On August 13, KKR & Co LP rose 3.01% in regular trading, trading at $114.22/share with turnover of $100 million, extending the prior session's nearly 7% surge.

On the news front, multiple catalysts are driving the rally. KKR's Q2 earnings marked a record monetization quarter, with assets under management reaching $796 billion, exceeding market expectations. Jefferies raised its price target to $129 maintaining a Buy rating, while Autonomous Research lifted its target to $123. The firm completed a record $19.2 billion infrastructure fund close, its largest infrastructure vehicle to date. KKR also landed several major deals including the $5.7 billion all-cash acquisition of Integer Holdings at $127/share, a 1.2 billion euro acquisition of Medicover India, and a proposed $2.7 billion privatization of Philippines-based First Gen. Additionally, NVIDIA announced a partnership with KKR and other financial giants to establish AI compute infrastructure financing platforms targeting over $500 billion in third-party capital.

Within the Asset Management sector, Blue Owl Capital rose 3.21%, Blackstone gained 1.74%, and BlackRock added 1.55%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)