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KKR profits boosted by higher-than-expected exit gains

Private equity firm sees assets under management close in on $200bn

KKR profits boosted by higher-than-expected exit gains

KKR’s second-quarter profit rose as the firm sold off assets into a strong stock market.

The New York private equity firm said Thursday that its net profit was $680.4m, or $1.24 per share. That compares with $405.6m, or 81 cents a share, in the second quarter of 2017.

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