KKR & Co. Inc. (KKR) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.294 Ladies and gentlemen, thank you for standing by. 00:00:02.294 -- 00:00:07.800 Welcome to KKR's first quarter 2026 earnings conference call. 00:00:07.800 -- 00:00:12.144 During today's presentation, all parties will be in a listen-only mode. 00:00:12.144 -- 00:00:16.970 Following management's prepared remarks, the conference will be open for questions. 00:00:16.970 -- 00:00:21.795 I will now hand the call over to Craig Larson, partner and head of investor relations 00:00:21.795 -- 00:00:26.058 for KKR. Craig, please go ahead. 00:00:29.073 -- 00:00:31.135 Thank you, Operator. Good morning, everyone. 00:00:31.135 -- 00:00:35.199 Welcome to our first quarter 2026 earnings call. 00:00:35.199 -- 00:00:40.205 This morning, as usual, I'm joined by Rob Lewin, our Chief Financial Officer, and Scott 00:00:40.205 -- 00:00:44.087 Nuttall, our Co-Chief Executive Officer. 00:00:44.089 -- 00:00:48.333 We would like to remind everyone that we will refer to non-GAAP measures on the call, 00:00:48.333 -- 00:00:52.297 which are reconciled to GAAP figures in our press release, which is available on the 00:00:52.297 -- 00:00:55.779 Investor Center section at KKR.com. 00:00:55.887 -- 00:01:01.135 And as a reminder, we report our segment numbers on an adjusted share basis. 00:01:01.135 -- 00:01:05.642 This call will contain forward-looking statements which do not guarantee future events 00:01:05.642 -- 00:01:10.649 or performance. Please refer to our earnings release as well as our SEC filings 00:01:10.649 -- 00:01:14.552 for cautionary factors about these statements. 00:01:15.216 -- 00:01:19.362 So first, beginning with our results for the quarter, fee-related earnings per share 00:01:19.362 -- 00:01:22.507 came in at $1.13. That's 00:01:22.507 -- 00:01:...