KKR & Co.LP reported second-quarter after-tax economic net income of $191.2million, or 23 cents per adjusted unit, compared to $746.7 million, or 88 centsper adjusted unit, for the quarter ended June 30, 2015.

The S&P Capital IQ consensus normalized estimate for thequarter was 5 cents per unit.

The company reported second-quarter net income attributableto common unitholders of $93.9 million, or 19 cents per unit, versus $376.3million, or 78 cents per unit, in the 2015 second quarter.

After-tax distributable earnings grew year over year to$507.6 million from $465.3 million.

"Investment performance, asset growth and capitaldeployment trends continued while exit activity drove one of the highestDistributable Earnings quarters in our history," Henry Kravis and GeorgeRoberts, co-chairmen and co-CEOs, said in a statement.

The company ended the quarter with $130.99 billion in AUM,compared to $126.39 billion as of March 31 and $114.47 billion as of June 30,2015. KKR raised new capital in its private equity, credit and hedge fundbusinesses and saw an increase in the fair value of its private equityportfolio.

Fee paying AUM was $94.61 billion at the end of the quarter,up from $93.72 billion at the end of the prior quarter and $86.88 billion atthe end of the prior-year quarter.