COMPANY OVERVIEW

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries.

KKR's 2027 Summer Analyst Program is an opportunity for you to join a leading global investment firm, during your undergraduate career.

We are recruiting for Summer Analysts for KKR in our New York, Menlo Park, and San Francisco offices across our Capital Markets, Global Client Solutions, Global Macro and Asset Allocation, Infrastructure, Insurance Investments and Institutional Markets, Leveraged Credit, Private Credit, Private Equity, and Real Estate businesses. While the role will differ slightly across teams, Summer Analysts will be involved in helping identify attractive investment themes and opportunities, synthesizing industry and market data and analyzing potential investments. Following the conclusion of the internship, 2028 full-time offers may be extended to exceptional performers.

Business Descriptions

Capital Markets

KKR Capital Markets (KCM) supports our firm, portfolio companies, and third-party clients by providing tailored capital markets advice and developing and implementing capital solutions for investments and companies seeking financing. The Equity, Debt and Structured Capital Markets teams, respectively, within KCM, assist our portfolio companies and third-party clients with financing and capital structure improvement. Summer Analysts will have the chance to work with our team to become integral members of the deal process while learning valuable analytical and financial structuring skills across a variety of KKR investments. The Co-Investments & Partnerships Team within KCM works directly with KKR's investing teams across the firm's geographies and strategies to raise capital, structure, and execute transactions for the firm. Summer Analysts will work alongside the broader team to cultivate deep relationships with LPs and other investors to help guide their investment teams through co-investment opportunities.

Global Client Solutions

KKR's Global Client Solutions ("KCS") consists of over 300 experienced professionals globally dedicated to understanding investor objectives, delivering thought leadership, and offering investment solutions customized to meet the needs of our clients. The group's long-term objective is to diversify KKR's client base to include new investors, across all regions and institution types, and to raise capital for the Firm's expanding product platform through developing, structuring and maintaining collaborative partnerships with our investors.

KCS includes three underlying sub-teams:

Institutional Client Solutions: responsible for direct outreach to institutional clients and prospects
Global Wealth Solutions: responsible for direct outreach to wealth platforms, advisors, clients, and prospects
Global Product Strategy: responsible for managing the various products and offerings across KKR's platform

Global Macro and Asset Allocation - Derivatives & Liability Management

The Derivatives & Liability Management team is responsible for the negotiation, structuring, execution, and management of all risk management derivatives hedging and financing solutions. The Derivatives team covers FX, interest rates, and equity derivatives, while the Liability Management team focuses on subscription line and NAV financing as well as other fund-level bespoke financing solutions. The team works across the full spectrum of KKR funds, strategies, geographies, and asset classes. The ideal candidate works well in a team-driven environment, is highly motivated, intelligent, has sound judgment and has demonstrated excellence in prior endeavors. They have excellent communication (verbal and written), interpersonal and organizational skills. They are highly analytical and detail oriented, with problem solving capability, have a desire to work in a team environment with dynamic roles and an ability to work independently. They are intellectually curious and have a high level of accountability. Summer Analysts will be involved in all aspects of the deal processes, from inception to execution and will assist with all full-time analyst responsibilities.

Infrastructure

KKR's Infrastructure private equity team invests across a broad global mandate through multiple flagship strategies - including the ~$17bn Global Infrastructure Fund, the ~$13bn Core Infrastructure Fund, and the new Global Climate Fund. The team focuses on asset-heavy businesses in Communications (data centers, fiber-to-the-home, wireless towers), Transportation (rail, sea, road), Energy Transition (renewables, utilities), and a wide range of Industrial sectors (manufacturing, agriculture, healthcare). Since inception in 2008, KKR Infrastructure has been a leading global investor in the sector, deploying capital across control buyouts, corporate partnerships, and growth-oriented financings. Summer Analysts play a meaningful role on the team, effectively stepping into the position of a full-time analyst. Responsibilities include financial modeling and analysis, due diligence, market and industry research, and participation in meetings with management teams and external advisors. The ideal candidate will bring strong analytical and interpersonal skills, a passion for investing, and an interest in working across a diverse set of industry verticals and transaction types, while contributing to KKR's collaborative and high-performance culture.

Insurance - Investments

KKR Insurance Investments is part of KKR's global investment platform and focuses on evaluating and managing investments for the firm's Insurance capital. The position allows Summer Analysts to work directly under managers of a $200bn+ portfolio that oversee and help underwrite investment opportunities ultimately evaluated at the Insurance Investment Committee, often in direct collaboration with other KKR deal teams. Relevant asset classes Summer Analysts may gain exposure to span Liquid Credit, Illiquid, Private High Grade Investments including Infrastructure, as well as Asset-Based Finance & Structured Products. In addition to deal work, Summer Analysts can also be staffed to the group's Portfolio Management and Trading, Portfolio Construction and Optimization, and Capital Markets, Structuring & Strategy teams to form a broad view of how insurance portfolios are deployed and managed across public and private markets.

Click here to apply to Insurance - Investments.

Insurance - Institutional Investments (Commercial)

The Institutional Markets Commercial Team within KKR Insurance is the principal investing team of KKR Insurance, focused on evaluating and executing capital deployment opportunities across the US and global insurance markets. The team oversees a broad set of commercial opportunities including reinsurance, retail insurance, acquisitions, and other strategic insurance initiatives that support the growth of KKR's Insurance Business with over $200bn in AUM. Summer Analysts will step into the shoes of a Full-Time Analyst and work closely with the team to assess commercial opportunities through financial modeling, due diligence, and industry research as well as to prepare materials to present recommendations to the executive management team. We seek team-oriented, intellectually curious candidates with strong analytical and quantitative skills, a high degree of self-motivation, and the ability to learn quickly in a fast-paced environment.

Click here to apply to Insurance - Institutional Investments (Commercial).

Insurance - Institutional Investments (Institutional Risk)

The Institutional Risk Intern will join KKR's Institutional business in New York for a rigorous, 10-week summer internship focused on actuarial risk analysis within the global Life and Annuity sector. The role is part of a specialized eight-person team responsible for evaluating liability risks related to reinsurance transactions and acquisition opportunities. The team works closely with actuarial modeling, U.S. valuation, and Bermuda reporting functions, and plays a critical role in transaction pricing, risk assessment, and post-acquisition integration. Summer Analysts should have strong programming skills in Python, including experience with data analysis and numerical libraries (e.g., pandas, NumPy, SciPy).

The Intern will contribute directly to reinsurance deal pricing and actuarial/financial analysis by:

Supporting liability modeling and cash flow projections in R3S for reinsurance pricing and transaction analysis
Developing and enhancing Python-based tools and workflows to support deal pricing, scenario analysis, and risk monitoring
Performing data analysis on large, complex actuarial datasets to identify, quantify, and explain risks across varying liability structures
Building and maintaining automated dashboards and controls to monitor the performance and risk profile of in-force transactions
Presenting technical analyses, model outputs, and key risk drivers to senior team members

Click here to apply to Insurance - Institutional Markets (Institutional Risk).

Leveraged Credit

KKR's Leveraged Credit platform uses a fundamental, bottoms-up research approach to manage and invest over $129 billion of assets across a variety of asset classes and return profiles, with a primary focus on leveraged loans, high yield bonds, and convertible bonds. Summer Analysts will be engaged in all aspects of the investment process, including but not limited to: idea generation, research and due diligence, financial modeling, and presenting recommendations to the Investment Committee. A successful candidate will be a self-starting, independent thinker with a strong work ethic and a passion for investing.

Private Credit - Asset Based Finance

Asset-Based Finance focuses on privately originated and negotiated investments with a focus on thematic investing in underserved, hard-to-access, and mispriced assets. We focus on 4 main segments with a multi-asset class approach up and down the capital structure - Mortgage Finance, Renewable Energy, Transportation and Consumer/Esoteric. We would look for our Summer Analysts to plug directly into deal teams, supporting other team members on new deal underwriting & execution along with portfolio management and other tasks. This would include modeling, preparing internal and external memos, working together with management teams, and plenty of other activities. We'd like our analyst to be hard working, curious, thoughtful, and confident - strong math and logic skills are also a plus.

Private Credit - Credit Solutions

KKR's Credit Solutions Group ("CSG") sits within the firm's Credit & Markets umbrella. It uniquely combines principal credit investing and capital markets capabilities to provide tailored debt financing solutions. The CSG team has access to ~$40+ billion of capital, which it invests primarily in larger middle market companies across all industries. Depending on the situation and financing need, the team has the ability to invest across the debt capital structure, ranging from senior secured loans to junior, mezzanine and preferred equity solutions. The CSG team also works closely with the KKR Capital Markets team, sharing ideas and resources that allow deal teams to take a holistic view and provide optimal financing solutions across both public and private markets.

Summer Analysts will be expected to become integral parts of deal teams over the summer. They will be responsible for helping deal teams through all stages of the investment process, including preliminary diligence efforts, creation of committee materials, financial modeling, internal processes and more. A desire to learn, proactivity and an ability to come up the curve quickly to learn our business are the key attributes we are looking for in Summer Analysts.

Americas Private Equity

Financial Services & Technology

The America's Private Equity Financial Services & Technology team invests out of KKR's Flagship, Core, and Ascendant Private Equity funds broadly across a number of Financial Services subsectors, including insurance, wealth management, payments, and financial technology & software. Given the team's lean staffing model, a successful candidate will have the opportunity to take on a high degree of responsibility and will contribute to the team's efforts across the deal lifecycle, including investment sourcing, industry research, financial modeling, and portfolio company monitoring. We are looking for highly motivated, intellectually curious candidates with a demonstrated interest in investing.

Healthcare

The America's Private Equity Healthcare Team invests in control buyouts, growth equity, and venture capital deals across the entire healthcare spectrum - from healthcare consumer franchises, multi-billion-dollar hospital networks, and novel biopharmaceuticals, to healthcare software start-ups - via the America's Private Equity fund, Core Investments fund, and the Healthcare Strategic Growth Fund. Expected responsibilities for Summer Analysts include supporting the deal team across the deal lifecycle including initial investment diligence analysis and modeling, portfolio monitoring, and ongoing thematic work such as sector landscaping. The ideal Summer Analyst candidate is a self-starter and highly intellectually curious, has a deep interest in investing, possesses a strong quantitative foundation, and has a can-do attitude.

Industrials

The America's Private Equity Industrials team looks at attractive investment opportunities across all Industrial sectors (including diversified manufacturing, building products, transportation, packaging, aerospace & defense, chemicals, and more) with a focus on employee engagement as a key driver of investment performance. Since the team was formed in 2010, KKR Industrials has been one of the most active private equity investors in the Industrials sector globally, having completed >$20 billion worth of acquisitions across sixteen platform investments. The Summer Analyst will serve as an integral member of the KKR Industrials team, assisting with new investment evaluation, financial analysis and modeling, and market research. In addition, the Summer Analyst will work with team members and Industry Advisors to progress value creation efforts at existing portfolio companies. The ideal candidate will possess strong analytical and interpersonal skills, thrive in team-based environments, and have a strong desire to grow and develop as an investor.

Media & Tech Services

The America's Private Equity Technology, Media & Telecom (TMT) team focuses on larger scale investments across an exciting and dynamic ecosystem, and employs a flexible mandate spanning leveraged buyouts, majority / minority growth investments, PIPEs, and public toeholds. The Media & Tech Services team in New York has particular focus areas across media, entertainment, sports, data & analytics, advertising / marketing, education, telecom, and IT services. Our investment philosophy is thematic, growth-oriented, and hands-on with a bias towards market leading platforms that have differentiated content, data and / or software. Given the team's lean staffing model, a successful candidate will have the opportunity to take on significant responsibility and will contribute to our efforts across the deal lifecycle, including theme development, new investment evaluation, due diligence, financial modeling, and portfolio company oversight. We are looking for highly motivated, intellectually curious candidates with a passion for the TMT sector and demonstrated interest in investing.

Real Estate

Real Estate Credit

KKR Real Estate Credit invests in performing commercial real estate debt, secured by high-quality real estate across asset classes managed by top-tier sponsors in major cities. KKR Real Estate Credit originates loans and invests in securities across the risk-return spectrum from stabilized to heavy transitional business plans via its KREF, KROX, KREST, RECOP I/II, RESTAC and Global Atlantic capital bases. Summer Analysts will build analytical and professional skills by working on live deals through all stages of the deal process from origination to deal closing or by working on the asset management of already closed deals. Summer Analysts will be responsible for helping the team underwrite properties, perform market research, participate in deal presentations, and present their recommendations to the investment committee. KKR Real Estate Credit is looking for candidates eager to be a part of a high-growth platform who are team-oriented with a passion for investing and a demonstrated interest in real estate.

Real Estate Equity

KKR Real Estate Private Equity invests in real estate property, companies, and platforms across asset classes and the risk-return spectrum. KKR Real Estate Private Equity uses a thematic approach to evaluate opportunities globally with over $85Bn currently under management. A Real Estate Private Equity Analyst at KKR will have the opportunity to gain unique investment experience and develop an advanced and broad real estate/financial skill set. An Analyst will be integrally involved with many aspects of the real estate investment process, including: analyzing potential acquisition and development opportunities in commercial and residential real estate; contributing to key diligence work streams including financial modeling, gathering and synthesizing industry/market data, and coordinating with legal, tax and commercial diligence advisors; and assisting with monitoring/executing business plans for existing real estate investments. KKR Real Estate Private Equity is looking for candidates eager to be a part of a high-growth platform who are team-oriented with a passion for investing and a demonstrated interest in real estate. The team has offices in New York City and San Francisco and is hiring Summer Analysts for both locations.

Primary Qualifications and Skills:

Anticipated graduation date from an undergraduate program in December 2027 - June 2028
Outstanding academic record
Aptitude for critical and creative thinking across the quantitative and qualitative spectrum
Self-starter; comfortable in an entrepreneurial environment
Ability to learn quickly with clear intellectual curiosity and self-motivation
Excellent communication skills
Team-oriented
Ability to multi-task, prioritize, and work both independently and within teams
Strong attention to detail
Creative problem-solving skills
Demonstrated leadership ability
Exceptional work ethic and sense of urgency

KKR will provide reasonable accommodations as required by applicable federal, state, and/or local laws. Individuals seeking an accommodation for the application or interview process should email kkrcampusrecruiting@kkr.com.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access www.kkr.com/careers as a result of your disability. You can request reasonable accommodations by sending an email to kkrcampusrecruiting@kkr.com.

#LI-DNI

This is the expected annual base salary range for this Menlo Park-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range

$100,000-$110,000 USD

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range

$100,000-$110,000 USD

This is the expected annual base salary range for this San Francisco-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range

$100,000-$110,000 USD

KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.

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2027 Summer Analyst Program