, as the firm took advantage of rising equity markets to sell shares in companies.
The top 10 dealmakers at publicly traded private-equity firms took home at least $1.7 billion in dividends in 2013 as they seized on rallying stock markets to sell stakes in everything from a Chinese insurer to a U.S. theme-park operator to a French floormaker.
Carlyle Group LP, the world’s second-largest manager of investment alternatives to stocks and bonds, said fourth-quarter profit more than tripled as the value of its fund holdings increased and the firm sold assets at a profit.
KKR & Co., the buyout firm run by George Roberts and Henry Kravis, will close down two funds targeting individual investors in a setback to private-equity firms’ efforts to attract money from individuals and eventually the $4 trillion market for 401(k) retirement plans.