reported its best fundraising quarter in more than four years, driven by record demand for its credit products, as earnings topped Wall Street expectations.

The buyout firm gathered $43 billion during the three months through September, including $27 billion for its credit business, according to a statement Friday. KKR's Global Atlantic insurance unit, collateralized loan obligation issuance and its high grade and asset-based finance groups fueled the credit results.

KKR and other alternative asset managers have been grappling with a difficult fundraising climate since the Federal Reserve began raising interest rates in 2022, with credit standing out ...