EQUITY BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of expense associated with equity based compensation

The following table summarizes the expense associated with equity-based compensation for the three and nine months ended September 30, 2018 and 2017, respectively.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Equity Incentive Plan Units	$	59,801	$	54,921	$	185,795	$	149,840
KKR Holdings Principal Awards	25,495		17,622		81,972		89,869
Total (1)	$	85,296	$	72,543	$	267,767	$	239,709

(1) Includes $2,952 and $10,044 of equity based charges for the three and nine months ended September 30, 2018 related to employees of equity method investees. Such amounts are included in Net Gains (Losses) from Investment Activities in the consolidated statements of operations.

Summary of information regarding the discount for the lack of participation rights in the expected dividends for shares granted

The following table presents information regarding the discount for the lack of participation rights in the expected dividends for shares granted subsequent to December 31, 2015.

Date of Grant	Discount per share (1)
January 1, 2016 to December 31, 2016	$	0.64
January 1, 2017 to December 31, 2017	$	0.68
January 1, 2018 to June 30, 2018	$	0.68
July 1, 2018 to Present	$	0.50

(1) Represents the annual discount for the lack of participation rights on expected dividends. The total discount on any given tranche of unvested shares is calculated as the discount rate multiplied by the number of years in the applicable vesting period.

Summary of significant assumptions used to estimate grant date fair value of Market Condition Awards

Below is a summary of the significant assumptions used to estimate the grant date fair value of the Market Condition Awards:

Closing KKR share price as of valuation date	$19.90
Risk Free Rate	2.02	%
Volatility	25.00	%
Dividend Yield	3.42	%
Expected Cost of Equity	11.02	%

Schedule of unrecognized expense of equity incentive plan awards expected to be recognized

As of September 30, 2018, there was approximately $380.7 million of total estimated unrecognized expense related to unvested awards, including Market Condition Awards. That cost is expected to be recognized as follows:

Year	Unrecognized Expense  (in millions)
Remainder of 2018	$	48.9
2019	167.9
2020	112.8
2021	39.2
2022	11.0
2023	0.9
Total	$	380.7

Schedule of unvested awards granted under equity incentive plan

A summary of the status of unvested awards granted under the Equity Incentive Plan, excluding Market Condition Awards as described above, from January 1, 2018 through September 30, 2018 is presented below:

	Shares		Weighted Average Grant Date Fair Value
Balance, January 1, 2018	46,422,733		$	14.98
Granted	1,849,305		20.61
Vested	(10,242,975	)	13.65
Forfeitures	(2,027,024	)	14.12
Balance, September 30, 2018	36,002,039		$	15.70

Schedule of remaining vesting tranches of awards granted under the equity incentive plan

A summary of the remaining vesting tranches of awards granted under the Equity Incentive Plan is presented below:

Vesting Date	Shares
October 1, 2018	5,753,904
April 1, 2019	9,206,688
October 1, 2019	4,471,831
April 1, 2020	6,455,250
October 1, 2020	3,453,424
April 1, 2021	3,337,989
October 1, 2021	1,976,345
April 1, 2022	118,158
October 1, 2022	1,137,278
October 1, 2023	91,172
	36,002,039

Schedule of unrecognized expense of unvested KKR Holdings awards expected to be recognized

As of September 30, 2018, there was approximately $281.7 million of estimated unrecognized expense related to unvested KKR Holdings awards. That cost is expected to be recognized as follows:

Year	Unrecognized Expense  (in millions)
Remainder of 2018	$	25.0
2019	96.1
2020	87.9
2021	47.4
2022	25.3
Total	$	281.7

Schedule of unvested holding awards granted

A summary of the status of unvested awards granted under the KKR Holdings Plan from January 1, 2018 through September 30, 2018 is presented below:

	Units		Weighted Average Grant Date Fair Value
Balance, January 1, 2018	30,848,583		$	14.42
Granted	450,000		20.90
Vested	(4,524,590	)	13.37
Forfeitures	(680,000	)	11.99
Balance, September 30, 2018	26,093,993		$	14.78

Schedule of remaining vesting tranches of holding awards granted

A summary of the remaining vesting tranches of awards granted under the KKR Holdings Plan is presented below:

Vesting Date	Units
October 1, 2018	1,970,000
April 1, 2019	229,514
May 1, 2019	3,680,000
October 1, 2019	2,455,000
April 1, 2020	124,479
May 1, 2020	3,680,000
October 1, 2020	2,940,000
May 1, 2021	3,680,000
October 1, 2021	3,425,000
October 1, 2022	3,910,000
	26,093,993