KKR Co-Founders Got $19.5M in Carried Interest

Private equity firm Kohlberg Kravis Roberts & Co. founders Henry Kravis and George Roberts each received about $19.5 million in carried interest during the year, Reuters reported, citing a filing with the Securities and Exchange Commission. Carried interest is typically the 20% that buyout executives take from the profit made on their funds, after compensating their investors, Reuters wrote.

(Reuters) – Private equity firm KKR & Co LP’s (KKR.N) co-founders Henry Kravis and George Roberts received about $19.5 million each in carried interest during the year, according to a filing with the Securities and Exchange Commission.

Carried interest is typically the 20 percent that private equity executives take from the profit made on their funds, after compensating their investors. The amounts can be large if the funds perform well.

Kravis and Roberts also received salary of $300,000 last year, the filing said.

KKR earlier in February raised its dividend and said fourth-quarter earnings rose nearly 39 percent.

Rival private equity firm Blackstone Group (BX.N) paid Chief Executive Stephen Schwarzman a salary of $350,000 and other compensation totaling $6.4 million according to a filing it made with the SEC in February. (Reporting by Megan Davies; Editing by Gary Hill)