KKR & Co. Inc. has published the transcript of its Third Quarter 2025 Earnings Conference Call. The event, held on November 7, 2025, featured key management including Craig Larson, Partner & Head of Investor Relations; Robert Lewin, Chief Financial Officer; and Scott Nuttall, Co-Chief Executive Officer. Analysts from firms such as Evercore ISI, TD Cowen, Goldman Sachs, Wolfe Research, Deutsche Bank, Barclays, Morgan Stanley, Piper Sandler, Autonomous Research, Citizens JMP Securities, and Bank of America participated in the Q&A session. During the call, management reviewed the firm's investment performance and highlighted the strong position of KKR's portfolios. According to one executive, "We have roughly $17 billion of embedded gains that sit on our balance sheet across our Asset Management and Strategic Holdings, which is at or near record levels for us, and this is despite the healthy monetization activity that you've seen in the quarter." The team also addressed key questions from investors, noting their disciplined approach to investment pacing and deployment. The full transcript can be accessed through the link below.