reuters  private equity firm kkr  co inc said on tuesday its aftertax distributable earnings more than doubled in the second quarter driven by a sharp rise in income from transaction fees and asset sales from its private equity portfolio buyout firms have been thriving as a dealmaking boom fueled by a stock market rally and cheap debt has allowed them to sell assets for top dollar last month blackstone group inc and carlyle group inc also reported that their distributable earnings doubled kkr’s aftertax distributable earnings rose to 9256 million in the second quarter up from 3656 million posted a year ago its aftertax distributable earnings per share of 105 surpassed the average wall street analyst estimate of 84 cents per share according to refinitiv kkr said it invested 19 billion of its capital during the quarter for acquisitions of companies such as information technology services provider ensono for 17 billion and 375 of fibercop an italian fiber optic joint venture for 18 billion euros 211 billion kkr said it generated 6056 million from asset sales including from the divestment of its stake in mixed martial arts company ultimate fighting championship and the sale of workplace software firm calabrio inc to thoma bravo lp a surge in revenue from its investments and the booking of income from its insurance business contributed to a net income under generally accepted accounting principles gaap of 13 billion up 83 from 6986 million last year funds in kkr’s private equity portfolio appreciated by 9 while its opportunistic real estate funds rose 10 in the second quarter its leveraged credit funds rose 2 in comparison kkr’s peers blackstone and carlyle had reported that their private equity portfolios rose 12 and 138 respectively kkr said it raised a record 59 billion in new capital in the second quarter driven by fundraising in its flagship north america infrastructure and core private equity funds as a result its assets under management rose 17 to 429 billion from 367 billion in march unspent capital also surged to 112 billion from 69 billion three months earlier owing to the pace of fundraising