Private equity firm KKR's Q1 earnings drop 3 percent on fund values
April 24, 2014 at 08:05 AM EDT
NEW YORK, April 24 (Reuters) - Private equity firm KKR & Co LP on Thursday reported a 3 percent year-on-year drop in first-quarter profit due to a lower appreciation of its investments, overshadowing a near-doubling in fees it received for managing assets and doing deals.