KKR & Co. (KKR) 10-K 24 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Billions, except Share data, unless otherwise specified	Dec. 31, 2013	Feb. 18, 2014	Jun. 30, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'KKR & Co. L.P.	'	'
Entity Central Index Key	'0001404912	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$5.30
Entity Common Stock, Shares Outstanding	'	288,143,327	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_STATEMENTS_OF_FIN

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and Cash Equivalents	$1,306,383	$1,230,464
Cash and Cash Equivalents Held at Consolidated Entities	440,808	587,174
Restricted Cash and Cash Equivalents	57,775	87,627
Investments	47,383,697	40,697,848
Due from Affiliates	143,908	122,185
Other Assets	2,094,630	1,701,055
Total Assets	51,427,201	44,426,353
Liabilities and Equity	'	'
Debt Obligations	1,908,606	1,123,414
Due to Affiliates	93,851	72,830
Accounts Payable, Accrued Expenses and Other Liabilities	2,839,926	1,824,655
Total Liabilities	4,842,383	3,020,899
Commitments and Contingencies	'	'
Redeemable Noncontrolling Interests	627,807	462,564
Equity	'	'
KKR & Co. L.P. Partners' Capital (288,143,327 and 253,363,691 common units issued and outstanding as of December 31, 2013 and 2012, respectively)	2,727,909	2,008,965
Accumulated Other Comprehensive Income (Loss)	-5,899	-4,606
Total KKR & Co. L.P. Partners' Capital	2,722,010	2,004,359
Noncontrolling Interests	43,235,001	38,938,531
Total Equity	45,957,011	40,942,890
Total Liabilities and Equity	$51,427,201	$44,426,353

CONSOLIDATED_STATEMENTS_OF_FIN1

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical)	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION	'	'
Common units issued	288,143,327	253,363,691
Common units outstanding	288,143,327	253,363,691

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues	'	'	'
Fees	$762,546	$568,442	$723,620
Expenses	'	'	'
Compensation and Benefits	1,266,592	1,280,854	868,749
Occupancy and Related Charges	61,720	58,205	54,282
General, Administrative and Other	438,826	259,729	290,974
Total Expenses	1,767,138	1,598,788	1,214,005
Investment Income (Loss)	'	'	'
Net Gains (Losses) from Investment Activities	7,826,082	7,871,673	981,858
Dividend Income	695,521	940,888	225,073
Interest Income	474,759	358,598	321,943
Interest Expense	-99,616	-69,164	-72,758
Total Investment Income (Loss)	8,896,746	9,101,995	1,456,116
Income (Loss) Before Taxes	7,892,154	8,071,649	965,731
Income Taxes	37,926	43,405	89,245
Net Income (Loss)	7,854,228	8,028,244	876,486
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	62,255	34,963	4,318
Net Income (Loss) Attributable to Noncontrolling Interests	7,100,747	7,432,445	870,247
Net Income (Loss) Attributable to KKR & Co. L.P.	$691,226	$560,836	$1,921
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit	'	'	'
Basic (in dollars per unit)	$2.51	$2.35	$0.01
Diluted (in dollars per unit)	$2.30	$2.21	$0.01
Weighted Average Common Units Outstanding	'	'	'
Basic (in units)	274,910,628	238,503,257	220,235,469
Diluted (in units)	300,254,090	254,093,160	222,519,174

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'
Net Income (Loss)	$7,854,228	$8,028,244	$876,486
Other Comprehensive Income (Loss), Net of Tax:	'	'	'
Foreign Currency Translation Adjustments	-4,642	-5,571	-12,370
Comprehensive Income (Loss)	7,849,586	8,022,673	864,116
Less: Comprehensive Income (Loss) Attributable to Redeemable Noncontrolling Interests	62,255	34,963	4,318
Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests	7,096,898	7,428,785	861,608
Comprehensive Income (Loss) Attributable to KKR & Co. L.P.	$690,433	$558,925	($1,810)

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Common Units	Partners' Capital	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Redeemable Noncontrolling Interests
In Thousands, except Share data, unless otherwise specified	USD ($)		USD ($)	USD ($)	USD ($)	USD ($)
Balance at Dec. 31, 2010	$36,000,042	'	$1,324,530	$1,963	$34,673,549	'
Balance (in units) at Dec. 31, 2010	'	212,770,091	'	'	'	'
Increase (Decrease) in Partners' Capital	'	'	'	'	'	'
Net Income (Loss)	872,168	'	1,921	'	870,247	'
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	4,318	'	'	'	'	4,318
Other Comprehensive Income (Loss)-	'	'	'	'	'	'
Foreign Currency Translation (Net of Tax)	-12,370	'	'	-3,731	-8,639	'
Contribution of Net Assets of previously Unconsolidated Entities	69,600	'	'	'	69,600	'
Exchange of KKR Holdings L.P. Units to KKR & Co. L.P. Common Units	'	'	140,313	71	-140,384	'
Exchange of KKR Holdings L.P. Units to KKR & Co. L.P. Common Units (in units)	14,023,094	14,023,094	'	'	'	'
Tax Effects Resulting from Exchange of KKR Holdings L.P. Units and delivery of KKR & Co. L.P. Common Units	1,479	'	1,971	-492	'	'
Net Delivery of Common Units-Equity Incentive Plan (in units)	'	356,997	'	'	'	'
Equity Based Compensation	470,221	'	16,617	'	453,604	'
Capital Contributions	6,227,073	'	'	'	6,227,073	271,676
Capital Distributions	-6,219,070	'	-154,465	'	-6,064,605	-487
Balance at Dec. 31, 2011	37,409,143	'	1,330,887	-2,189	36,080,445	275,507
Balance (in units) at Dec. 31, 2011	'	227,150,182	'	'	'	'
Increase (Decrease) in Partners' Capital	'	'	'	'	'	'
Net Income (Loss)	7,993,281	'	560,836	'	7,432,445	'
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	34,963	'	'	'	'	34,963
Other Comprehensive Income (Loss)-	'	'	'	'	'	'
Foreign Currency Translation (Net of Tax)	-5,571	'	'	-1,911	-3,660	'
Exchange of KKR Holdings L.P. Units to KKR & Co. L.P. Common Units	'	'	260,225	-337	-259,888	'
Exchange of KKR Holdings L.P. Units to KKR & Co. L.P. Common Units (in units)	23,660,959	23,660,959	'	'	'	'
Tax Effects Resulting from Exchange of KKR Holdings L.P. Units and delivery of KKR & Co. L.P. Common Units	3,311	'	3,480	-169	'	'
Net Delivery of Common Units-Equity Incentive Plan	-12,316	'	-12,316	'	'	'
Net Delivery of Common Units-Equity Incentive Plan (in units)	'	2,552,550	'	'	'	'
Equity Based Compensation	400,207	'	62,877	'	337,330	'
Capital Contributions	4,880,814	'	'	'	4,880,814	180,984
Capital Distributions	-9,725,979	'	-197,024	'	-9,528,955	-28,890
Balance at Dec. 31, 2012	40,942,890	'	2,008,965	-4,606	38,938,531	462,564
Balance (in units) at Dec. 31, 2012	'	253,363,691	'	'	'	'
Increase (Decrease) in Partners' Capital	'	'	'	'	'	'
Net Income (Loss)	7,791,973	'	691,226	'	7,100,747	'
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	62,255	'	'	'	'	62,255
Other Comprehensive Income (Loss)-	'	'	'	'	'	'
Foreign Currency Translation (Net of Tax)	-4,642	'	'	-793	-3,849	'
Contribution of Net Assets of previously Unconsolidated Entities	294,767	'	'	'	294,767	'
Exchange of KKR Holdings L.P. Units to KKR & Co. L.P. Common Units	'	'	333,804	-776	-333,028	'
Exchange of KKR Holdings L.P. Units to KKR & Co. L.P. Common Units (in units)	28,184,258	28,184,258	'	'	'	'
Tax Effects Resulting from Exchange of KKR Holdings L.P. Units and delivery of KKR & Co. L.P. Common Units	19,200	'	18,924	276	'	'
Net Delivery of Common Units-Equity Incentive Plan	-8,136	'	-8,136	'	'	'
Net Delivery of Common Units-Equity Incentive Plan (in units)	'	6,595,378	'	'	'	'
Equity Based Compensation	307,514	'	114,709	'	192,805	'
Capital Contributions	7,475,577	'	'	'	7,475,577	176,503
Capital Distributions	-10,862,132	'	-431,583	'	-10,430,549	-73,515
Balance at Dec. 31, 2013	$45,957,011	'	$2,727,909	($5,899)	$43,235,001	$627,807
Balance (in units) at Dec. 31, 2013	'	288,143,327	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Activities	'	'	'
Net Income (Loss)	$7,854,228	$8,028,244	$876,486
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) by Operating Activities:	'	'	'
Equity Based Compensation	307,514	400,207	470,221
Net Realized (Gains) Losses on Investments	-3,909,432	-5,202,664	-3,317,360
Change in Unrealized (Gains) Losses on Investments	-3,916,650	-2,669,009	2,335,502
Other Non-Cash Amounts	-95,961	-36,939	-82,529
Cash Flows Due to Changes in Operating Assets and Liabilities:	'	'	'
Change in Cash and Cash Equivalents Held at Consolidated Entities	166,552	343,167	-222,557
Change in Due from / to Affiliates	-25,314	-31,789	-8,114
Change in Other Assets	248,330	35,185	-287,842
Change in Accounts Payable, Accrued Expenses and Other Liabilities	578,724	254,976	273,617
Investments Purchased	-31,844,648	-11,080,524	-11,076,723
Cash Proceeds from Sale of Investments	33,214,410	16,160,897	10,830,722
Net Cash Provided (Used) by Operating Activities	2,577,753	6,201,751	-208,577
Investing Activities	'	'	'
Change in Restricted Cash and Cash Equivalents	29,852	2,954	-29,346
Purchase of Furniture, Computer Hardware and Leasehold Improvements	-14,396	-36,966	-18,214
Cash Paid for Acquisitions, Net of Cash Acquired	'	-186,859	'
Net Cash Provided (Used) by Investing Activities	15,456	-220,871	-47,560
Financing Activities	'	'	'
Distributions to Partners	-431,583	-197,024	-154,465
Distributions to Redeemable Noncontrolling Interests	-73,515	-28,890	-487
Contributions from Redeemable Noncontrolling Interests	176,503	180,984	271,676
Distributions to Noncontrolling Interests	-10,430,549	-9,490,586	-6,064,605
Contributions from Noncontrolling Interests	7,475,577	4,407,600	6,227,073
Net Delivery of Common Units - Equity Incentive Plan	-8,136	-12,316	'
Proceeds from Debt Obligations	1,374,343	622,842	142,404
Repayment of Debt Obligations	-594,970	-1,068,511	-51,356
Financing Costs Paid	-4,960	-7,776	-9,535
Net Cash Provided (Used) by Financing Activities	-2,517,290	-5,593,677	360,705
Net Increase/(Decrease) in Cash and Cash Equivalents	75,919	387,203	104,568
Cash and Cash Equivalents, Beginning of Period	1,230,464	843,261	738,693
Cash and Cash Equivalents, End of Period	1,306,383	1,230,464	843,261
Supplemental Disclosures of Cash Flow Information	'	'	'
Payments for Interest	74,835	154,414	44,451
Payments for Income Taxes	81,419	95,948	96,734
Supplemental Disclosures of Non-Cash Investing and Financing Activities	'	'	'
Non-Cash Contributions of Equity Based Compensation	307,514	400,207	470,221
Non-Cash Distributions to Noncontrolling Interests	'	38,369	'
Non-Cash Contributions from Noncontrolling Interests	'	473,214	'
Foreign Exchange Gains (Losses) on Debt Obligations	-5,435	-4,159	'
Tax Effects Resulting from Exchange of KKR Holdings L.P. Units and delivery of KKR & Co. L.P. Common Units	19,200	3,311	1,479
Net Assets Acquired	'	'	'
Restricted Cash	'	753	'
Investments	'	3,459	'
Other Assets	'	272,440	'
Due to Affiliates	'	1,219	'
Accounts Payable, Accrued Expenses and Other Liabilities	'	88,574	'
Contribution of Net Assets of Previously Unconsolidated Entities	'	'	'
Investments	294,767	'	57,222
Cash and Cash Equivalents Held at Consolidated Entities	'	'	11,504
Due from Affiliates	'	'	4,244
Other Assets	'	'	4,164
Accounts Payable, Accrued Expenses and Other Liabilities	'	'	$8,034

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2013
ORGANIZATION	'
ORGANIZATION	'
	1. ORGANIZATION
	KKR & Co. L.P. (NYSE:KKR), together with its consolidated subsidiaries ("KKR"), is a leading global investment firm that offers a broad range of investment management services to fund investors and provides capital markets services for the firm, its portfolio companies and other third parties. Led by Henry Kravis and George Roberts, KKR conducts business with offices around the world, which provides a global platform for sourcing transactions, raising capital and carrying out capital markets activities. KKR operates as a single professional services firm and carries out its investment activities under the KKR brand name.
	KKR & Co. L.P. was formed as a Delaware limited partnership on June 25, 2007 and its general partner is KKR Management LLC (the "Managing Partner"). KKR & Co. L.P. is the parent company of KKR Group Limited, which is the non-economic general partner of KKR Group Holdings L.P. ("Group Holdings"), and KKR & Co. L.P. is the sole limited partner of Group Holdings. Group Holdings holds a controlling economic interest in each of (i) KKR Management Holdings L.P. ("Management Holdings") through KKR Management Holdings Corp., a Delaware corporation which is a domestic corporation for U.S. federal income tax purposes, and (ii) KKR Fund Holdings L.P. ("Fund Holdings" and together with Management Holdings, the "KKR Group Partnerships") directly and through KKR Fund Holdings GP Limited, a Cayman Island limited company which is a disregarded entity for U.S. federal income tax purposes. Group Holdings also owns certain economic interests in Management Holdings through a wholly owned Delaware corporate subsidiary of KKR Management Holdings Corp. and certain economic interests in Fund Holdings through a Delaware partnership of which Group Holdings is the general partner with a 99% economic interest and KKR Management Holdings Corp. is a limited partner with a 1% economic interest. KKR & Co. L.P., through its indirect controlling economic interests in the KKR Group Partnerships, is the holding partnership for the KKR business.
	KKR & Co. L.P. both indirectly controls the KKR Group Partnerships and indirectly holds equity units in each KKR Group Partnership (collectively, "KKR Group Partnership Units") representing economic interests in KKR's business. The remaining KKR Group Partnership Units are held by KKR's current and former principals through KKR Holdings L.P. ("KKR Holdings"), which is not a subsidiary of KKR. As of December 31, 2013, KKR & Co. L.P. held 41.6% of the KKR Group Partnership Units and KKR's principals held 58.4% of the KKR Group Partnership Units through KKR Holdings. The percentage ownership in the KKR Group Partnerships will continue to change as KKR Holdings and/or KKR's current and former principals exchange units in the KKR Group Partnerships for KKR & Co. L.P. common units.
	The following table presents the effect of changes in the ownership interest in the KKR Group Partnerships on KKR & Co. L.P.'s equity:
		For the Years Ended December 31,
		2013		2012		2011
	Net income (loss) attributable to KKR & Co. L.P.	$	691,226	$	560,836	$	1,921
	Transfers from noncontrolling interests:
	Exchange of KKR Group Partnership units held by KKR Holdings L.P.(a)		341,410		263,199		141,863
	Change from net income (loss) attributable to KKR & Co. L.P. and transfers from noncontrolling interests held by KKR Holdings	$	1,032,636	$	824,035	$	143,784
	(a)
	Increase in KKR & Co. L.P. partners' capital for exchange of 28,184,258, 23,660,959 and 14,023,094 for the years ended December 31, 2013, 2012 and 2011, respectively, KKR Group Partnership units held by KKR Holdings L.P., inclusive of deferred taxes.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	The consolidated financial statements (referred to hereafter as the "financial statements") include the accounts of KKR's management and capital markets companies, the general partners of certain unconsolidated funds, general partners of consolidated funds and their respective consolidated funds and certain other entities.
	KKR consolidates the financial results of the KKR Group Partnerships and their consolidated subsidiaries. KKR Holdings' ownership interest in the KKR Group Partnerships is reflected as noncontrolling interests in the accompanying financial statements.
	References in the accompanying financial statements to KKR's "principals" are to KKR's senior current and former employees and non-employee operating consultants who hold interests in KKR's business through KKR Holdings, including those principals who also hold interests in the Managing Partner entitling those principals to vote for the election of the Managing Partners' directors (the "Senior Principals").
	Use of Estimates
	The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of fees, expenses and investment income (loss) during the reporting periods. Such estimates include but are not limited to the valuation of investments and financial instruments. Actual results could differ from those estimates, and such differences could be material to the financial statements.
	Consolidation
	General
	KKR consolidates (i) those entities in which it holds a majority voting interest or has majority ownership and control over significant operating, financial and investing decisions of the entity, including the KKR funds and vehicles in which KKR, as general partner, is presumed to have control, or (ii) entities determined to be variable interest entities ("VIEs") for which KKR is considered the primary beneficiary.
	With respect to KKR's consolidated funds and vehicles, KKR generally has operational discretion and control, and fund investors have no substantive rights to impact ongoing governance and operating activities of the fund, including the ability to remove the general partner, also known as kick-out rights. As a result, a fund should be consolidated unless KKR has a nominal level of equity at risk. To the extent that KKR commits a nominal amount of equity to a given fund and has no obligation to fund any future losses, the equity at risk to KKR is not considered substantive and the fund is typically considered a VIE as described below. In these cases, the fund investors are generally deemed to be the primary beneficiaries, and KKR does not consolidate the fund. In cases when KKR's equity at risk is deemed to be substantive, the fund is generally not considered to be a VIE and KKR generally consolidates the fund.
	KKR's funds are consolidated by KKR notwithstanding the fact that KKR has only a minority economic interest in those funds. KKR's financial statements reflect the assets, liabilities, fees, expenses, investment income (loss) and cash flows of the consolidated KKR funds and vehicles on a gross basis, and the majority of the economic interests in those funds, which are held by fund investors, are attributed to noncontrolling interests in the accompanying financial statements. All of the management fees and certain other amounts earned by KKR from those funds are eliminated in consolidation. However, because the eliminated amounts are earned from, and funded by, noncontrolling interests, KKR's attributable share of the net income (loss) from those funds is increased by the amounts eliminated. Accordingly, the elimination in consolidation of such amounts has no effect on net income (loss) attributable to KKR or KKR partners' capital.
	KKR's funds are, for GAAP purposes, investment companies and therefore are not required to consolidate their investments, including investments in portfolio companies, even if majority-owned and controlled. Rather, the consolidated funds and vehicles reflect their investments at fair value as described below in "Fair Value Measurements". All intercompany transactions and balances have been eliminated.
	Variable Interest Entities
	KKR consolidates all VIEs in which it is considered the primary beneficiary. An enterprise is determined to be the primary beneficiary if it has a controlling financial interest under GAAP. A controlling financial interest is defined as (a) the power to direct the activities of a variable interest entity that most significantly impact the entity's business and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the variable interest entity. The consolidation rules which were revised effective January 1, 2010, require an analysis to determine (a) whether an entity in which KKR has a variable interest is a VIE and (b) whether KKR's involvement, through the holding of equity interests directly or indirectly in the entity or contractually through other variable interests unrelated to the holding of equity interests, would give it a controlling financial interest under GAAP. Performance of that analysis requires the exercise of judgment. Where KKR has an interest in an entity that has qualified for the deferral of the consolidation rules, the analysis is based on consolidation rules prior to January 1, 2010. These rules require an analysis to determine (a) whether an entity in which KKR has a variable interest is a VIE and (b) whether KKR's involvement, through the holding of equity interests directly or indirectly in the entity or contractually through other variable interests would be expected to absorb a majority of the variability of the entity. Under both guidelines, KKR determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion at each reporting date. In evaluating whether KKR is the primary beneficiary, KKR evaluates its economic interests in the entity held either directly by KKR or indirectly through related parties. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that KKR is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by KKR, affiliates of KKR or third parties) or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. At each reporting date, KKR assesses whether it is the primary beneficiary and will consolidate or not consolidate accordingly. KKR's accounting conclusion under the existing consolidation rules determined that effective January 1, 2011, KKR became the primary beneficiary of certain entities and consolidated such entities that were unconsolidated prior to that date.
	As of December 31, 2013 and 2012, the maximum exposure to loss, before allocations to the carry pool, if any, for those VIEs in which KKR is determined not to be the primary beneficiary but in which it has a variable interest is as follows:
		December 31, 2013			December 31, 2012
	Investments	$	209,525		$	188,408
	Due from Affiliates, net		5,105			2,266
	Maximum Exposure to Loss	$	214,630		$	190,674
	For those unconsolidated VIEs in which KKR is the sponsor, KKR may have an obligation as general partner to provide commitments to such funds. For the years ended December 31, 2013, 2012 and 2011, KKR did not provide any support other than its obligated amount.
	KKR's investment strategies differ by investment fund; however, the fundamental risks have similar characteristics, including loss of invested capital and loss of management fees and carried interests. Accordingly, disaggregation of KKR's involvement by type of VIE would not provide more useful information.
	Business Combinations
	Acquisitions are accounted for using the acquisition method of accounting. The purchase price of an acquisition is allocated to the assets acquired and liabilities assumed using the estimated fair values at the acquisition date. Transaction costs are expensed as incurred.
	Intangible Assets
	Intangible assets consist primarily of contractual rights to earn future fee income, including management and incentive fees, and are recorded in Other Assets in the accompanying consolidated statements of financial condition. Identifiable finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives and amortization expense is included within General, Administrative and Other in the accompanying consolidated statements of operations. Intangible assets are reviewed for impairment when circumstances indicate an impairment may exist. KKR does not have any indefinite-lived intangible assets.
	Goodwill
	Goodwill represents the excess of acquisition cost over the fair value of net tangible and intangible assets acquired in connection with an acquisition. Goodwill is assessed for impairment annually or more frequently if circumstances indicate impairment may have occurred. Goodwill is recorded in Other Assets in the accompanying consolidated statements of financial condition.
	Redeemable Noncontrolling Interests
	Redeemable Noncontrolling Interests represent noncontrolling interests of certain investment vehicles and funds that are subject to periodic redemption by fund investors following the expiration of a specified period of time (typically between one and three years), or may be withdrawn subject to a redemption fee during the period when capital may not be otherwise withdrawn. Fund investors interests subject to redemption as described above are presented as Redeemable Noncontrolling Interests in the accompanying consolidated statements of financial condition and presented as Net Income (Loss) attributable to Redeemable Noncontrolling Interests in the accompanying consolidated statements of operations.
	When redeemable amounts become legally payable to fund investors, they are classified as a liability and included in Accounts Payable, Accrued Expenses and Other Liabilities in the accompanying consolidated statements of financial condition. For all consolidated investment vehicles and funds in which redemption rights have not been granted, noncontrolling interests are presented within Equity in the accompanying consolidated statements of financial condition as Noncontrolling Interests.
	Noncontrolling Interests
	Noncontrolling interests represent (i) noncontrolling interests in consolidated entities and (ii) noncontrolling interests held by KKR Holdings.
	Noncontrolling Interests in Consolidated Entities
	Noncontrolling interests in consolidated entities represent the non-redeemable ownership interests in KKR that are held primarily by:
	(i)
	third party fund investors in KKR's funds;
	(ii)
	a former principal and such person's designees representing an aggregate of 1% of the carried interest received by the general partners of KKR's funds and 1% of KKR's other profits (losses) until a future date;
	(iii)
	certain of KKR's former principals and their designees representing a portion of the carried interest received by the general partners of KKR's private equity funds that was allocated to them with respect to private equity investments made during such former principals' previous tenure with KKR;
	(iv)
	certain of KKR's current and former principals representing all of the capital invested by or on behalf of the general partners of KKR's private equity funds prior to October 1, 2009 and any returns thereon; and
	(v)
	third parties in KKR's capital markets business.
	Noncontrolling Interests held by KKR Holdings
	Noncontrolling interests held by KKR Holdings include economic interests held by KKR's principals in the KKR Group Partnerships. KKR's principals receive financial benefits from KKR's business in the form of distributions received from KKR Holdings and through their direct and indirect participation in the value of KKR Group Partnership Units held by KKR Holdings. These financial benefits are not paid by KKR and are borne by KKR Holdings.
	The following table presents the calculation of noncontrolling interests held by KKR Holdings:
		For the Years Ended December 31,
		2013			2012			2011
	Balance at the beginning of the period	$	4,981,864		$	4,342,157		$	4,346,388
	Net income (loss) attributable to noncontrolling interests held by KKR Holdings(a)		1,056,126			1,116,740			185,352
	Other comprehensive income (loss), net of tax(b)		(3,114	)		(3,908	)		(8,488	)
	Impact of the exchange of KKR Holdings units to KKR & Co. L.P. common units(c)		(333,028	)		(259,888	)		(140,384	)
	Equity based compensation		192,805			337,330			453,604
	Capital contributions		31,553			31,477			38,979
	Capital distributions		(809,445	)		(582,044	)		(533,294	)
	Balance at the end of the period	$	5,116,761		$	4,981,864		$	4,342,157
	(a)
	Refer to the table below for calculation of Net income (loss) attributable to noncontrolling interests held by KKR Holdings.
	(b)
	Calculated on a pro rata basis based on the weighted average KKR Group Partnership Units held by KKR Holdings during the reporting period.
(c)
Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. L.P. common units pursuant to the exchange agreement during the reporting period. The exchange agreement provides for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. L.P. common units.
Net income (loss) attributable to KKR & Co. L.P. after allocation to noncontrolling interests held by KKR Holdings, with the exception of certain tax assets and liabilities that are directly allocable to KKR Management Holdings Corp., is attributed based on the percentage of the weighted average KKR Group Partnership Units held by KKR and KKR Holdings, each of which hold equity of the KKR Group Partnerships. However, primarily because of the (i) contribution of certain expenses borne entirely by KKR Holdings, (ii) the periodic exchange of KKR Holdings units for KKR & Co. L.P. common units pursuant to the exchange agreement and (iii) the contribution of certain expenses borne entirely by KKR associated with the KKR & Co. L.P. 2010 Equity Plan ("Equity Incentive Plan"), equity allocations shown in the consolidated statement of changes in equity differ from their respective pro-rata ownership interests in KKR's net assets.
The following table presents Net income (loss) attributable to noncontrolling interests held by KKR Holdings:
	For the Years Ended December 31,
	2013			2012			2011
Net income (loss)	$	7,854,228		$	8,028,244		$	876,486
Less: Net income (loss) attributable to Redeemable Noncontrolling Interests		62,255			34,963			4,318
Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities		6,044,621			6,315,705			684,895
Plus: Income taxes attributable to KKR Management Holdings Corp.		15,387			28,599			75,465
Net income (loss) attributable to KKR & Co. L.P. and KKR Holdings	$	1,762,739		$	1,706,175		$	262,738
Net income (loss) attributable to noncontrolling interests held by KKR Holdings	$	1,056,126		$	1,116,740		$	185,352
Investments
Investments consist primarily of private equity, real assets, credit, equity method and other investments. Investments are carried at their estimated fair values, with unrealized gains or losses resulting from changes in fair value reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Investments denominated in currencies other than the U.S. dollar are valued based on the spot rate of the respective currency at the end of the reporting period with changes related to exchange rate movements reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Security and loan transactions are recorded on a trade date basis. Further disclosure on investments is presented in Note 4, "Investments."
The following describes the types of securities held within each investment class.
Private Equity—Consists primarily of equity investments in operating businesses.
Real Assets—Consists primarily of investments in (i) oil and natural gas properties ("energy"), (ii) infrastructure assets, and (iii) residential and commercial real estate assets and businesses ("real estate").
Credit—Consists primarily of investments in below investment grade corporate debt securities (primarily high yield bonds and syndicated bank loans), distressed and opportunistic debt and interests in collateralized loan obligations.
Equity Method—Consists primarily of investments in which KKR has significant influence, including investments in unconsolidated investment funds.
Other—Consists primarily of investments in common stock, preferred stock, warrants and options of companies that are not private equity, real assets, credit or equity method investments.
Fair Value Measurements
Investments and other financial instruments are measured and carried at fair value. The majority of investments and other financial instruments are held by the consolidated funds and vehicles. KKR's funds are, for GAAP purposes, investment companies and reflect their investments and other financial instruments at fair value. KKR has retained the specialized accounting for the consolidated funds and vehicles in consolidation. Accordingly, the unrealized gains and losses resulting from changes in fair value of the investments held by KKR's funds are reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations.
For investments and other financial instruments that are not held in a consolidated fund or vehicle, KKR has elected the fair value option since these investments and other financial instruments are similar to those in the consolidated funds and vehicles. Such election is irrevocable and is applied on an investment by investment basis at initial recognition. Unrealized gains and losses resulting from changes in fair value are reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. The methodology for measuring the fair value of such investments and other financial instruments is consistent with the methodologies applied to investments and other financial instruments that are held in consolidated funds and vehicles.
The carrying amounts of Other Assets, Accounts Payable, Accrued Expenses and Other Liabilities recognized on the statements of financial condition (excluding Fixed Assets, Goodwill, Intangible Assets, contingent consideration and certain debt obligations) approximate fair value due to their short term maturities. Further information on Fixed Assets is presented in Note 7, "Other Assets and Accounts Payable, Accrued Expenses and Other Liabilities". Further information on Goodwill and Intangible Assets is presented in Note 14 "Goodwill and Intangible Assets." Further information on contingent consideration is presented in Note 13 "Acquisitions." KKR's debt obligations, except for KKR's 2020 and 2043 Senior Notes, bear interest at floating rates and therefore fair value approximates carrying value. Further information on KKR's 2020 and 2043 Senior Notes are presented in Note 8, "Debt Obligations." The fair value for KKR's 2020 and 2043 Senior Notes were derived using Level II inputs similar to those utilized in valuing credit investments.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation techniques are applied. These valuation techniques involve varying levels of management estimation and judgment, the degree of which is dependent on a variety of factors. See Note 5, "Fair Value Measurements" for further information on KKR's valuation techniques that involve unobservable inputs. Assets and liabilities recorded at fair value in the statements of financial condition are categorized based upon the level of judgment associated with the inputs used to measure their value. Hierarchical levels, as defined under GAAP, are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets and liabilities. The hierarchical levels defined under GAAP are as follows:
Level I
Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. The type of investments and other financial instruments included in this category are publicly-listed equities and debt and securities sold short.
Level II
Inputs are other than quoted prices that are observable for the asset or liability, either directly or indirectly. Level II inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the asset or liability. The type of investments and other financial instruments included in this category are credit investments, convertible debt securities indexed to publicly-listed securities, and certain over-the-counter derivatives.
Level III
Inputs are unobservable for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The types of assets and liabilities generally included in this category are private portfolio companies, real assets investments and credit investments for which a sufficiently liquid trading market does not exist.
In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. KKR's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset.
A significant decrease in the volume and level of activity for the asset or liability is an indication that transactions or quoted prices may not be representative of fair value because in such market conditions there may be increased instances of transactions that are not orderly. In those circumstances, further analysis of transactions or quoted prices is needed, and a significant adjustment to the transactions or quoted prices may be necessary to estimate fair value.
The availability of observable inputs can vary depending on the financial asset or liability and is affected by a wide variety of factors, including, for example, the type of instrument, whether the instrument has recently been issued, whether the instrument is traded on an active exchange or in the secondary market, and current market conditions. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by KKR in determining fair value is greatest for instruments categorized in Level III. The variability and availability of the observable inputs affected by the factors described above may cause transfers between Levels I, II, and III, which KKR recognizes at the beginning of the reporting period.
Investments and other financial instruments that have readily observable market prices (such as those traded on a securities exchange) are stated at the last quoted sales price as of the reporting date. KKR does not adjust the quoted price for these investments, even in situations where KKR holds a large position and a sale could reasonably affect the quoted price.
Management's determination of fair value is based upon the best information available for a given circumstance and may incorporate assumptions that are management's best estimates after consideration of a variety of internal and external factors.
Level II Valuation Methodologies
Financial assets and liabilities categorized as Level II consist primarily of securities indexed to publicly-listed securities and credit and other investments. Credit investments generally have bid and ask prices that can be observed in the marketplace. Bid prices reflect the highest price that KKR and others are willing to pay for an asset. Ask prices represent the lowest price that KKR and others are willing to accept for an asset. For financial assets and liabilities whose inputs are based on bid-ask prices obtained from third party pricing services, fair value may not always be a predetermined point in the bid-ask range. KKR's policy is generally to allow for mid-market pricing and adjusting to the point within the bid-ask range that meets KKR's best estimate of fair value. For securities indexed to publicly listed securities, such as convertible debt, the securities are typically valued using standard convertible security pricing models. The key inputs into these models that require some amount of judgment are the credit spreads utilized and the volatility assumed. To the extent the company being valued has other outstanding debt securities that are publicly-traded, the implied credit spread on the company's other outstanding debt securities would be utilized in the valuation. To the extent the company being valued does not have other outstanding debt securities that are publicly-traded, the credit spread will be estimated based on the implied credit spreads observed in comparable publicly-traded debt securities. In certain cases, an additional spread will be added to reflect an illiquidity discount due to the fact that the security being valued is not publicly-traded. The volatility assumption is based upon the historically observed volatility of the underlying equity security into which the convertible debt security is convertible and/or the volatility implied by the prices of options on the underlying equity security.
Level III Valuation Methodologies
Financial assets and liabilities categorized as Level III consist primarily of the following:
Private Equity Investments:    KKR generally employs two valuation methodologies when determining the fair value of a private equity investment. The first methodology is typically a market comparables analysis that considers key financial inputs and recent public and private transactions and other available measures. The second methodology utilized is typically a discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in this methodology include the weighted average cost of capital for the investment and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. Other inputs are also used in both methodologies.
Upon completion of the valuations conducted using these methodologies, a weighting is ascribed to each method, and an illiquidity discount is typically applied where appropriate. The ultimate fair value recorded for a particular investment will generally be within a range suggested by the two methodologies.
When determining the weighting ascribed to each valuation methodology, KKR considers, among other factors, the availability of direct market comparables, the applicability of a discounted cash flow analysis and the expected hold period and manner of realization for the investment. These factors can result in different weightings among investments in the portfolio and in certain instances may result in up to a 100% weighting to a single methodology. Across the Level III private equity investment portfolio, approximately 84.7% of the fair value is derived from investments that are valued based exactly 50% on market comparables and 50% on a discounted cash flow analysis. Less than 5% of the fair value of the Level III private equity investment portfolio is derived from investments that are valued either based 100% on market comparables or 100% on a discounted cash flow analysis.
When determining the illiquidity discount to be applied, KKR seeks to take a uniform approach across its portfolio and generally applies a minimum 5% discount to all private equity investments. KKR then evaluates such private equity investments to determine if factors exist that could make it more challenging to monetize the investment and, therefore, justify applying a higher illiquidity discount. These factors generally include (i) whether KKR is unable to sell the portfolio company or conduct an initial public offering of the portfolio company due to the consent rights of a third party or similar factors, (ii) whether the portfolio company is undergoing significant restructuring activity or similar factors and (iii) characteristics about the portfolio company regarding its size and/or whether the portfolio company is experiencing, or expected to experience, a significant decline in earnings. These factors generally make it less likely that a portfolio company would be sold or publicly offered in the near term at a price indicated by using just a market multiples and/or discounted cash flow analysis, and these factors tend to reduce the number of opportunities to sell an investment and/or increase the time horizon over which an investment may be monetized. Depending on the applicability of these factors, KKR determines the amount of any incremental illiquidity discount to be applied above the 5% minimum, and during the time KKR holds the investment, the illiquidity discount may be increased or decreased, from time to time, based on changes to these factors. The amount of illiquidity discount applied at any time requires considerable judgment about what a market participant would consider and is based on the facts and circumstances of each individual investment. Accordingly, the illiquidity discount ultimately considered by a market participant upon the realization of any investment may be higher or lower than that estimated by KKR in its valuations.
Real Assets Investments:    For energy and infrastructure investments, KKR generally utilizes a discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in this methodology include the weighted average cost of capital for the investment and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. For real estate investments, KKR generally utilizes a combination of direct income capitalization and discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in these methodologies include an unlevered discount rate and terminal capitalization rate. The valuations of real assets investments also use other inputs. Certain investments in real estate and energy generally do not include a minimum illiquidity discount.
Credit Investments:    Credit investments are valued using values obtained from dealers or market makers, and where these values are not available, credit investments are valued by KKR based on ranges of valuations determined by an independent valuation firm. Valuation models are based on discounted cash flow analyses, for which the key inputs are determined based on market comparables, which incorporate similar instruments from similar issuers.
Other Investments:    KKR generally employs the same valuation methodologies as described above for private equity investments when valuing these other investments.
Key unobservable inputs that have a significant impact on KKR's Level III investment valuations as described above are included in Note 5 "Fair Value Measurements." KKR utilizes several unobservable pricing inputs and assumptions in determining the fair value of its Level III investments. These unobservable pricing inputs and assumptions may differ by investment and in the application of KKR's valuation methodologies. KKR's reported fair value estimates could vary materially if KKR had chosen to incorporate different unobservable pricing inputs and other assumptions or, for applicable investments, if KKR only used either the discounted cash flow methodology or the market comparables methodology instead of assigning a weighting to both methodologies.
Level III Valuation Process
The valuation process involved for Level III measurements for private equity, real assets, credit, and other investments is completed on a quarterly basis and is designed to subject the valuation of Level III investments to an appropriate level of consistency, oversight, and review. KKR has a Private Markets valuation committee for private equity and real assets investments and a valuation committee for credit and other investments. The Private Markets valuation committee may be assisted by subcommittees for example in the valuation of real estate investments. Each of the Private Markets valuation committee and the credit valuation committee is assisted by a valuation team, which, except as noted below, is comprised only of employees who are not investment professionals responsible for preparing preliminary valuations or for oversight of any of the investments being valued. The valuation teams for energy, infrastructure and real estate investments contain investment professionals who participate in the preparation of preliminary valuations and oversight for those investments. The valuation committees and teams are responsible for coordinating and consistently implementing KKR's quarterly valuation policies, guidelines and processes. For Private Markets investments classified as Level III, investment professionals prepare preliminary valuations based on their evaluation of financial and operating data, company specific developments, market valuations of comparable companies and other factors. These preliminary valuations are reviewed with the investment professionals by the applicable valuation team and are also reviewed by an independent valuation firm engaged by KKR to perform certain procedures in order to assess the reasonableness of KKR's valuations for all Level III investments in Private Markets, except for certain investments other than KKR private equity investments. For most investments classified as Level III in Public markets, an independent valuation firm is generally engaged by KKR to provide third party valuations, or ranges of valuations from which KKR's investment professionals select a preliminary valuation, or a third party firm is generally engaged by KKR to perform certain procedures in order to assess the reasonableness of KKR's valuations. All preliminary valuations in Private Markets and Public Markets are then reviewed by the applicable valuation committee, and after reflecting any input by their respective valuation committees, the preliminary valuations are presented to the management committee. When these valuations are approved by this committee after reflecting any input from it, the valuations of Level III investments, as well as the valuations of Level I and Level II investments, are presented to the audit committee of KKR's board of directors and are then reported on to the board of directors.
Derivatives
Derivative contracts include forward, swap and option contracts related to foreign currencies and credit standing of reference entities to manage foreign exchange risk and credit risk arising from certain assets and liabilities. All derivatives are recognized in Other Assets or Accounts Payable, Accrued Expenses and Other Liabilities and are presented gross in the consolidated statements of financial condition and measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. KKR's derivative financial instruments contain credit risk to the extent that its counterparties may be unable to meet the terms of the agreements. KKR attempts to minimize this risk by limiting its counterparties to major financial institutions with strong credit ratings.
Securities Sold Short
Whether part of a hedging transaction or a transaction in its own right, securities sold short represent obligations of KKR to deliver the specified security at the contracted price at a future point in time, and thereby create a liability to repurchase the security in the market at the prevailing prices. The liability for such securities sold short, which is recorded in Accounts Payable, Accrued Expenses and Other Liabilities in the statement of financial condition, is marked to market based on the current fair value of the underlying security at the reporting date with changes in fair value recorded as unrealized gains or losses in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. These transactions may involve market risk in excess of the amount currently reflected in the accompanying consolidated statements of financial condition.
Cash and Cash Equivalents
KKR considers all highly liquid short-term investments with original maturities of 90 days or less when purchased to be cash equivalents.
Cash and Cash Equivalents Held at Consolidated Entities
Cash and cash equivalents held at consolidated entities represents cash that, although not legally restricted, is not available to fund general liquidity needs of KKR as the use of such funds is generally limited to the investment activities of KKR's funds.
Restricted Cash and Cash Equivalents
Restricted cash and cash equivalents primarily represent amounts that are held by third parties under certain of KKR's financing and derivative transactions.
Due from and Due to Affiliates
For purposes of classifying amounts, KKR considers its principals and their related entities, unconsolidated funds and the portfolio companies of its funds to be affiliates. Receivables from and payables to affiliates are recorded at their current settlement amount.
Fixed Assets, Depreciation and Amortization
Fixed assets consist primarily of leasehold improvements, furniture and computer hardware. Such amounts are recorded at cost less accumulated depreciation and amortization and are included in Other Assets within the accompanying consolidated statements of financial condition. Depreciation and amortization are calculated using the straight-line method over the assets' estimated economic useful lives, which for leasehold improvements are the lesser of the lease terms or the life of the asset, and three to seven years for other fixed assets.
Comprehensive Income
Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from contributions from and distributions to owners. In the accompanying consolidated financial statements, comprehensive income represents Net Income (Loss), as presented in the consolidated statements of operations and net foreign currency translation adjustments.
Fees
Fees consist primarily of (i) transaction fees earned in connection with successful investment transactions and from capital markets activities, (ii) management and incentive fees from providing investment management services to unconsolidated funds, a specialty finance company, structured finance and other vehicles, and separately managed accounts, (iii) monitoring fees from providing services to portfolio companies, and (iv) consulting and other fees earned by consolidated entities from providing advisory and other services.
For the years ended December 31, 2013, 2012 and 2011, fees consisted of the following:
	For the Years Ended
	December 31,
	2013			2012			2011
Transaction Fees	$	287,387		$	237,089		$	343,249
Management Fees		177,961			98,144			80,201
Monitoring Fees		161,796			146,443			209,807
Consulting and Other Fees		70,035			46,215			56,120
Incentive Fees		65,367			40,551			34,243
Total Fees	$	762,546		$	568,442		$	723,620
Substantially all fees presented in the table above are earned from affiliates.
Transaction Fees
Transaction fees are earned by KKR primarily in connection with successful investment transactions and capital markets activities. Transaction fees are recognized upon closing of the transaction. Fees are typically paid on or around the closing of a transaction.
In connection with pursuing successful portfolio company investments, KKR receives reimbursement for certain transaction-related expenses. Transaction-related expenses, which are reimbursed by third parties, are typically deferred until the transaction is consummated and are recorded in Other Assets on the consolidated statements of financial condition on the date incurred. The costs of successfully completed transactions are borne by the KKR Funds and included as a component of the investment's cost basis. Subsequent to closing, investments are recorded at fair value each reporting period as described in the section above titled "Investments". Upon reimbursement from a third party, the cash receipt is recorded and the deferred amounts are relieved. No fees or expenses are recorded for these reimbursements.
Management Fees
Management fees are earned by KKR for management services provided to private equity funds, a specialty finance company, structured finance vehicles and other investment vehicles which are recognized in the period during which the related services are performed in accordance with the contractual terms of the related agreement. Management fees earned from private equity funds and certain investment vehicles are based upon a percentage of capital committed during the investment period, and thereafter based on remaining invested capital. For certain other investment vehicles, structured finance vehicles, separately managed accounts and a specialty finance vehicle, management fees are recognized in the period during which the related services are performed and are based upon the net asset value, gross assets or as otherwise defined in the respective agreements.
Management fees received from KKR's consolidated funds and vehicles are eliminated in consolidation. However, because these amounts are funded by, and earned from, noncontrolling interests, KKR's allocated share of the net income from KKR's consolidated funds and vehicles is increased by the amount of fees that are eliminated. Accordingly, the elimination of these fees does not have an effect on the net income (loss) attributable to KKR or KKR partners' capital.
Private Equity Funds
For KKR's consolidated and unconsolidated private equity funds, gross management fees generally range from 1% to 2% of committed capital during the fund's investment period and is generally 0.75% of invested capital after the expiration of the fund's investment period with subsequent reductions over time. Typically, an investment period is defined as a period of up to six years. The actual length of the investment period may be shorter based on the timing and deployment of committed capital.
Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from limited partners in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund's limited partners is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. The refunds to the limited partners are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover all or a portion of the amount that represents 20% of the earned cash management fees, these fees would not be returned to the funds' limited partners, in accordance with the respective fund agreements.
KKR Financial Holdings LLC ("KFN")
KKR's management agreement with KFN entitles KKR to a base management fee computed and payable monthly in arrears, based on an annual rate of 1.75% of adjusted equity, which is an amount defined in the management agreement.
Structured Finance Vehicles
KKR's management agreements for its structured finance vehicles provide for senior collateral management fees and subordinate collateral management fees. Senior collateral management fees are determined based on an annual rate ranging from 0.15% to 0.20% of collateral and subordinate collateral management fees are determined based on an annual rate ranging from 0.30% to 0.35% of collateral. If amounts distributable on any payment date are insufficient to pay the collateral management fees according to the priority of payments, any shortfall is deferred and payable on subsequent payment dates. KKR has the right to waive all or any portion of any collateral management fee. As of December 31, 2013, KKR has permanently waived $189.0 million of collateral management fees. KKR generally waives the collateral management fees for the majority of its structured finance vehicles; however, KKR may cease waiving collateral management fees at its discretion. For the purpose of calculating the collateral management fees, collateral, the payment dates, and the priority of payments are terms defined in the management agreements.
Other Investment Vehicles
Certain other investment vehicles that invest capital in credit and hedge fund strategies provide for management fees determined quarterly based on an annual rate generally ranging from 0.5% to 1.5%. Such rate may be based on the investment vehicles average net asset value, capital commitments, or invested capital.
Monitoring Fees
Monitoring fees are earned by KKR for services provided to portfolio companies and are recognized as services are rendered. These fees are generally paid based on a fixed periodic schedule by the portfolio companies either in advance or in arrears and are separately negotiated for each portfolio company.
In connection with the monitoring of portfolio companies and certain unconsolidated funds, KKR receives reimbursement for certain expenses incurred on behalf of these entities. Costs incurred in monitoring these entities are classified as general, administrative and other expenses and reimbursements of such costs are classified as monitoring fees. In addition, certain monitoring fee provisions may provide for a termination payment following an initial public offering or change of control. These termination payments are recognized in the period when the related transaction closes.
Consulting and Other Fees
Consulting and other fees are earned by certain consolidated entities from providing advisory and other services to portfolio companies and other companies and are recognized as the services are rendered. These fees are separately negotiated with each company for which services are provided.
Incentive Fees
KFN
KKR's management agreement with KFN entitles KKR to quarterly incentive fees. KKR records the KFN performance-based incentive fee, if any, when the performance-based incentive fee becomes fixed and determinable, which is quarterly. The quarterly incentive fee is an amount equal to the product of (i) 25% of the dollar amount by which: (a) KFN's net income, before incentive compensation, per weighted average share of KFN's common shares for such quarter, exceeds (b) an amount equal to (A) the weighted average of the price per share of the common stock of KFN in its August 2004 private placement and the prices per share of the common stock of KFN in its initial public offering and any subsequent offerings by KFN multiplied by (B) the greater of (1) 2.00% and (2) 0.50% plus one-fourth of the ten year treasury rate for such quarter, multiplied by (ii) the weighted average number of KFN's common shares outstanding in such quarter. The incentive fee is paid quarterly in arrears and is not subject to any hurdle or clawback provisions.
Hedge Fund Structures
Incentive fees earned on the performance of certain hedge fund structures are recognized based on fund performance, subject to the achievement of minimum return levels, and/or high water marks, in accordance with the respective terms set out in each fund's governing agreements. Incentive fee rates generally range from 5% to 20%. KKR does not record performance-based incentive fees until the end of each fund's measurement period (which is generally one year) when the performance-based incentive fees become fixed and determinable.
Investment Income
Investment income consists primarily of the net impact of: (i) realized and unrealized gains and losses on investments which are recorded in Net Gains (Losses) from Investment Activities, (ii) dividends, (iii) interest income, (iv) interest expense and (v) foreign exchange gains and losses relating to mark-to-market activity on foreign exchange forward contracts, foreign currency options and foreign denominated debt which are recorded in net gains (losses) from investment activities. Unrealized gains or losses result from changes in fair value of investments during the period and are included in Net Gains (Losses) from Investment Activities. Upon disposition of an investment, previously recognized unrealized gains or losses are reversed and a realized gain or loss is recognized.
Dividend Income
Dividend income is recognized by KKR on the ex-dividend date, or in the absence of a formal declaration, on the date it is received. For the years ended December 31, 2013, 2012 and 2011, the majority of dividends were earned by KKR's consolidated funds and vehicles.
Interest Income
Interest income is recognized as earned. For the years ended December 31, 2013, 2012 and 2011, the majority of interest income was earned by KKR's consolidated funds and vehicles.
Interest Expense
Interest expense is incurred from debt issued by KKR, credit facilities entered into by KKR and debt outstanding at the KKR funds and vehicles entered into with the objective of enhancing returns or managing cash flow, which are not direct obligations of the general partners of the KKR funds or management companies. In addition to these interest costs, KKR capitalizes debt financing costs incurred in connection with new debt arrangements. Such costs are amortized into interest expense using either the interest method or the straight-line method, as appropriate.
Compensation and Benefits
Compensation and Benefits expense includes cash compensation consisting of salaries, bonuses, and benefits, as well as equity based compensation consisting of charges associated with the vesting of equity-based awards and carry pool allocations.
All KKR principals and other employees of certain consolidated entities receive a base salary that is paid by KKR or its consolidated entities, and is accounted for as Compensation and Benefits expense in the consolidated statements of operations. These employees are also eligible to receive discretionary cash bonuses based on performance, overall profitability and other matters. While cash bonuses paid to most employees are borne by KKR and certain consolidated entities and result in customary compensation and benefits expense, cash bonuses that are paid to certain of KKR's principals are currently borne by KKR Holdings. These bonuses are funded with distributions that KKR Holdings receives on KKR Group Partnership Units held by KKR Holdings but are not then passed on to holders of unvested units of KKR Holdings. Because KKR principals are not entitled to receive distributions on units that are unvested, any amounts allocated to principals in excess of a principal's vested equity interests are reflected as employee compensation and benefits expense. These compensation charges are recorded based on the unvested portion of quarterly earnings distributions received by KKR Holdings at the time of the distribution.
Further disclosure regarding equity based compensation is presented in Note 10 "Equity Based Compensation."
Profit Sharing Plan
KKR provides certain profit sharing programs for KKR employees and other eligible personnel. In particular, KKR provides a 401(k) plan (the "Plan") for eligible employees in the United States. For certain professionals who are participants in the Plan, KKR may, in its discretion, contribute an amount after the end of the Plan year. For the years ended December 31, 2013, 2012 and 2011, KKR incurred expenses of $7.7 million, $6.5 million and $6.0 million, respectively, in connection with the Plan.
Carry Pool Allocation
With respect to KKR's active and future funds and co-investment vehicles that provide for carried interest, KKR allocates to its principals and other professionals a portion of the carried interest earned in relation to these funds as part of its carry pool. KKR currently allocates approximately 40% of the carry it earns from these funds and vehicles to its carry pool. These amounts are accounted for as compensatory profit-sharing arrangements in Accounts Payable, Accrued Expenses and Other Liabilities within the accompanying consolidated statements of financial condition in conjunction with the related carried interest income and recorded as compensation expense for KKR employees and general, administrative and other expense for certain non-employee consultants and service providers in the consolidated statements of operations. See Note 12 "Segment Reporting" for the amount of carry pool allocation expense recognized for the years ended December 31, 2013, 2012 and 2011.
Carried Interest
Carried interest entitles the general partner of a fund to a greater allocable share of the fund's earnings from investments relative to the capital contributed by the general partner and correspondingly reduces noncontrolling interests' attributable share of those earnings. Amounts earned pursuant to carried interest are included as investment income (loss) in Net Gains (Losses) from Investment Activities in the consolidated statements of operations and are earned by the general partner of those funds to the extent that cumulative investment returns are positive and where applicable, preferred return thresholds have been met. If these investment returns decrease or turn negative in subsequent periods, recognized carried interest will be reversed and reflected as investment losses in Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Carried interest is recognized based on the contractual formula set forth in the agreements governing the fund as if the fund was terminated at the reporting date with the then estimated fair values of the investments realized. Due to the extended durations of KKR's private equity funds and other investment vehicles, KKR believes that this approach results in income recognition that best reflects the periodic performance of KKR in the management of those funds. For funds that are consolidated, all investment income (loss), including the portion of a funds' investment income (loss) that is allocable to KKR's carried interest, is included in investment income (loss) on the consolidated statements of operations. The carried interest that KKR retains in net income (loss) attributable to KKR & Co. L.P. is reflected as an adjustment to net income (loss) attributable to noncontrolling interests. See Note 12 "Segment Reporting" for the amount of carried interest income earned or reversed for years ended December 31, 2013, 2012 and 2011.
The agreements governing KKR's private equity funds generally include a "clawback" or, in certain instances, a "net loss sharing" provision that, if triggered, may give rise to a contingent obligation that may require the general partner to return or contribute amounts to the fund for distribution to fund investors at the end of the life of the fund. See Note 15 "Commitments and Contingencies".
General, Administrative and Other
General, administrative and other expense consists primarily of professional fees paid to legal advisors, accountants, advisors and consultants, insurance costs, travel and related expenses, communications and information services, depreciation and amortization charges and costs incurred in connection with pursuing potential investments that do not result in completed transactions.
Foreign Currency
Consolidated entities which have a functional currency that differs from KKR's reporting currency are primarily KKR's management and capital markets companies located outside the United States. Foreign currency denominated assets and liabilities are translated using the exchange rates prevailing at the end of each reporting period. Results of foreign operations are translated at the weighted average exchange rate for each reporting period. Translation adjustments are included as a component of accumulated other comprehensive income (loss) until realized. Foreign currency income or expenses resulting from transactions outside of the functional currency of a consolidated entity are recorded as incurred in general, administrative and other expense in the consolidated statements of operations.
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit
Basic Net Income (Loss) Attributable to KKR & Co. L.P. per common unit is calculated by dividing Net Income (Loss) attributable to KKR & Co. L.P. by the weighted average number of common units outstanding during the period.
Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per common unit is calculated by dividing Net Income (Loss) attributable to KKR & Co. L.P. by the weighted average number of common units outstanding during the period increased to include the number of additional common units that would have been outstanding if dilutive potential common units had been issued.
Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per common unit excludes KKR Holdings units which are exchangeable on a one-for-one basis into common units of KKR & Co. L.P. The KKR Holdings units are excluded from the diluted calculation since the exchange of these units would proportionally increase KKR & Co. L.P.'s interests in the KKR Group Partnerships and would have an anti-dilutive effect on earnings per common unit as a result of certain tax benefits KKR & Co. L.P. is assumed to receive upon the exchange.
Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per common unit include unvested equity awards that have been granted under the KKR & Co. L.P. 2010 Equity Incentive Plan ("Equity Incentive Plan") since these equity awards dilute KKR and KKR Holdings pro rata in accordance with their respective percentage interests in the KKR Group Partnerships.
Further disclosure regarding Net Income (Loss) Attributable to KKR & Co. L.P. per common unit is presented in Note 6 "Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit."
Income Taxes
The consolidated entities of KKR are generally treated as partnerships or disregarded entities for U.S. and non-U.S. tax purposes. However, certain consolidated subsidiaries are treated as corporations for U.S. and non-U.S tax purposes and are therefore subject to U.S. federal, state and/or local income taxes at the entity-level. In addition, certain consolidated entities which are treated as partnerships for U.S. tax purposes are subject to the New York City Unincorporated Business Tax or other local taxes.
Income taxes are accounted for using the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized in income in the period when the change is enacted. Deferred tax assets, which are recorded in Other Assets within the statement of financial condition, are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
For a particular tax-paying component of an entity and within a particular tax jurisdiction, deferred tax assets and liabilities are offset and presented as a single amount within Other Assets or Accounts Payable, Accrued and Other Liabilities, as applicable, in the accompanying statements of financial position.
KKR analyzes its tax filing positions in all of the U.S. federal, state, local and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, KKR determines that uncertainties in tax positions exist, a reserve is established. KKR recognizes accrued interest and penalties related to uncertain tax positions within the provision for income taxes in the consolidated statements of operations.
KKR records uncertain tax positions on the basis of a two-step process: (a) determination is made whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (b) those tax positions that meet the more-likely-than-not threshold are recognized as the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Tax Receivable Agreement
KKR and certain intermediate holding companies that are taxable corporations for U.S. federal, state and local income tax purposes, may be required to acquire KKR Group Partnership Units from time to time pursuant to the exchange agreement with KKR Holdings. KKR Management Holdings L.P. made an election under Section 754 of the Internal Revenue Code that will remain in effect for each taxable year in which an exchange of KKR Group Partnership Units for common units occurs, which may result in an increase in KKR's intermediate holding companies' share of the tax basis of the assets of the KKR Group Partnerships at the time of an exchange of KKR Group Partnership Units. Certain of these exchanges are expected to result in an increase in KKR's intermediate holding companies' share of the tax basis of the tangible and intangible assets of the KKR Group Partnerships, primarily attributable to a portion of the goodwill inherent in KKR's business that would not otherwise have been available. This increase in tax basis may increase depreciation and amortization deductions for tax purposes and therefore reduce the amount of income tax KKR's intermediate holding companies would otherwise be required to pay in the future. This increase in tax basis may also decrease gain (or increase loss) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets.
KKR has entered into a tax receivable agreement with KKR Holdings, which requires KKR's intermediate holding companies to pay to KKR Holdings, or to executives who have exchanged KKR Holdings units for KKR common units (as transferees of KKR Group Partnership Units), 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax that the intermediate holding companies realize as a result of the increase in tax basis described above, as well as 85% of the amount of any such savings the intermediate holding companies realize as a result of increases in tax basis that arise due to future payments under the agreement. A termination of the agreement or a change of control could give rise to similar payments based on tax savings that KKR would be deemed to realize in connection with such events. In the event that other of KKR's current or future subsidiaries become taxable as corporations and acquire KKR Group Partnership Units in the future, or if KKR becomes taxable as a corporation for U.S. federal income tax purposes, KKR expects that each will become subject to a tax receivable agreement with substantially similar terms.
These payment obligations are obligations of KKR's intermediate holding companies and not the KKR Group Partnerships and are recorded within Due to Affiliates in the accompanying consolidated statements of financial condition. As such, cash payments received by common unitholders may vary from those received by current and former holders of KKR Group Partnership Units held by KKR Holdings and KKR's current and former principals to the extent payments are made to those parties under the tax receivable agreement. Payments made under the tax receivable agreement are required to be made within 90 days of the filing of the tax returns of KKR's intermediate holding companies which may result in a timing difference between the tax savings received by KKR's intermediate holdings companies and the cash payments made to the selling holders of KKR Group Partnership Units.
For the years ended December 31, 2013, 2012 and 2011, cash payments that have been made under the tax receivable agreement were $4.7 million, $2.7 million and $0.2 million, respectively. KKR expects its intermediate holding companies to benefit from the remaining 15% of cash savings, if any, in income tax that they realize. As of December 31, 2013, $1.3 million of cumulative income tax savings have been realized.
Recently Issued Accounting Pronouncements
Disclosures About Offsetting Assets and Liabilities
In December 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2011-11, "Disclosures about Offsetting Assets and Liabilities" ("ASU 2011-11"), which requires entities to disclose information about offsetting and related arrangements of financial instruments and derivative instruments. In February 2013, the FASB issued ASU 2013-01, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements established by ASU 2011-11. ASU 2011-11 was effective for KKR's fiscal year beginning January 1, 2013 and was applied retrospectively. The adoption of this guidance did not have a material impact on KKR's financial statements.
Goodwill Impairment Testing
In July 2012, the FASB issued ASU 2012-02, "Intangibles—Goodwill and Other," which provides the option to perform a qualitative, rather than quantitative, assessment to determine whether it is more likely than not an indefinite-lived intangible asset is impaired. If the asset is considered impaired, an entity is required to perform the quantitative assessment under the existing guidance. The guidance was effective for KKR's fiscal year beginning January 1, 2013. The adoption of this guidance, which is intended to simplify the impairment testing, did not have a material impact on KKR's financial statements.
Disclosures About Reclassification Adjustments Out of Accumulated Other Comprehensive Income
In February 2013, the FASB issued ASU 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income ("AOCI")," which requires entities to disclose additional information about reclassification adjustments, including: (i) changes in AOCI balances by component and (ii) significant items reclassified out of AOCI. ASU 2013-02 was effective for KKR's fiscal year beginning January 1, 2013. The adoption of this guidance, which is related to disclosure only, did not have a material impact on KKR's financial statements. With respect to KKR, AOCI is comprised of only one component, foreign currency translation adjustments and for the years ended December 31, 2013, 2012 and 2011, there were no items reclassified out of AOCI. See KKR's consolidated statements of comprehensive income and changes in equity.
Foreign Currency Matters
In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters," which indicates that the entire amount of a cumulative translation adjustment ("CTA") related to an entity's investment in a foreign entity should be released when there has been a (i) sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity, (ii) loss of a controlling financial interest in an investment in a foreign entity, or (iii) step acquisition for a foreign entity. This guidance is effective for KKR's fiscal year beginning January 1, 2014, and is to be applied prospectively. The adoption of this guidance is not expected to have a material impact on KKR's financial statements.
Amendments to Investment Company Scope, Measurement, and Disclosures
In June 2013, the FASB issued ASU 2013-08, Financial Services—Investment Companies Topic 946 ("ASU 2013-08") which amends the scope, measurement, and disclosure requirements for investment companies. ASU 2013-08 (i) amends the criteria for an entity to qualify as an investment company, (ii) requires an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting, and (iii) introduces new disclosures. This guidance is effective for KKR's fiscal year beginning January 1, 2014. Earlier application is prohibited. The adoption of this guidance is not expected to have a material impact on KKR's financial results and consolidated financial statements.

NET_GAINS_LOSSES_FROM_INVESTME

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES	12 Months Ended
	Dec. 31, 2013
NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES	'
NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES	'
	3. NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES
	Net Gains (Losses) from Investment Activities in the consolidated statements of operations consist primarily of the realized and unrealized gains and losses on investments (including foreign exchange gains and losses attributable to foreign denominated investments and related activities) and other financial instruments, including those for which the fair value option has been elected. Unrealized gains or losses result from changes in the fair value of these investments and other financial instruments during a period. Upon disposition of an investment or financial instrument, previously recognized unrealized gains or losses are reversed and an offsetting realized gain or loss is recognized in the current period.
	The following table summarizes total Net Gains (Losses) from Investment Activities for the years ended December 31, 2013, 2012 and 2011, respectively:
		For the Years Ended December 31,
		2013						2012						2011
		Net Realized			Net Unrealized			Net Realized			Net Unrealized			Net Realized			Net Unrealized
		Gains (Losses)			Gains (Losses)			Gains (Losses)			Gains (Losses)			Gains (Losses)			Gains (Losses)
	Private Equity(a)	$	3,664,219		$	4,052,553		$	4,947,661		$	2,988,494		$	2,666,311		$	(2,046,989	)
	Credit and Other(a)		307,269			128,794			125,122			203,917			(3,742	)		(121,202	)
	Real Assets(a)		15,868			(64,667	)		54,724			(309,620	)		584,862			(247,736	)
	Equity Method(a)		44,148			53,958			115,709			37,149			21,270			29,107
	Foreign Exchange Forward Contracts(b)		17,760			(232,913	)		30,993			(205,752	)		16,866			55,238
	Foreign Currency Options(b)		—			(2,881	)		(28,305	)		29,825			—			(12,352	)
	Securities Sold Short(b)		(105,513	)		(19,205	)		(31,557	)		(4,978	)		25,609			7,942
	Other Derivatives		(24,223	)		(2,030	)		(11,746	)		(9,322	)		4,373			490
	Contingent Carried Interest Repayment Guarantee(c)		—			—			—			(55,937	)		—			—
	Foreign Exchange Gains (Losses)(d)		(10,096	)		3,041			63			(4,767	)		1,811			—
	Total Net Gains (Losses) from Investment Activities	$	3,909,432		$	3,916,650		$	5,202,664		$	2,669,009		$	3,317,360		$	(2,335,502	)
	(a)
	See Note 4 "Investments."
	(b)
	See Note 7 "Other Assets and Accounts Payable, Accrued Expenses and Other Liabilities."
	(c)
	See Note 15 "Commitments and Contingencies."
	(d)
	Foreign Exchange Gains (Losses) includes foreign exchange gains (losses) on debt obligations, cash and cash equivalents, and cash and cash equivalents held at consolidated entities.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2013
INVESTMENTS	'
INVESTMENTS	'
	4. INVESTMENTS
	Investments consist of the following:
		Fair Value				Cost
		December 31, 2013		December 31, 2012		December 31, 2013		December 31, 2012
	Private Equity	$	37,439,659	$	34,114,623	$	27,613,803	$	28,336,315
	Credit		5,023,253		3,396,067		4,841,913		3,266,846
	Real Assets		2,789,639		1,775,683		4,945,958		3,861,792
	Equity Method		546,422		200,831		310,709		20,847
	Other		1,584,724		1,210,644		1,485,417		1,161,569
	Total Investments	$	47,383,697	$	40,697,848	$	39,197,800	$	36,647,369
	As of December 31, 2013, investments which represented greater than 5% of total investments consisted of Alliance Boots GmbH of $4.6 billion. As of December 31, 2012, investments which represented greater than 5% of total investments consisted of Alliance Boots GmbH of $3.5 billion and HCA, Inc. of $2.1 billion. In addition, as of December 31, 2013 and 2012, investments totaling $3.3 billion and $2.1 billion, respectively, were pledged as direct collateral against various financing arrangements. See Note 8 "Debt Obligations."
	The following table represents private equity investments by industry as of December 31, 2013 and 2012, respectively:
		Fair Value
		December 31, 2013		December 31, 2012
	Health Care	$	8,480,933	$	7,708,080
	Technology		5,192,488		4,566,236
	Retail		4,582,846		4,970,092
	Manufacturing		4,459,220		3,240,474
	Consumer Products		3,795,851		3,557,963
	Other		10,928,321		10,071,778
		$	37,439,659	$	34,114,623
	In the table above, other investments represents private equity investments in the following industries: Education, Financial Services, Forestry, Media, Services, Telecommunications, Transportation and Recycling. None of these industries represents more than 10% of total private equity investments as of December 31, 2013.
	The majority of the securities underlying private equity investments represent equity securities. As of December 31, 2013 and 2012, the fair value of investments that were other than equity securities amounted to $548.5 million and $364.5 million, respectively.
	Equity Method
	Equity method investments include (i) certain investments in private equity funds, real assets funds, funds of hedge funds, and alternative credit funds, which are not consolidated, and (ii) certain investments in operating companies in which KKR is deemed to exert significant influence. Under the equity method of accounting, KKR's share of earnings (losses) from equity method investments is reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Because the underlying investments of unconsolidated investment funds are reported at fair value, the carrying value of these equity method investments representing KKR's interests in unconsolidated funds approximates fair value. The carrying value of equity method investments in certain operating companies, which KKR is determined to exert significant influence, is determined based on the amounts invested by KKR, adjusted for the equity in earnings or losses of the investee allocated based on KKR's respective ownership percentage, less distributions. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these investments.
	KKR evaluates each of its equity method investments to determine if any were significant as defined by the guidance from the SEC. For the years ended December 31, 2013 and 2012, KKR's equity method investments did not meet the significance criteria either on an individual or group basis. As such, presentation of separate financial statements for any of KKR's equity method investments or summarized financial information on an individual or group basis is not required.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	5. FAIR VALUE MEASUREMENTS
	The following tables summarize the valuation of KKR's investments and other financial instruments measured and reported at fair value by the fair value hierarchy levels described in Note 2 "Summary of Significant Accounting Policies" as of December 31, 2013 and 2012 including those investments and other financial instruments for which the fair value option has been elected. Equity Method Investments have been excluded from the tables below.
	Assets, at fair value:
		December 31, 2013
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable Inputs
		Identical Assets			(Level II)			(Level III)
		(Level I)
	Private Equity	$	7,244,643		$	548,545		$	29,646,471		$	37,439,659
	Credit		—			3,078,789			1,944,464			5,023,253
	Real Assets		52,931			—			2,736,708			2,789,639
	Other		943,976			292,262			348,486			1,584,724
	Total		8,241,550			3,919,596			34,676,129			46,837,275
	Foreign Exchange Forward Contracts		—			85,750			—			85,750
	Foreign Currency Options		—			3,340			—			3,340
	Other Derivatives		—			5,080			—			5,080
	Total Assets	$	8,241,550		$	4,013,766		$	34,676,129		$	46,931,445
		December 31, 2012
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable Inputs
		Identical Assets			(Level II)			(Level III)
		(Level I)
	Private Equity	$	8,015,680		$	364,543		$	25,734,400		$	34,114,623
	Credit		—			1,809,021			1,587,046			3,396,067
	Real Assets		—			—			1,775,683			1,775,683
	Other		648,108			323,306			239,230			1,210,644
	Total		8,663,788			2,496,870			29,336,359			40,497,017
	Foreign Exchange Forward Contracts		—			137,786			—			137,786
	Foreign Currency Options		—			4,992			—			4,992
	Other Derivatives		—			882			—			882
	Total Assets	$	8,663,788		$	2,640,530		$	29,336,359		$	40,640,677
	In 2012, $200.8 million of equity method investments which represented investments in unconsolidated investment vehicles were classified in Private Equity and Other investments in the table above. Because the underlying investments of unconsolidated investment vehicles are reported at fair value, the carrying value of the equity method investments approximated fair value. In 2013, with the addition of equity method investments which do not approximate fair value, total equity method investments of $546.4 million and $200.8 million as of December 31, 2013 and 2012, respectively, have been excluded from the tables above.
	Liabilities, at fair value:
		December 31, 2013
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable
		Identical Assets			(Level II)			Inputs
		(Level I)						(Level III)
	Securities Sold Short	$	624,653		$	51,491		$	—		$	676,144
	Foreign Currency Options		—			4,591			—			4,591
	Foreign Exchange Forward Contracts		—			410,191			—			410,191
	Unfunded Revolver Commitments		—			1,902			—			1,902
	Other Derivatives		—			14,177			—			14,177
	Total Liabilities	$	624,653		$	482,352		$	—		$	1,107,005
		December 31, 2012
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable
		Identical Assets			(Level II)			Inputs
		(Level I)						(Level III)
	Securities Sold Short	$	321,977		$	28,376		$	—		$	350,353
	Foreign Currency Options		—			3,362			—			3,362
	Foreign Exchange Forward Contracts		—			229,314			—			229,314
	Unfunded Revolver Commitments		—			2,568			—			2,568
	Other Derivatives		—			3,751			—			3,751
	Total Liabilities	$	321,977		$	267,371		$	—		$	589,348
	The following tables summarize changes in private equity, credit, real assets and other investments measured and reported at fair value for which Level III inputs have been used to determine fair value for the years ended December 31, 2013 and 2012, respectively:
		For the Year Ended December 31, 2013
		Private			Credit			Real Assets			Other			Total Level III Investments
		Equity
	Balance, Beginning of Period	$	25,734,400		$	1,587,046		$	1,775,683		$	239,230		$	29,336,359
	Transfers In(1)		—			109,568			—			34,978			144,546
	Transfers Out(2)		(2,817,295	)		(272,819	)		—			(23,304	)		(3,113,418	)
	Purchases		4,016,510			1,189,531			1,083,682			144,884			6,434,607
Sales		(1,100,900	)		(791,278	)		(65,545	)		(69,866	)		(2,027,589	)
Settlements		—			90,095			—			—			90,095
Net Realized Gains (Losses)		683,636			34,320			14,930			(6,835	)		726,051
Net Unrealized Gains (Losses)		3,130,120			(1,999	)		(72,042	)		29,399			3,085,478
Balance, End of Period	$	29,646,471		$	1,944,464		$	2,736,708		$	348,486		$	34,676,129
Changes in Net Unrealized Gains (Losses) Included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign- denominated investments) related to Investments still held at Reporting Date	$	3,738,140		$	71,355		$	(36,676	)	$	23,915		$	3,796,734
	For the Year Ended December 31, 2012
	Private			Credit			Real Assets			Other			Total Level III Investments
	Equity
Balance, Beginning of Period	$	20,384,253		$	1,016,759		$	1,526,732		$	96,179		$	23,023,923
Transfers In(1)		—			37,157			—			1,061			38,218
Transfers Out(2)		(219,462	)		(68,099	)		—			(613	)		(288,174	)
Purchases		2,100,217			686,032			558,246			154,468			3,498,963
Sales		(2,671,329	)		(155,788	)		(54,419	)		(61,428	)		(2,942,964	)
Settlements		—			23,164			—			—			23,164
Net Realized Gains (Losses)		1,353,002			10,437			54,419			28,581			1,446,439
Net Unrealized Gains (Losses)		4,787,719			37,384			(309,295	)		20,982			4,536,790
Balance, End of Period	$	25,734,400		$	1,587,046		$	1,775,683		$	239,230		$	29,336,359
Changes in Net Unrealized Gains (Losses) Included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign- denominated investments) related to Investments still held at Reporting Date	$	5,895,269		$	43,421		$	(268,179	)	$	43,485		$	5,713,996
-1
The Transfers In noted in the tables above for credit and other investments are principally attributable to certain investments that experienced an insignificant level of market activity during the period and thus were valued in the absence of observable inputs.
-2
The Transfers Out noted in the tables above for private equity investments are attributable to portfolio companies that are now valued using their publicly traded market price. The Transfers Out noted above for credit and other investments are principally attributable to certain investments that experienced a higher level of market activity during the period and thus were valued using observable inputs.
Total realized and unrealized gains and losses recorded for Level III investments are reported in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. There were no transfers between Level I and Level II during the years ended December 31, 2013 and 2012, respectively.
The following table presents additional information about valuation methodologies and significant unobservable inputs used for investments that are measured at fair value and categorized within Level III as of December 31, 2013:
	Fair Value			Valuation		Unobservable Input(s)(1)		Weighted			Range		Impact to
	December 31,			Methodologies				Average(2)					Valuation
	2013												from an
													Increase in
													Input(3)
Private Equity Investments	$	29,646,471
Healthcare	$	6,555,714		Inputs to both market comparable		Illiquidity Discount			7	%	5% - 15%			Decrease
				and discounted cash flow		Weight Ascribed to Market Comparables			50	%	50% - 50%				-4
						Weight Ascribed to Discounted Cash Flow			50	%	50% - 50%				-5
				Market comparables		Enterprise Value/LTM EBITDA Multiple			11x		10x - 13x			Increase
						Enterprise Value/Forward EBITDA Multiple			11x		9x - 12x			Increase
				Discounted cash flow		Weighted Average Cost of Capital			9	%	8% - 13%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			11x		9x - 12x			Increase
Retail	$	4,539,841		Inputs to both market comparable		Illiquidity Discount			8	%	5% - 20%			Decrease
				and discounted cash flow		Weight Ascribed to Market Comparables			50	%	0% - 50%				-4
						Weight Ascribed to Discounted Cash Flow			50	%	50% - 100%				-5
				Market comparables		Enterprise Value/LTM EBITDA Multiple			11x		8x - 13x(6)			Increase
						Enterprise Value/Forward EBITDA Multiple			10x		8x - 11x(6)			Increase
				Discounted cash flow		Weighted Average Cost of Capital			11	%	8% - 23%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			8x		6x - 9x			Increase
Technology	$	4,047,332		Inputs to both market comparable		Illiquidity Discount			11	%	5% - 15%			Decrease
				and discounted cash flow		Weight Ascribed to Market Comparables			50	%	50% - 50%				-4
						Weight Ascribed to Discounted Cash Flow			50	%	50% - 50%				-5
				Market comparables		Enterprise Value/LTM EBITDA Multiple			12x		6x - 15x			Increase
						Enterprise Value/Forward EBITDA Multiple			12x		7x - 14x			Increase
				Discounted cash flow		Weighted Average Cost of Capital			11	%	8% - 14%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			9x		6x - 11x			Increase
Consumer Products	$	3,707,020		Inputs to both market comparable		Illiquidity Discount			11	%	10% - 15%			Decrease
				and discounted cash flow		Weight Ascribed to Market Comparables			59	%	50% - 67%				-4
						Weight Ascribed to Discounted Cash Flow			41	%	33% - 50%				-5
				Market comparables		Enterprise Value/LTM EBITDA Multiple			11x		8x - 17x			Increase
						Enterprise Value/Forward EBITDA Multiple			10x		8x - 14x			Increase
				Discounted cash flow		Weighted Average Cost of Capital			10	%	8% - 20%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			9x		6x - 11x			Increase
Financial Services	$	3,200,813		Inputs to both market comparable		Illiquidity Discount			10	%	5% - 15%			Decrease
				and discounted cash flow		Weight Ascribed to Market Comparables			52	%	50% - 100%				-4
						Weight Ascribed to Discounted Cash Flow			48	%	0% - 50%				-5
				Market comparables		Enterprise Value/LTM EBITDA Multiple			12x		11x - 13x			Increase
						Enterprise Value/Forward EBITDA Multiple			11x		10x - 11x			Increase
				Discounted cash flow		Weighted Average Cost of Capital			9	%	9% - 10%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			10x		10x - 11x			Increase
Other	$	7,595,751		Inputs to both market comparable		Illiquidity Discount			11	%	10% - 20%			Decrease
				and discounted cash flow		Weight Ascribed to Market Comparables			47	%	0% - 67%				-4
						Weight Ascribed to Discounted Cash Flow			53	%	33% - 100%				-5
				Market comparables		Enterprise Value/LTM EBITDA Multiple			12x		6x - 17x			Increase
						Enterprise Value/Forward EBITDA Multiple			10x		5x - 14x			Increase
						Control Premium			3	%	0% - 20%(7)			Increase
				Discounted cash flow		Weighted Average Cost of Capital			12	%	9% - 20%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			9x		5x - 12x			Increase
Real Assets	$	2,736,708
Energy/Infrastructure	$	2,037,673		Discounted cash flow		Weighted Average Cost of Capital			11	%	6% - 27%			Decrease
						Enterprise Value/LTM EBITDA Exit Multiple			7x		7x - 11x			Increase
Real Estate	$	699,035		Inputs to direct income capitalization		Weight Ascribed to Direct Income Capitalization			19	%	0% - 100%				-9
				and discounted cash flow		Weight Ascribed to Discounted Cash Flow			81	%	0% - 100%				-5
				Direct Income Capitalization		Current Capitalization Rate			7	%	6% - 9%			Decrease
				Discounted cash flow		Unlevered Discount Rate			11	%	9% - 24%			Decrease
Credit Investments	$	1,944,464	-8	Yield Analysis		Yield			11	%	6% - 25%			Decrease
						Net Leverage			5x		1x - 12x			Decrease
						EBITDA Multiple			9x		5x - 13x			Increase
In the table above, other investments, within private equity investments, represents the following industries: Education, Forestry, Media, Services, Telecommunications, Transportation, Manufacturing and Recycling. None of these industries represents more than 10% of total Level III private equity investments as of December 31, 2013.
-1
In determining certain of these inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies and company specific developments including exit strategies and realization opportunities. Management has determined that market participants would take these inputs into account when valuing the investments. LTM means Last Twelve Months and EBITDA means Earnings Before Interest Taxes Depreciation and Amortization.
-2
Inputs were weighted based on the fair value of the investments included in the range.
-3
Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.
-4
The directional change from an increase in the weight ascribed to the market comparables approach would increase the fair value of the Level III investments if the market comparables approach results in a higher valuation than the discounted cash flow approach. The opposite would be true if the market comparables approach results in a lower valuation than the discounted cash flow approach.
-5
The directional change from an increase in the weight ascribed to the discounted cash flow approach would increase the fair value of the Level III investments if the discounted cash flow approach results in a higher valuation than the market comparables approach. The opposite would be true if the discounted cash flow approach results in a lower valuation than the market comparables approach.
-6
Ranges shown exclude inputs relating to a single portfolio company that was determined to lack comparability with other investments in KKR's private equity portfolio. This portfolio company had a fair value representing less than 0.5% of the total fair value of Private Equity Investments and had an Enterprise Value/LTM EBITDA Multiple and Enterprise Value/Forward EBITDA Multiple of 24.7x and 18.2x, respectively. The exclusion of this investment does not impact the weighted average.
-7
Level III private equity investments whose valuations include a control premium represent less than 5% of total Level III private equity investments. The valuations for the remaining investments do not include a control premium.
-8
Amounts include $24.1 million of investments that were valued using dealer quotes or third party valuation firms.
-9
The directional change from an increase in the weight ascribed to the direct income capitalization approach would increase the fair value of the Level III investments if the direct income capitalization approach results in a higher valuation than the discounted cash flow approach. The opposite would be true if the direct income capitalization approach results in a lower valuation than the discounted cash flow approach.
In the table above, certain private equity investments may be valued at cost for a period of time after an acquisition as the best indicator of fair value. In addition, certain valuations of private equity investments may be entirely or partially derived by reference to observable valuation measures for a pending or consummated transaction.
The table above excludes Other Investments in the amount of $348.5 million comprised primarily of privately-held equity and equity-like securities (e.g. warrants) in companies that are neither private equity, real assets nor credit investments. These investments were valued using Level III valuation methodologies that are generally the same as those shown for private equity investments.
The various unobservable inputs used to determine the Level III valuations may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurements as noted in the table above.

NET_INCOME_LOSS_ATTRIBUTABLE_T

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT	12 Months Ended
	Dec. 31, 2013
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT	'
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT	'
	6. NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT
	For the years ended December 31, 2013, 2012 and 2011, basic and diluted Net Income (Loss) attributable to KKR & Co. L.P. per common unit were calculated as follows:
		For the Years Ended December 31,
		2013				2012				2011
		Basic		Diluted		Basic		Diluted		Basic		Diluted
	Net Income (Loss) Attributable to KKR & Co. L.P.	$	691,226	$	691,226	$	560,836	$	560,836	$	1,921	$	1,921
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit	$	2.51	$	2.3	$	2.35	$	2.21	$	0.01	$	0.01
	Weighted-Average Common Units Outstanding		274,910,628		300,254,090		238,503,257		254,093,160		220,235,469		222,519,174
	For the years ended December 31, 2013, 2012 and 2011, KKR Holdings units have been excluded from the calculation of diluted Net Income (Loss) attributable to KKR & Co. L.P. per common unit since the exchange of these units would proportionally increase KKR & Co. L.P.'s interests in the KKR Group Partnerships and would have an anti-dilutive effect on earnings per common unit as a result of certain tax benefits KKR & Co. L.P. is assumed to receive upon the exchange.
	Diluted Net Income (Loss) attributable to KKR & Co. L.P. per common unit includes unvested equity awards that have been granted under the Equity Incentive Plan since these equity awards dilute KKR and KKR Holdings pro rata in accordance with their respective ownership interests in the KKR Group Partnerships.

OTHER_ASSETS_AND_ACCOUNTS_PAYA

OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2013
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	'
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	'
	7. OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
	Other Assets consist of the following:
		December 31,		December 31,
		2013		2012
	Due from Broker(a)	$	720,245	$	189,202
	Interest, Dividend and Notes Receivable(b)		380,099		469,456
	Unsettled Investment Sales(c)		85,097		90,666
	Intangible Assets, net(d)		177,545		197,484
	Deferred Tax Assets, net		165,699		105,654
	Oil & Gas Assets, net		187,448		—
	Foreign Exchange Forward Contracts(e)		85,750		137,786
	Goodwill(f)		89,000		89,000
	Fixed Assets, net(g)		80,565		79,570
	Receivables		19,455		267,126
	Deferred Financing Costs		22,773		20,918
	Prepaid Taxes		26,901		706
	Deferred Transaction Costs		13,800		14,633
	Prepaid Expenses		9,846		11,373
	Refundable Security Deposits		6,924		7,428
	Foreign Currency Options(h)		3,340		4,992
	Other		20,143		15,061
		$	2,094,630	$	1,701,055
	(a)
	Represents amounts held at clearing brokers resulting from securities transactions.
	(b)
	Represents interest and dividend receivable and promissory notes due from third parties. The promissory notes bear interest at rates ranging from 1.5% - 3.0% per annum and mature between 2015 and 2016.
	(c)
	Represents amounts due from third parties for investments sold for which cash settlement has not occurred.
	(d)
	Net of accumulated amortization of $41,341 and $21,402 as of December 31, 2013 and 2012, respectively. Amortization expense totaled $19,939, $7,826 and $3,788 for the years ended December 31, 2013, 2012 and 2011, respectively.
	(e)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments.
	(f)
	See Note 14 "Goodwill and Intangible Assets."
	(g)
	Net of accumulated depreciation and amortization of $100,724 and $92,467 as of December 31, 2013 and 2012, respectively. Depreciation and amortization expense totaled $14,714, $12,573 and $10,073 for the years ended December 31, 2013, 2012 and 2011, respectively.
	(h)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. The instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments. The cost bases for these instruments at December 31, 2013 and 2012 was $2,332.
	Accounts Payable, Accrued Expenses and Other Liabilities consist of the following:
		December 31,		December 31,
		2013		2012
	Amounts Payable to Carry Pool(a)	$	1,062,643	$	776,750
	Securities Sold Short(b)		676,144		350,353
	Foreign Exchange Forward Contracts(c)		410,191		229,314
	Unsettled Investment Purchases(d)		260,164		172,583
	Accounts Payable and Accrued Expenses		165,092		97,389
	Accrued Compensation and Benefits		21,531		17,265
	Contingent Consideration Obligation(e)		122,800		71,300
	Due to Broker(f)		28,669		49,204
	Deferred Rent and Income		28,029		19,228
	Interest Payable		23,700		11,746
	Redemptions Payable		13,618		9,177
	Foreign Currency Options(g)		4,591		3,362
	Taxes Payable		5,742		9,250
	Other Liabilities		17,012		7,734
		$	2,839,926	$	1,824,655
	(a)
	Represents the amount of carried interest payable to KKR's principals, professionals and other individuals with respect to KKR's active funds and co-investment vehicles that provide for carried interest.
	(b)
	Represents the obligations of KKR to deliver a specified security at a future point in time. Such securities are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments. The cost bases for these instruments at December 31, 2013 and 2012 were $650,026 and $343,440, respectively.
	(c)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments.
	(d)
Represents amounts owed to third parties for investment purchases for which cash settlement has not occurred.
(e)
See Note 13 "Acquisitions."
(f)
Represents amounts owed for securities transactions initiated at clearing brokers.
(g)
Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. The instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments. The cost bases for these instruments at December 31, 2013 and 2012 was $0.

DEBT_OBLIGATIONS

DEBT OBLIGATIONS	12 Months Ended
	Dec. 31, 2013
DEBT OBLIGATIONS	'
DEBT OBLIGATIONS	'
	8. DEBT OBLIGATIONS
	KKR borrows and enters into credit agreements for its general operating and investment purposes and certain of its investment vehicles borrow to meet financing needs of their operating and investing activities.
	Debt obligations consist of the following:
		December 31, 2013							December 31, 2012
		Available		Carrying Value		Fair Value			Available		Carrying Value		Fair Value
	2020 Senior Notes		—		498,596		560,930	(a)		—		498,388		579,200	(a)
	2043 Senior Notes		—		494,454		468,200	(a)		—		—		—
	Revolving Credit Facilities		1,250,000		—		—			1,250,000		—		—
	Investment Financing Facilities		531,231		915,556		915,556	(b)		377,055		625,026		625,026	(b)
		$	1,781,231	$	1,908,606	$	1,944,686		$	1,627,055	$	1,123,414	$	1,204,226
	(a)
	Fair value is determined by third party broker quotes, and these notes are classified as Level II within the fair value hierarchy.
	(b)
	Carry amounts approximate fair value given the investment financing facilities' interest rates are variable.
	2020 Senior Notes
	On September 29, 2010, KKR Group Finance Co. LLC, a subsidiary of KKR Management Holdings Corp., issued $500 million aggregate principal amount of 6.375% Senior Notes (the "2020 Senior Notes"), which were issued at a price of 99.584%. The 2020 Senior Notes are unsecured and unsubordinated obligations of KKR Group Finance Co. LLC and will mature on September 29, 2020, unless earlier redeemed or repurchased. The 2020 Senior Notes are fully and unconditionally guaranteed, jointly and severally, by KKR & Co. L.P. and the KKR Group Partnerships. The guarantees are unsecured and unsubordinated obligations of the guarantors.
	The 2020 Senior Notes bear interest at a rate of 6.375% per annum, accruing from September 29, 2010. Interest is payable semi-annually in arrears on March 29 and September 29 of each year.
	The indenture, as supplemented by a first supplemental indenture, relating to the 2020 Senior Notes includes covenants, including limitations on KKR Group Finance Co. LLC and the guarantors' ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or lease assets. The indenture, as supplemented, also provides for events of default and further provides that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding 2020 Senior Notes may declare the 2020 Senior Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the 2020 Senior Notes and any accrued and unpaid interest on the 2020 Senior Notes automatically becomes due and payable. All or a portion of the 2020 Senior Notes may be redeemed at the issuer's option in whole or in part, at any time, and from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the 2020 Senior Notes. If a change of control repurchase event occurs, the 2020 Senior Notes are subject to repurchase by the issuer at a repurchase price in cash equal to 101% of the aggregate principal amount of the 2020 Senior Notes repurchased plus any accrued and unpaid interest on the 2020 Senior Notes repurchased to, but not including, the date of repurchase.
	2043 Senior Notes
	On February 1, 2013, KKR Group Finance Co. II LLC, a subsidiary of KKR Management Holdings Corp., issued $500 million aggregate principal amount of 5.50% Senior Notes (the "2043 Senior Notes"), which were issued at a price of 98.856%. The 2043 Senior Notes are unsecured and unsubordinated obligations of KKR Group Finance Co. II LLC and will mature on February 1, 2043, unless earlier redeemed or repurchased. The 2043 Senior Notes are fully and unconditionally guaranteed, jointly and severally, by KKR & Co. L.P. and the KKR Group Partnerships. The guarantees are unsecured and unsubordinated obligations of the guarantors.
	The 2043 Senior Notes bear interest at a rate of 5.50% per annum, accruing from February 1, 2013. Interest is payable semi-annually in arrears on February 1 and August 1 of each year.
	The indenture, as supplemented by a first supplemental indenture, relating to the 2043 Senior Notes includes covenants, including limitations on KKR Group Finance Co. II LLC and the guarantors' ability to, subject to exceptions, incur indebtedness secured by liens on voting stock or profit participating equity interests of their subsidiaries or merge, consolidate or sell, transfer or lease assets. The indenture, as supplemented, also provides for events of default and further provides that the trustee or the holders of not less than 25% in aggregate principal amount of the outstanding 2043 Senior Notes may declare the 2043 Senior Notes immediately due and payable upon the occurrence and during the continuance of any event of default after expiration of any applicable grace period. In the case of specified events of bankruptcy, insolvency, receivership or reorganization, the principal amount of the 2043 Senior Notes and any accrued and unpaid interest on the 2043 Senior Notes automatically becomes due and payable. All or a portion of the 2043 Senior Notes may be redeemed at the issuer's option in whole or in part, at any time, and from time to time, prior to their stated maturity, at the make-whole redemption price set forth in the 2043 Senior Notes. If a change of control repurchase event occurs, the 2043 Senior Notes are subject to repurchase by the issuer at a repurchase price in cash equal to 101% of the aggregate principal amount of the 2043 Senior Notes repurchased plus any accrued and unpaid interest on the 2043 Senior Notes repurchased to, but not including, the date of repurchase.
	Revolving Credit Facilities
	Corporate Credit Agreement
	On February 26, 2008, Kohlberg Kravis Roberts & Co. L.P. entered into a credit agreement with a major financial institution (the "Corporate Credit Agreement"). The Corporate Credit Agreement originally provided for revolving borrowings of up to $1.0 billion, with a $50.0 million sublimit for swing-line notes and a $25.0 million sublimit for letters of credit.
	On February 22, 2011, the parties amended the terms of the Corporate Credit Agreement such that effective March 1, 2011, availability for borrowings under the credit facility was reduced from $1.0 billion to $700.0 million and the maturity was extended to March 1, 2016. In addition, the KKR Group Partnerships became co-borrowers of the facility, and KKR & Co. L.P. and the issuer of the 2020 Senior Notes became guarantors of the amended and restated Corporate Credit Agreement, together with certain general partners of KKR's private equity funds.
	On June 3, 2011, the Corporate Credit Agreement was amended to admit a new lender, subject to the same terms and conditions, to provide a commitment of $50.0 million. This commitment has increased the availability for borrowings under the credit facility to $750.0 million.
	On June 22, 2012, KKR requested the issuance of a letter of credit in the amount of $14.5 million under the Corporate Credit Agreement in connection with a fee-generating transaction. The beneficiary of this letter of credit is an unaffiliated third party. The letter of credit was issued on July 2, 2012 and was initially set to expire on July 3, 2013. On August 20, 2012, the letter of credit in connection with this transaction was increased to $20.0 million and the expiration date was extended to August 1, 2013. On July 23, 2013, the expiration date was extended to August 1, 2014. A $5.0 million sublimit for letters of credit remains available under the Corporate Credit Agreement.
	As of December 31, 2013 and 2012, no borrowings were outstanding under the Corporate Credit Agreement, except for the letter of credit as described above. For the year ended December 31, 2013 and 2012, no amounts were drawn under the credit facility, except for the letter of credit as described above.
	KCM Credit Agreement
	On February 27, 2008, KKR Capital Markets entered into a revolving credit agreement with a major financial institution (the "KCM Credit Agreement") for use in KKR's capital markets business. The KCM Credit Agreement, as amended, provides for revolving borrowings of up to $500 million with a $500 million sublimit for letters of credit.
	On March 30, 2012, an agreement was made to extend the maturity of the KCM Credit Agreement from February 27, 2013 to March 30, 2017. In addition to extending the term, certain other terms of the KCM Credit Agreement were renegotiated including a reduction of the cost of funding on amounts drawn and a reduced commitment fee. Borrowings under this facility may only be used for KKR's capital markets business.
	As of December 31, 2013 and 2012, no borrowings were outstanding under the KCM Credit Agreement. For the year ended December 31, 2013 and 2012, no amounts were drawn under the credit facility.
	Investment Financing Facilities
	Certain of KKR's investment vehicles have entered into financing arrangements with major financial institutions, generally in connection with specific investments with the objective of enhancing returns or to provide liquidity to such vehicles. These financing arrangements are generally not direct obligations of the general partners of KKR's investment funds or its management companies. Such borrowings have varying maturities and bear interest at floating rates. Borrowings are generally secured by the investment purchased with the proceeds of the borrowing and/or the uncalled capital commitment of each respective fund. When an investment vehicle borrows, the proceeds are available only for use by that investment vehicle and are not available for the benefit of other investment vehicles or KKR. Collateral within each investment vehicle is also available only against borrowings by that investment vehicle and not against the borrowings of other investment vehicles or KKR. The weighted average interest rate of the investment financing facilities is 3.09% as of December 31, 2013 and 2012. In addition, the weighted average years to maturity are 2.3 years and 3.2 years as of December 31, 2013 and 2012, respectively.
	Scheduled principal payments for debt obligations at December 31, 2013 are as follows:
		2020 and 2043		Investment		Total
		Senior Notes		Financing
				Facilities
	2014	$	—	$	66,265	$	66,265
	2015		—		367,179		367,179
	2016		—		393,263		393,263
	2017		—		—		—
	Thereafter		1,000,000		88,849		1,088,849
		$	1,000,000	$	915,556	$	1,915,556

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'
	9. INCOME TAXES
	The provision (benefit) for income taxes consists of the following:
		Year Ended December 31,
		2013			2012			2011
	Current
	Federal Income Tax	$	35,234		$	45,918		$	79,713
	State and Local Income Tax		6,269			19,233			30,508
	Foreign Income Tax		22,740			14,348			11,581
	Subtotal		64,243			79,499			121,802
	Deferred
	Federal Income Tax		(21,277	)		(25,929	)		(23,760	)
	State and Local Income Tax		(4,319	)		(9,542	)		(6,501	)
	Foreign Income Tax		(721	)		(623	)		(2,296	)
	Subtotal		(26,317	)		(36,094	)		(32,557	)
	Total Income Taxes	$	37,926		$	43,405		$	89,245
	The following table reconciles the Effective Income Tax Rate to the U.S federal statutory tax rate:
		Year Ended December 31,
		2013			2012			2011
	Statutory U.S. Federal Income Tax Rate		35	%		35	%		35	%
	Income not attributable to KKR Management Holdings Corp.(a)		-35.84	%		-35.77	%		-35.11	%
	Foreign Income Taxes		0.28	%		0.17	%		0.96	%
	State and Local Income Taxes		0	%		0.08	%		1.88	%
	Compensation Charges Borne by Holdings		1.35	%		1.39	%		6.7	%
	Other		-0.31	%		-0.33	%		-0.19	%
	Effective Income Tax Rate		0.48	%		0.54	%		9.24	%
	(a)
	Represents primarily income attributable to (i) redeemable noncontrolling interests, (ii) noncontrolling interests and (iii) investment income of certain entities and net carried interest of certain general partners of KKR investment vehicles that are not owned by KKR Management Holdings L.P.
	Deferred income taxes reflect the net tax effects of temporary differences that may exist between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes using enacted tax rates in effect for the year in which the differences are expected to reverse. A summary of the tax effects of the temporary differences is as follows:
		As of December 31,
		2013			2012
	Deferred Tax Assets
	Fund Management Fees	$	62,021		$	54,660
	Employee Compensation		22,371			17,008
	KKR Holdings Unit Exchanges(a)		113,314			85,018
	Other		1,320			1,797
	Total Deferred Tax Assets	$	199,026		$	158,483
	Deferred Tax Liabilities
	Investment Basis Differences / Net Unrealized Gains	$	30,303		$	47,735
	Other		3,024			5,094
	Total Deferred Tax Liabilities	$	33,327		$	52,829
	(a)
	In connection with exchanges of KKR Holdings units into common units of KKR, KKR recorded a deferred tax asset associated with an increase in KKR Management Holdings Corp.'s share of the tax basis of the tangible and intangible assets of KKR Management Holdings L.P. This amount was offset by an adjustment to record amounts Due to KKR Holdings and executives under the tax receivable agreement, which is included within Due to Affiliates in the statements of financial condition. The net of these adjustments was recorded as an adjustment to equity at the time of the exchanges.
	Future realization of the above deferred tax assets is dependent on KKR generating sufficient taxable income within the period of time that the tax benefits are expected to reverse. KKR considers projections of taxable income in evaluating its ability to utilize those deferred tax assets. In projecting its taxable income, KKR begins with historical results and incorporates assumptions concerning the amount and timing of future pretax operating income. Those assumptions require significant judgment and are consistent with the plans and estimates that KKR uses to manage its business. At this time, KKR's projection of future taxable income indicates that it is more likely than not that the benefits from the deferred tax assets will be realized. Therefore, KKR has determined that no valuation allowance is needed at December 31, 2013. In addition, because KKR has not recorded an operating loss since its inception, KKR has not recorded a deferred tax asset for any federal or state net operating tax loss carry forwards.
	KKR files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, KKR is subject to examination by federal and certain state, local and foreign tax regulators. As of December 31, 2013, the federal, state and local tax returns of KKR and its predecessor entities for the years 2010 through 2012 are open under normal statute of limitations and are therefore subject to examination.
	At December 31, 2013, 2012 and 2011, KKR's unrecognized tax benefits, excluding related interest and penalties, were:
		Year Ended December 31,
		2013			2012			2011
	Unrecognized Tax Benefits, beginning of period	$	4,627		$	3,850		$	3,973
	Gross increases in tax positions in prior periods		—			31			175
	Gross decreases in tax positions in prior periods		(33	)		—			—
	Gross increases in tax positions in current period		2,741			985			555
	Lapse of statute of limitations		(1,307	)		(239	)		(853	)
	Unrecognized Tax Benefits, end of period	$	6,028		$	4,627		$	3,850
	If the above tax benefits were recognized it would reduce the annual effective income tax rate. KKR believes that there will not be a significant increase or decrease to the tax positions within 12 months of the reporting date.
	The unrecognized tax benefits are recorded in Accounts Payable, Accrued Expenses and Other Liabilities. KKR recognizes interest and penalties accrued related to unrecognized tax positions in income taxes. For the years ended December 31, 2013, 2012 and 2011, interest and penalties included in KKR's tax provision were immaterial.

EQUITY_BASED_COMPENSATION

EQUITY BASED COMPENSATION	12 Months Ended
	Dec. 31, 2013
EQUITY BASED COMPENSATION	'
EQUITY BASED COMPENSATION	'
	10. EQUITY BASED COMPENSATION
	The following table summarizes the expense associated with equity based compensation for years ended December 31, 2013, 2012 and 2011, respectively.
		Years Ended December 31,
		2013			2012		2011
	KKR Holdings Principal Awards	$	88,641		$	230,394	$	324,014
	KKR Holdings Restricted Equity Units		3,768			9,588		16,848
	Equity Incentive Plan Units		114,709			62,876		16,615
	Discretionary Compensation		100,396			97,349		112,744
	Total	$	307,514		$	400,207	$	470,221
	KKR Holdings Equity Awards—Principal Awards
	KKR principals and certain non-employee consultants and service providers received grants of KKR Holdings units ("Principal Awards") which are exchangeable for KKR Group Partnership Units. These units are generally subject to minimum retained ownership requirements and in certain cases, transfer restrictions, and allow for their exchange into common units of KKR & Co. L.P. on a one-for-one basis. As of December 31, 2013 and 2012, KKR Holdings owned approximately 58.4%, or 404,369,018 and 63.1% or 432,553,276, respectively, of the outstanding KKR Group Partnership Units.
	Except for any Principal Awards that vested on the date of grant, Principal Awards are subject to service based vesting, generally over a three to five year period from the date of grant. The transfer restriction period will generally last for a minimum of (i) one year with respect to one-half of the interests vesting on any vesting date and (ii) two years with respect to the other one-half of the interests vesting on such vesting date. While providing services to KKR, these individuals may also be subject to minimum retained ownership rules requiring them to continuously hold 25% of their vested interests. Upon separation from KKR, certain individuals will be subject to the terms of a non-compete agreement that may require the forfeiture of certain vested and unvested units should the terms of the non-compete agreement be violated. Holders of KKR Group Partnership Units held through KKR Holdings are not entitled to participate in distributions made on KKR Group Partnership Units until such units are vested.
	Because KKR Holdings is a partnership, all of the 404,369,018 KKR Holdings units have been legally allocated, but the allocation of 32,318,948 of these units has not been communicated to each respective principal. The units that have not been communicated are subject to performance based vesting conditions, which include profitability and other similar criteria. These criteria are not sufficiently specific to constitute performance conditions for accounting purposes, and the achievement, or lack thereof, will be determined based upon the exercise of judgment by the general partner of KKR Holdings. Each principal will ultimately receive between zero and 100% of the units initially allocated. The allocation of these units has not yet been communicated to the award recipients as this was management's decision on how to best incentivize its principals. It is anticipated that additional service-based vesting conditions will be imposed at the time the allocation is initially communicated to the respective principals. KKR applied the guidance of Accounting Standards Code ("ASC") 718 and concluded that these KKR Holdings units do not yet meet the criteria for recognition of compensation cost because neither the grant date nor the service inception date has occurred. In reaching a conclusion that the service inception date has not occurred, KKR considered (a) the fact that the vesting conditions are not sufficiently specific to constitute performance conditions for accounting purposes, (b) the significant judgment that can be exercised by the general partner of KKR Holdings in determining whether the vesting conditions are ultimately achieved, and (c) the absence of communication to the principals of any information related to the number of units they were initially allocated. The allocation of these units will be communicated to the award recipients when the performance-based vesting conditions have been met, and currently there is no plan as to when the communication will occur. The determination as to whether the award recipients have satisfied the performance-based vesting conditions is made by the general partner of KKR Holdings, and is based on multiple factors primarily related to the award recipients' individual performance.
	The fair value of Principal Awards is based on the closing price of KKR & Co. L.P. common units on the date of grant. KKR determined this to be the best evidence of fair value as a KKR & Co. L.P. common unit is traded in an active market and has an observable market price. Additionally, a KKR Holdings unit is an instrument with terms and conditions similar to those of a KKR & Co. L.P. common unit. Specifically, units in both KKR Holdings and KKR & Co. L.P. represent ownership interests in KKR Group Partnership Units and, subject to any vesting, minimum retained ownership requirements and transfer restrictions referenced above, each KKR Holdings unit is exchangeable into a KKR Group Partnership Unit and then into a KKR & Co. L.P. common unit on a one-for-one basis.
	Principal Awards give rise to equity-based payment charges in the consolidated statements of operations based on the grant-date fair value of the award. For units vesting on the grant date, expense is recognized on the date of grant based on the fair value of a KKR & Co. L.P. common unit on the grant date multiplied by the number of vested units. Equity-based payment expense on unvested units is calculated based on the fair value of a KKR & Co. L.P. common unit at the time of grant, discounted for the lack of participation rights in the expected distributions on unvested units which currently ranges from 7% to 52%, multiplied by the number of unvested units on the grant date. The grant date fair value of a KKR & Co. L.P. common unit reflects a discount for lack of distribution participation rights because equity awards are not entitled to receive distributions while unvested. The discount range was based on management's estimates of future distributions that unvested equity awards will not be entitled to receive between the grant date and the vesting date. Therefore, units that vest in the earlier periods have a lower discount as compared to units that vest in later periods, which have a higher discount. The discount range will generally increase when the level of expected annual distributions increases relative to the grant date fair value of a KKR & Co. L.P. common unit. A decrease in expected annual distributions relative to the grant date fair value of a KKR & Co. L.P. common unit would generally have the opposite effect.
	Principal Awards granted to certain non-employee consultants and service providers give rise to general, administrative and other charges in the consolidated statements of operations. For units vesting on the grant date, expense is recognized on the date of grant based on the fair value of a KKR & Co. L.P. common unit on the grant date multiplied by the number of vested units. General, administrative and other expense recognized on unvested units is calculated based on the fair value of a KKR & Co. L.P. common unit on each reporting date and subsequently adjusted for the actual fair value of the award at each vesting date. Accordingly, the measured value of these units will not be finalized until each vesting date.
	The calculation of equity-based payment expense and general administrative and other expense on unvested Principal Awards assumes forfeiture rates of up to 6% annually based upon expected turnover by class of principal, consultant, or service provider.
	As of December 31, 2013, there was approximately $50.3 million of estimated unrecognized equity-based payment and general administrative and other expense related to unvested Principal Awards. That cost is expected to be recognized as follows:
	Year	Unrecognized
		Expense
		(in millions)
	2014	$	41.6
	2015		6.9
	2016		1.7
	2017		0.1
	Total	$	50.3
	A summary of the status of unvested Principal Awards from January 1, 2013 through December 31, 2013 is presented below:
		Units			Weighted
					Average Grant
					Date Fair Value
	Balance, January 1, 2013		64,569,667		$	7.42
	Granted		1,761,382			12.07
	Vested		(28,952,216	)		8.1
	Forfeited		(4,577,702	)		7
	Balance, December 31, 2013		32,801,131		$	7.13
	The weighted average remaining vesting period over which unvested units are expected to vest is 0.9 years.
	The following table summarizes the remaining vesting tranches of Principal Awards:
	Vesting Date	Units
	April 1, 2014		1,223,940
	October 1, 2014		26,521,438
	April 1, 2015		1,214,465
	October 1, 2015		2,281,657
	April 1, 2016		82,429
	October 1, 2016		1,320,909
	April 1, 2017		30,000
	October 1, 2017		111,293
	April 1, 2018		15,000
			32,801,131
	KKR Holdings Equity Awards—Restricted Equity Units
	Grants of restricted equity units based on KKR Group Partnership Units held by KKR Holdings were made to professionals, support staff, and other personnel ("Holdings REU Awards"). These grants will be funded by KKR Holdings and will not dilute KKR's interests in the KKR Group Partnerships. The vesting of these Holdings REU Awards occur in installments, generally over a three to five year period from the date of grant. Holdings REU Awards are measured and recognized on a basis similar to Principal Awards except that the fair value of a KKR & Co. L.P. common unit at the time of grant is not discounted for the lack of distribution participation rights since unvested units are entitled to distributions. The calculation assumes a forfeiture rate of up to 6% annually based upon expected turnover by class of professionals, support staff, and other personnel.
	As of December 31, 2013, there was approximately $1.3 million of estimated unrecognized expense related to unvested awards. That cost is expected to be recognized as follows:
	Year	Unrecognized
		Expense
		(in millions)
	2014	$	1.1
	2015		0.2
	Total	$	1.3
	A summary of the status of unvested Holdings REU Awards from January 1, 2013 through December 31, 2013 is presented below:
		Units			Weighted
					Average Grant
					Date Fair Value
	Balance, January 1, 2013		1,064,712		$	12.03
	Granted		—			—
Vested		(460,841	)		11.61
Forfeited		(47,666	)		14.2
Balance, December 31, 2013		556,205		$	12.19
The weighted average remaining vesting period over which unvested units are expected to vest is 0.8 years.
A summary of the remaining vesting tranches of Holdings REU Awards is presented below:
Vesting Date	Units
April 1, 2014		154,791
October 1, 2014		249,953
April 1, 2015		128,728
October 1, 2015		22,733
		556,205
KKR & Co. L.P. 2010 Equity Incentive Plan
Under the Equity Incentive Plan, KKR is permitted to grant equity awards representing ownership interests in KKR & Co. L.P. common units. Vested awards under the Equity Incentive Plan dilute KKR & Co. L.P. common unitholders and KKR Holdings pro rata in accordance with their respective percentage interests in the KKR Group Partnerships.
The total number of common units that may be issued under the Equity Incentive Plan is equivalent to 15% of the number of fully diluted and exchanged common units outstanding, subject to annual adjustment. As of December 31, 2013, equity awards relating to 34,974,758 KKR & Co. L.P. common units have been granted under the Equity Incentive Plan and are subject to service based vesting, which vest generally over a three to five year period from the date of grant. In certain cases, these awards are subject to transfer restrictions and/or minimum retained ownership requirements. The transfer restriction period, if applicable, lasts for (i) one year with respect to one-half of the interests vesting on any vesting date and (ii) two years with respect to the other one-half of the interests vesting on such vesting date. While providing services to KKR, if applicable, certain of these recipients are also subject to minimum retained ownership rules requiring them to continuously hold common unit equivalents equal to at least 15% of their cumulatively vested interests.
Expense associated with the vesting of these awards is based on the closing price of the KKR & Co. L.P. common units on the date of grant, discounted for the lack of participation rights in the expected distributions on unvested units, which currently ranges from 7% to 52% multiplied by the number of unvested units on the grant date. The grant date fair value of a KKR & Co. L.P. common unit reflects a discount for lack of distribution participation rights because equity awards are not entitled to receive distributions while unvested. The discount range was based on management's estimates of future distributions that unvested equity awards will not be entitled to receive between the grant date and the vesting date. Therefore, units that vest in earlier periods have a lower discount as compared to units that vest in later periods, which have a higher discount. The discount range will generally increase when the level of expected annual distributions increases relative to the grant date fair value of a KKR & Co. L.P. common unit. A decrease in expected annual distributions relative to the grant date fair value of a KKR & Co. L.P. common unit would generally have the opposite effect. Expense is recognized on a straight line basis over the life of the award and assumes a forfeiture rate of up to 6% annually based upon expected turnover by class of recipient.
As of December 31, 2013, there was approximately $173.1 million of estimated unrecognized expense related to unvested awards. That cost is expected to be recognized as follows:
Year	Unrecognized
	Expense
	(in millions)
2014	$	89.4
2015		56.5
2016		19.2
2017		6.1
2018		1.9
Total	$	173.1
A summary of the status of awards granted under the Equity Incentive Plan from January 1, 2013 through December 31, 2013 is presented below:
	Units			Weighted
				Average Grant
				Date Fair Value
Balance, January 1, 2013		17,920,926		$	9.11
Granted		12,996,653			12.64
Vested		(6,874,154	)		12.5
Forfeited		(1,100,438	)		9.99
Balance, December 31, 2013		22,942,987		$	10.05
The weighted average remaining vesting period over which unvested awards are expected to vest is 1.5 years.
A summary of the remaining vesting tranches of awards granted under the Equity Incentive Plan is presented below:
Vesting Date	Units
April 1, 2014		4,701,397
October 1, 2014		4,401,121
April 1, 2015		4,468,115
October 1, 2015		3,463,723
April 1, 2016		2,283,939
October 1, 2016		2,227,419
April 1, 2017		84,189
October 1, 2017		580,987
April 1, 2018		6,917
October 1, 2018		725,180
		22,942,987
Discretionary Compensation
All KKR principals and other employees of certain consolidated entities are eligible to receive discretionary cash bonuses. While cash bonuses paid to most employees are borne by KKR and certain consolidated entities and result in customary compensation and benefits expense, cash bonuses that are paid to certain of KKR's principals are currently borne by KKR Holdings. These bonuses are funded with distributions that KKR Holdings receives on KKR Group Partnership Units held by KKR Holdings but are not then passed on to holders of unvested units of KKR Holdings. Because KKR principals are not entitled to receive distributions on units that are unvested, any amounts allocated to principals in excess of a principal's vested equity interests are reflected as employee compensation and benefits expense. These compensation charges are recorded based on the unvested portion of quarterly earnings distributions received by KKR Holdings at the time of the distribution.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	11. RELATED PARTY TRANSACTIONS
	Due from and to Affiliates consists of:
		December 31,		December 31,
		2013		2012
	Due from Related Entities	$	98,793	$	73,357
	Due from Portfolio Companies		45,115		48,828
	Due from Affiliates	$	143,908	$	122,185
		December 31,		December 31,
		2013		2012
	Due to KKR Holdings in Connection with the Tax Receivable Agreement	$	89,797	$	70,375
	Due to Related Entities		4,054		2,455
	Due to Affiliates	$	93,851	$	72,830
	KFN
	KFN is a publicly traded specialty finance company whose limited liability company interests are listed on the NYSE under the symbol "KFN." KFN is managed by KKR but is not consolidated by KKR. KFN was organized in August 2004 and completed its initial public offering on June 24, 2005. As of December 31, 2013 and 2012, KFN had consolidated assets of $8.7 billion and $8.4 billion, respectively, and shareholders' equity of $2.5 billion and $1.8 billion, respectively. Shares of KFN held by KKR represented less than 1.0% of KFN's outstanding shares as of December 31, 2013 and 2012, respectively. If KKR were to exercise all of its outstanding vested options, KKR's ownership interest in KFN would be less than 1% of KFN's outstanding shares as of December 31, 2013 and 2012.
	Discretionary Investments
	Certain of KKR's investment professionals, including its principals and other qualifying personnel, are permitted to invest, and have invested, their own capital in side-by-side investments with KKR's investment vehicles. Side-by-side investments are made on the same terms and conditions as those acquired by the applicable investment vehicle, except that the side-by-side investments are not subject to management fees, incentive fees or a carried interest. The cash invested by these individuals aggregated $292.8 million, $108.9 million and $227.8 million for the years ended December 31, 2013, 2012 and 2011, respectively.
	Aircraft and Other Services
	Certain of the Senior Principals own aircraft that KKR uses for business purposes in the ordinary course of its operations. These Senior Principals paid for the purchase of these aircraft with personal funds and bear all operating, personnel and maintenance costs associated with their operation. The hourly rates that KKR pays for the use of these aircraft are based on current market rates for chartering private aircraft of the same type. KKR incurred $4.2 million, $4.6 million and $5.0 million for the use of these aircraft for the years ended December 31, 2013, 2012 and 2011, respectively.
	Facilities
	Certain trusts, whose beneficiaries include children of Mr. Kravis and Mr. Roberts, and certain other Senior Principals who are not executive officers of KKR, are partners in a real-estate based partnership that maintains an ownership interest in KKR's Menlo Park location. Payments made to this partnership were $7.2 million, $6.8 million and $6.5 million for the years ended December 31, 2013, 2012 and 2011, respectively.

SEGMENT_REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2013
SEGMENT REPORTING	'
SEGMENT REPORTING	'
	12. SEGMENT REPORTING
	KKR transacts its investment advisory business primarily in the United States and the majority of the fees from such business are earned from the United States. KKR operates through three reportable business segments. These segments, which are differentiated primarily by their investment objectives and strategies, consist of the following:
	Private Markets
	Through the Private Markets segment, KKR manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. KKR also manages and sponsors a group of funds and co-investment vehicles that invest capital in real assets, such as infrastructure, energy and real estate. These funds, vehicles and accounts are managed by Kohlberg Kravis Roberts & Co. L.P., an SEC registered investment adviser.
	Public Markets
	Through the Public Markets segment, KKR operates its credit and hedge funds businesses. KKR's credit business is managed by KKR Asset Management, LLC, or KAM, an SEC registered investment adviser. KAM advises funds, structured finance vehicles, separately managed accounts, business development companies ("BDCs") and other investment companies registered under the Investment Company Act of 1940 that invest capital in (i) leveraged credit strategies, such as leveraged loans and high yield bonds and (ii) alternative credit strategies such as mezzanine investments, special situations investments, direct lending investments and long/short credit. In addition to KKR's credit business, KKR has a hedge funds business that offers a variety of investment strategies and focuses on providing investment solutions for institutional investors. These strategies are managed by KAM and Prisma Capital Partners LP, or KKR Prisma, an SEC registered investment adviser. This business offers customized hedge fund portfolios, hedge fund-of-fund solutions and a long/short equity strategy. In addition, on January 23, 2013, we acquired a 24.9% interest in Nephila Capital Ltd. ("Nephila"), an investment manager focused on investing in natural catastrophe and weather risk.
	Capital Markets and Principal Activities
	The Capital Markets and Principal Activities segment combines KKR's principal assets with its global capital markets business. KKR's capital markets business supports the firm, portfolio companies and third-party clients by developing and implementing both traditional and non-traditional capital solutions for investments or companies seeking financing. These services include arranging debt and equity financing for transactions, placing and underwriting securities offerings and providing other types of capital markets services. When KKR underwrites an offering of securities or a loan on a firm commitment basis, KKR commits to buy and sell an issue of securities or indebtedness and generate revenue by purchasing the securities or indebtedness at a discount or for a fee. When KKR acts in an agency capacity, KKR generates revenue for arranging financing or placing securities or debt with capital markets investors. KKR's principal assets, which include investments in KKR's investment funds and co-investments in certain portfolio companies of such funds, provide KKR with a significant source of capital to further grow and expand the business, increase participation in KKR's existing portfolio of businesses and further align KKR's interests with those of KKR's fund investors and other stakeholders.
	Key Performance Measures
	The segment key performance measures that follow are used by management in making operating and resource deployment decisions as well as assessing the overall performance of each of KKR's reportable business segments. The reportable segments for KKR's business are presented prior to giving effect to the allocation of income (loss) between KKR & Co. L.P. and KKR Holdings and as such represents the business in total. In addition, KKR's reportable segments are presented without giving effect to the consolidation of the funds that KKR manages.
	Fee Related Earnings ("FRE")
	FRE is comprised of segment fees less segment expenses (other than certain compensation and general and administrative expenses incurred in the generation of net realized principal investment income). This measure is used by management as an alternative measurement of the operating earnings of KKR and its business segments before investment income. The components of FRE on a segment basis differ from the equivalent GAAP amounts on a consolidated basis as a result of: (i) the inclusion of management fees earned from consolidated funds that were eliminated in consolidation; (ii) the exclusion of fees and expenses of certain consolidated entities; (iii) the exclusion of charges relating to the amortization of intangible assets; (iv) the exclusion of charges relating to carry pool allocations; (v) the exclusion of non-cash equity charges and other non-cash compensation charges borne by KKR Holdings or incurred under the KKR & Co. L.P. 2010 Equity Incentive Plan; (vi) the exclusion of certain reimbursable expenses; and (vii) the exclusion of certain non-recurring items.
	Economic Net Income ("ENI")
	ENI is a measure of profitability for KKR's reportable segments and is used by management as an alternative measurement of the operating and investment earnings of KKR and its business segments. ENI is comprised of: (i) FRE plus (ii) segment investment income (loss), which is reduced for carry pool allocations, management fee refunds, interest expense and certain compensation and general and administrative expenses incurred in the generation of net realized principal investment income; less (iii) certain economic interests in KKR's segments held by third parties. ENI differs from net income (loss) on a GAAP basis as a result of: (i) the exclusion of the items referred to in FRE above; (ii) the exclusion of investment income (loss) relating to noncontrolling interests; and (iii) the exclusion of income taxes.
	Book Value
	Book Value is a measure of the net assets of KKR's reportable segments and is used by management primarily in assessing the unrealized value of KKR's investment portfolio, including carried interest, as well as KKR's overall liquidity position. Book value differs from KKR & Co. L.P. Partners' Capital on a GAAP basis primarily as a result of the exclusion of ownership interests attributable to KKR Holdings.
	The following table presents the financial data for KKR's reportable segments as of and for the year ended December 31, 2013:
		As of and for the Year Ended December 31, 2013
		Private			Public			Capital Markets		Total
		Markets			Markets			and Principal		Reportable
								Activities		Segments
	Fees
	Management and incentive fees:
	Management fees	$	459,496		$	206,134		$	—	$	665,630
	Incentive fees		—			72,359			—		72,359
	Management and incentive fees		459,496			278,493			—		737,989
	Monitoring and transaction fees:
	Monitoring fees		120,267			—			—		120,267
	Transaction fees		150,118			40,314			146,254		336,686
	Fee credits(1)		(136,662	)		(29,950	)		—		(166,612	)
	Net monitoring and transaction fees		133,723			10,364			146,254		290,341
	Total fees		593,219			288,857			146,254		1,028,330
	Expenses
	Compensation and benefits		231,911			77,378			34,483		343,772
	Occupancy and related charges		48,045			6,863			1,419		56,327
	Other operating expenses		154,982			49,210			11,691		215,883
	Total expenses		434,938			133,451			47,593		615,982
	Fee related earnings		158,281			155,406			98,661		412,348
	Investment income (loss)
	Realized carried interest		690,027			—			—		690,027
	Unrealized carried interest		692,085			62,338			—		754,423
	Gross carried interest		1,382,112			62,338			—		1,444,450
	Less: Allocation to KKR carry pool(2)		(558,014	)		(24,935	)		—		(582,949	)
	Less: Management fee refunds(3)		(30,282	)		—			—		(30,282	)
	Net carried interest		793,816			37,403			—		831,219
	Realized other investment income (loss)		—			—			657,139		657,139
	Unrealized other investment income (loss)		1,897			116			299,249		301,262
	Total other investment income (loss)		1,897			116			956,388		958,401
	Total investment income (loss)		795,713			37,519			956,388		1,789,620
	Income (loss) before noncontrolling interests in income of consolidated entities		953,994			192,925			1,055,049		2,201,968
	Income (loss) attributable to noncontrolling interests(4)		1,498			1,560			3,329		6,387
	Economic net income (loss)	$	952,496		$	191,365		$	1,051,720	$	2,195,581
	Total Assets	$	1,600,433		$	360,891		$	7,021,733	$	8,983,057
	Book Value	$	1,521,757		$	341,198		$	5,899,645	$	7,762,600
	-1
	KKR's agreements with the fund investors of certain of its investment funds require KKR to share with these fund investors an agreed upon percentage of monitoring and transaction fees received from portfolio companies ("Fee Credits"). Fund investors receive Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain fund-related expenses and generally amount to 80% of allocable monitoring and transaction fees after fund-related expenses are recovered, although the actual percentage may vary from fund to fund as well as among different classes of investors within a fund.
	-2
	With respect to KKR's active and future investment funds and co-investment vehicles that provide for carried interest, KKR will allocate to its principals, other professionals and selected other individuals a portion of the carried interest earned in relation to these funds as part of its carry pool.
	-3
	Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from fund investors in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund investors is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. As of December 31, 2013, carried interest earned was sufficient to cover 20% of the cash management fees earned. The refunds to the fund investors are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover any of the amount that represents 20% of the cash management fees earned, these fees would not be returned to the fund investors, in accordance with the respective fund agreements.
	-4
	Represents economic interests that will (i) allocate to a former principal an aggregate of 1% of profits and losses of KKR's management companies until a future date and (ii) allocate to third party investors certain profits and losses in KKR's capital markets and principal activities segment.
	The following table reconciles KKR's total reportable segments to the financial statements as of and for the year ended December 31, 2013:
	As of and for the
	Year Ended December 31, 2013
	Total			Adjustments			Consolidated
	Reportable
	Segments
Fees(a)	$	1,028,330		$	(265,784	)	$	762,546
Expenses(b)	$	615,982		$	1,151,156		$	1,767,138
Investment income (loss)(c)	$	1,789,620		$	7,107,126		$	8,896,746
Income (loss) before taxes	$	2,201,968		$	5,690,186		$	7,892,154
Income (loss) attributable to redeemable noncontrolling interests	$	—		$	62,255		$	62,255
Income (loss) attributable to noncontrolling interests	$	6,387		$	7,094,360		$	7,100,747
Total Assets(d)	$	8,983,057		$	42,444,144		$	51,427,201
Book Value(e)	$	7,762,600		$	(5,040,590	)	$	2,722,010
(a)
The fees adjustment primarily represents (i) the elimination of management fees of $487,669 upon consolidation of KKR's funds, (ii) the elimination of Fee Credits of $144,416 upon consolidation of the KKR funds and vehicles, (iii) inclusion of reimbursable expenses of $41,529 and (iv) other adjustments of $35,940.
(b)
The expenses adjustment primarily represents (i) the inclusion of non-cash equity based charges borne by KKR Holdings or granted under the Equity Incentive Plan, which amounted to $307,514, (ii) allocations to the carry pool of $582,949, (iii) a gross up of reimbursable expenses of $58,358, (iv) operating expenses of $102,047 primarily associated with the inclusion of operating expenses upon consolidation of KKR's funds and other entities, (v) inclusion of certain compensation and general and administrative expenses incurred in the generation of net realized principal investment income of $7,695 and (vi) other adjustments of $92,593.
(c)
The investment income (loss) adjustment primarily represents (i) the inclusion of net investment income of $6,486,200 attributable to noncontrolling interests upon consolidation of KKR's funds, (ii) exclusion of allocations to the carry pool of $582,949, (iii) exclusion of management fee refunds of $30,282 and (iv) exclusion of certain compensation and general and administrative expenses incurred in the generation of net realized principal investment income of $7,695.
(d)
Substantially all of the total assets adjustment represents the inclusion of investments that are attributable to noncontrolling interests upon consolidation of KKR's funds.
(e)
The book value adjustment represents the exclusion of noncontrolling interests held by KKR Holdings of $5,116,761 and the equity impact of KKR Management Holdings Corp. equity and other of $76,171.
The reconciliation of net income (loss) attributable to KKR & Co. L.P. as reported in the consolidated statements of operations to economic net income (loss) and fee related earnings consists of the following:
	For the Year
	Ended
	December 31, 2013
Net income (loss) attributable to KKR & Co. L.P.	$	691,226
Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings		1,056,126
Plus: Equity based compensation		307,514
Plus: Amortization of intangibles and other, net		102,789
Plus: Income taxes		37,926
Economic net income (loss)		2,195,581
Plus: Income attributable to segment noncontrolling interests		6,387
Less: Investment income (loss)		1,789,620
Fee related earnings	$	412,348
The following table presents the financial data for KKR's reportable segments as of and for the year ended December 31, 2012:
	As of and for the Year Ended December 31, 2012
	Private			Public			Capital Markets		Total
	Markets			Markets			and Principal		Reportable
							Activities		Segments
Fees
Management and incentive fees:
Management fees	$	423,921		$	105,186		$	—	$	529,107
Incentive fees		—			43,845			—		43,845
Management and incentive fees		423,921			149,031			—		572,952
Monitoring and transaction fees:
Monitoring fees		116,565			—			—		116,565
Transaction fees		96,454			14,495			129,159		240,108
Fee credits(1)		(97,362	)		(8,368	)		—		(105,730	)
Net monitoring and transaction fees		115,657			6,127			129,159		250,943
Total fees		539,578			155,158			129,159		823,895
Expenses
Compensation and benefits		192,765			50,705			29,341		272,811
Occupancy and related charges		48,562			5,606			900		55,068
Other operating expenses		147,253			18,350			10,602		176,205
Total expenses		388,580			74,661			40,843		504,084
Fee related earnings		150,998			80,497			88,316		319,811
Investment income (loss)
Realized carried interest		475,707			—			—		475,707
Unrealized carried interest		917,048			39,155			—		956,203
Gross carried interest		1,392,755			39,155			—		1,431,910
Less: Allocation to KKR carry pool(2)		(565,543	)		(15,663	)		—		(581,206	)
Less: Management fee refunds(3)		(143,723	)		—			—		(143,723	)
Net carried interest		683,489			23,492			—		706,981
Realized other investment income (loss)		—			—			866,776		866,776
Unrealized other investment income (loss)		599			20			243,727		244,346
Total other investment income (loss)		599			20			1,110,503		1,111,122
Total investment income (loss)		684,088			23,512			1,110,503		1,818,103
Income (loss) before noncontrolling interests in income of consolidated entities		835,086			104,009			1,198,819		2,137,914
Income (loss) attributable to noncontrolling interests(4)		3,390			1,079			2,574		7,043
Economic net income (loss)	$	831,696		$	102,930		$	1,196,245	$	2,130,871
Total Assets	$	1,295,576		$	334,101		$	5,967,636	$	7,597,313
Book Value	$	1,215,513		$	316,929		$	5,424,742	$	6,957,184
-1
KKR's agreements with the fund investors of certain of its investment funds require KKR to share with these fund investors an agreed upon percentage of monitoring and transaction fees received from portfolio companies. Fund investors receive Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain fund-related expenses and generally amount to 80% of allocable monitoring and transaction fees after fund-related expenses are recovered, although the actual percentage may vary from fund to fund as well as among different classes of investors within a fund.
-2
With respect to KKR's active and future investment funds and co-investment vehicles that provide for carried interest, KKR will allocate to its principals, other professionals and selected other individuals a portion of the carried interest earned in relation to these funds as part of its carry pool.
-3
Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from fund investors in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund's fund investors is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. As of December 31, 2012, carried interest earned was sufficient to cover 20% of the cash management fees earned. The refunds to the fund investors are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover any of the amount that represents 20% of the cash management fees earned, these fees would not be returned to the fund investors, in accordance with the respective fund agreements.
-4
Represents economic interests that will (i) allocate to a former principal an aggregate of 1% of profits and losses of KKR's management companies until a future date and (ii) allocate to third party investors certain profits and losses in KKR's capital markets and principal activities segment.
The following table reconciles KKR's total reportable segments to the financial statements as of and for the year ended December 31, 2012:
	As of and for the
	Year Ended December 31, 2012
	Total			Adjustments			Consolidated
	Reportable
	Segments
Fees(a)	$	823,895		$	(255,453	)	$	568,442
Expenses(b)	$	504,084		$	1,094,704		$	1,598,788
Investment income (loss)(c)	$	1,818,103		$	7,283,892		$	9,101,995
Income (loss) before taxes	$	2,137,914		$	5,933,735		$	8,071,649
Income (loss) attributable to redeemable noncontrolling interests	$	—		$	34,963		$	34,963
Income (loss) attributable to noncontrolling interests	$	7,043		$	7,425,402		$	7,432,445
Total Assets(d)	$	7,597,313		$	36,829,040		$	44,426,353
Book Value(e)	$	6,957,184		$	(4,952,825	)	$	2,004,359
(a)
The fees adjustment primarily represents (i) the elimination of management fees of $430,963 upon consolidation of KKR's funds, (ii) the elimination of Fee Credits of $103,227 upon consolidation of KKR's funds, (iii) inclusion of reimbursable expenses of $29,878 and (iv) other adjustments of $42,405.
(b)
The expenses adjustment primarily represents (i) the inclusion of non-cash equity based charges borne by KKR Holdings or granted under the Equity Incentive Plan, which amounted to $400,207, (ii) allocations to the carry pool of $581,206, (iii) a gross up of reimbursable expenses of $41,615, (iv) operating expenses of $2,694 primarily associated with the inclusion of operating expenses upon consolidation of KKR's funds and other entities and (v) other adjustments of $68,982.
(c)
The investment income (loss) adjustment primarily represents (i) the inclusion of a net investment income of $6,558,963 attributable to noncontrolling interests upon consolidation of KKR's funds, (ii) exclusion of allocations to the carry pool of $581,206, and (iii) exclusion of management fee refunds of $143,723.
(d)
Substantially all of the total assets adjustment represents the inclusion of investments that are attributable to noncontrolling interests upon consolidation of KKR's funds.
(e)
The book value adjustment represents the exclusion of noncontrolling interests held by KKR Holdings of $4,981,864 and the equity impact of KKR Management Holdings Corp. equity and other of $29,039.
The reconciliation of net income (loss) attributable to KKR & Co. L.P. as reported in the consolidated statements of operations to economic net income (loss) and fee related earnings consists of the following:
	For the Year Ended
	December 31, 2012
Net income (loss) attributable to KKR & Co. L.P.	$	560,836
Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings		1,116,740
Plus: Equity based compensation		400,207
Plus: Amortization of intangibles and other, net		9,683
Plus: Income taxes		43,405
Economic net income (loss)		2,130,871
Plus: Income attributable to segment noncontrolling interests		7,043
Less: Investment income (loss)		1,818,103
Fee related earnings	$	319,811
The following table presents the financial data for KKR's reportable segments as of and for the year ended December 31, 2011:
	As of and for the Year Ended December 31, 2011
	Private			Public			Capital Markets		Total
	Markets			Markets			and Principal		Reportable
							Activities		Segments
Fees
Management and incentive fees:
Management fees	$	430,400		$	84,984		$	—	$	515,384
Incentive fees		—			34,243			—		34,243
Management and incentive fees		430,400			119,227			—		549,627
Monitoring and transaction fees:
Monitoring fees		163,769			—			—		163,769
Transaction fees		166,654			11,996			170,480		349,130
Fee credits(1)		(144,928	)		(5,930	)		—		(150,858	)
Net monitoring and transaction fees		185,495			6,066			170,480		362,041
Total fees		615,895			125,293			170,480		911,668
Expenses
Compensation and benefits		185,709			46,133			26,109		257,951
Occupancy and related charges		45,694			4,059			1,256		51,009
Other operating expenses		157,901			15,483			12,171		185,555
Total expenses		389,304			65,675			39,536		494,515
Fee related earnings		226,591			59,618			130,944		417,153
Investment income (loss)
Realized carried interest		336,858			—			—		336,858
Unrealized carried interest		(70,647	)		(2,590	)		—		(73,237	)
Gross carried interest		266,211			(2,590	)		—		263,621
Less: Allocation to KKR carry pool(2)		(109,361	)		1,036			—		(108,325	)
Less: Management fee refunds(3)		(17,587	)		—			—		(17,587	)
Net carried interest		139,263			(1,554	)		—		137,709
Realized other investment income (loss)		—			—			186,288		186,288
Unrealized other investment income (loss)		(549	)		505			16,514		16,470
Total other investment income (loss)		(549	)		505			202,802		202,758
Total investment income (loss)		138,714			(1,049	)		202,802		340,467
Income (loss) before noncontrolling interests in income of consolidated entities		365,305			58,569			333,746		757,620
Income (loss) attributable to noncontrolling interests(4)		2,536			599			3,536		6,671
Economic net income (loss)	$	362,769		$	57,970		$	330,210	$	750,949
Total Assets	$	855,672		$	67,894		$	5,491,842	$	6,415,408
Book Value	$	728,440		$	59,012		$	4,923,132	$	5,710,584
-1
KKR's agreements with the fund investors of certain of its investment funds require KKR to share with these fund investors an agreed upon percentage of monitoring and transaction fees received from portfolio companies. Fund investors receive Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain fund-related expenses and generally amount to 80% of allocable monitoring and transaction fees after fund-related expenses are recovered, although the actual percentage may vary from fund to fund as well as among different classes of investors within a fund.
-2
With respect to KKR's active and future investment funds and co-investment vehicles that provide for carried interest, KKR will allocate to its principals, other professionals and selected other individuals a portion of the carried interest earned in relation to these funds as part of its carry pool.
-3
Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from fund investors in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund's fund investors is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. As of December 31, 2011, the amount subject to refund for which no liability was recorded was approximately $91.4 million as a result of certain funds not yet recognizing sufficient carried interest. The refunds to the fund investors are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover any of the amount that represents 20% of the cash management fees earned, these fees would not be returned to the fund investors, in accordance with the respective fund agreements.
-4
Represents economic interests that will (i) allocate to a former principal an aggregate of 1% of profits and losses of KKR's management companies until a future date and (ii) allocate to third party investors certain profits and losses in KKR's capital markets and principal activities segment.
The following table reconciles KKR's total reportable segments to the financial statements as of and for the year ended December 31, 2011:
	As of and for the
	Year Ended December 31, 2011
	Total			Adjustments			Consolidated
	Reportable
	Segments
Fees(a)	$	911,668		$	(188,048	)	$	723,620
Expenses(b)	$	494,515		$	719,490		$	1,214,005
Investment income (loss)(c)	$	340,467		$	1,115,649		$	1,456,116
Income (loss) before taxes	$	757,620		$	208,111		$	965,731
Income (loss) attributable to redeemable noncontrolling interests	$	—		$	4,318		$	4,318
Income (loss) attributable to noncontrolling interests	$	6,671		$	863,576		$	870,247
Total Assets(d)	$	6,415,408		$	33,962,237		$	40,377,645
Book Value(e)	$	5,710,584		$	(4,381,886	)	$	1,328,698
(a)
The fees adjustment primarily represents (i) the elimination of management fees of $435,183 upon consolidation of KKR's funds, (ii) the elimination of Fee Credits of $144,977 upon consolidation of KKR's funds, (iii) inclusion of reimbursable expenses of $46,038 and (iv) other adjustments of $56,120.
(b)
The expenses adjustment primarily represents (i) the inclusion of non-cash equity based charges borne by KKR Holdings or granted under the Equity Incentive Plan, which amounted to $470,221, (ii) allocations to the carry pool of $108,325, (iii) a gross up of reimbursable expenses of $46,038 (iv) operating expenses of $30,822 primarily associated with the inclusion of operating expenses upon consolidation of KKR's funds and other entities and (v) other adjustments of $64,084.
(c)
The investment income (loss) adjustment primarily represents (i) the inclusion of a net investment income of $989,737 attributable to noncontrolling interests upon consolidation of KKR's funds, (ii) exclusion of allocations to the carry pool of $108,325, and (iii) exclusion of management fee refunds of $17,587.
(d)
Substantially all of the total assets adjustment represents the inclusion of investments that are attributable to noncontrolling interests upon consolidation of KKR's funds.
(e)
The book value adjustment represents the exclusion of noncontrolling interests held by KKR Holdings of $4,342,157 and the equity impact of KKR Management Holdings Corp. equity and other of $39,729.
The reconciliation of net income (loss) attributable to KKR & Co. L.P. as reported in the consolidated statements of operations to economic net income (loss) and fee related earnings consists of the following:
	For the Year Ended
	December 31, 2011
Net income (loss) attributable to KKR & Co. L.P.	$	1,921
Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings		185,352
Plus: Equity based compensation		470,221
Plus: Amortization of intangibles and other, net		4,210
Plus: Income taxes		89,245
Economic net income (loss)		750,949
Plus: Income attributable to segment noncontrolling interests		6,671
Less: Investment income (loss)		340,467
Fee related earnings	$	417,153

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2013
ACQUISITIONS	'
ACQUISITIONS	'
	13. ACQUISITIONS
	Acquisition of Prisma
	On October 1, 2012, KKR completed the acquisition of 100% of the equity interests of Prisma Capital Partners LP and its affiliates ("KKR Prisma"). KKR Prisma constructs and manages customized hedge fund portfolios and hedge funds-of-funds. The addition of KKR Prisma provides KKR with a new hedge fund-of-funds strategy and a greater presence in the hedge funds space, from which KKR can create and offer more liquid products for KKR's fund investors.
	Initial consideration transferred was $200.0 million in cash, and KKR may also become obligated to make future additional payments (referred to hereafter as "contingent consideration") to the sellers (certain of which are now employees of KKR) in years 2014 and 2017 based on the KKR Prisma business achieving certain performance metrics when measured in such years. KKR has the right in its sole discretion to pay a portion of the contingent consideration, if any, in KKR & Co. L.P. common units rather than in cash. Changes in the fair value of the contingent consideration subsequent to the acquisition date are recognized within General, Administrative and Other in the accompanying consolidated statements of operations.
	The following is a summary of the estimated fair values of the assets acquired and liabilities assumed:
	Cash and Cash Equivalents	$	13,141
	Other Assets		6,652
	Intangible Assets		181,000
	Goodwill		89,000
	Total Assets	$	289,793
	Liabilities Assumed	$	18,493
	Total Liabilities	$	18,493
	As of December 31, 2013 and 2012, the fair value of the contingent consideration was estimated to be $122.8 million and $71.3 million, respectively, has been recorded as a liability within Accounts Payable, Accrued Expenses and Other Liabilities in the accompanying consolidated statements of financial condition. The fair value of the contingent consideration was derived using Level III inputs. This amount was determined based on the expected value of a range of undiscounted cash flows of $0 to $155.0 million in each of 2014 and 2017, that considered, among other things probability, risk-weighting, and other adjustments that KKR has determined to be applicable.
	The consolidated statement of operations for the year ended December 31, 2012 includes the financial results of KKR Prisma since the date of acquisition, October 1, 2012, through December 31, 2012. During this period, KKR Prisma's fees and net income (loss) attributable to KKR & Co. L.P. were $17.2 million and $1.1 million, respectively. This net income (loss) attributable to KKR & Co. L.P. reflects amortization of intangible assets and equity based compensation charges associated with KKR Prisma since the date of the acquisition. Additionally, the portion of net income that is allocable to KKR reflects KKR's approximate 36.9% ownership interest in the KKR Group Partnerships after applicable corporate and local income taxes for the three months ended December 31, 2012. On a segment basis, the financial results of KKR Prisma are included within the Public Markets segment.
	The information that follows provides supplemental information about pro forma fees and net income (loss) attributable to KKR & Co. L.P. as if the acquisition of KKR Prisma had been consummated as of January 1, 2011. Such information is unaudited and is based on estimates and assumptions which KKR believes are reasonable. These results are not necessarily indicative of the consolidated statements of operations in future periods or the results that would have actually been realized had KKR and KKR Prisma been a combined entity during 2012 and 2011. On a pro forma basis for the years ended December 31, 2012 and 2011, (i) fees would be estimated to be $612.8 million and $782.0 million, respectively, (ii) net income (loss) attributable to KKR & Co. L.P. would be estimated to be $563.1 million and $3.9 million, respectively, (iii) net income (loss) attributable to KKR & Co. L.P. per common unit—basic would be estimated to be $2.36 and $0.02, respectively, and (iv) net income (loss) attributable to KKR & Co. L.P. per common unit—diluted would be estimated to be $2.22 and $0.02, respectively.
	KKR incurred $3.7 million of acquisition related costs which were expensed as incurred and are reflected within General, Administrative and Other Expense on the consolidated statement of operations.

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2013
GOODWILL AND INTANGIBLE ASSETS	'
GOODWILL AND INTANGIBLE ASSETS	'
	14. GOODWILL AND INTANGIBLE ASSETS
	Goodwill
	Goodwill from the acquisition of KKR Prisma represents the excess of acquisition cost over the fair value of net tangible and intangible assets acquired. The carrying value of goodwill was $89.0 million as of December 31, 2013 and is recorded within Other Assets in the accompanying consolidated statements of financial condition. This goodwill has been allocated entirely to the Public Markets Segment. As of December 31, 2013, the fair value of KKR's reportable segments substantially exceeded their respective carrying values. All of the goodwill is currently expected to be deductible for tax purposes. See Note 7 "Other Assets and Accounts Payable, Accrued Expenses and Other Liabilities."
	Intangible Assets
	Intangible Assets, Net consists of the following:
		December 31, 2013			December 31, 2012
	Finite—Lived Intangible Assets	$	218,886		$	218,886
	Accumulated Amortization		(41,341	)		(21,402	)
	Intangible Assets, Net	$	177,545		$	197,484
	Changes in Intangible Assets, Net consists of the following:
		December 31, 2013			December 31, 2012
	Balance, Beginning of Year	$	197,484		$	24,310
	Acquisitions		—			181,000
	Amortization Expense		(19,939	)		(7,826	)
	Intangible Assets, Net	$	177,545		$	197,484
	Amortization expense relating to intangible assets held at December 31, 2013 is expected to be $19.9 million for each of the years ending December 31, 2014 through 2016, $19.4 million for the year ended December 31, 2017 and $15.5 million for the year ended December 31, 2018. The intangible assets as of December 31, 2013 are expected to amortize over a weighted-average period of 10.4 years.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	15. COMMITMENTS AND CONTINGENCIES
	Acquisition of KFN
	On December 16, 2013, KKR, affiliates of KKR and KFN, entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which KFN would become a subsidiary of KKR Fund Holdings (the "Merger"), on the terms and subject to the conditions set forth in the Merger Agreement. KFN is managed by KKR Financial Advisors LLC, a subsidiary of KKR, pursuant to a management agreement. Completion of the merger is subject to various conditions.
	At the effective time of the merger, each common share of KFN issued and outstanding immediately prior to the effective time (excluding any common shares held by KKR Fund Holdings or any of its subsidiaries) will be converted into the right to receive 0.51 KKR common units together with cash in lieu of fractional units.
	Debt Covenants
	Borrowings of KKR contain various debt covenants. These covenants do not, in management's opinion, materially restrict KKR's investment or financing strategies. KKR is in compliance with its debt covenants in all material respects.
	Investment Commitments
	As of December 31, 2013, KKR had unfunded commitments consisting of (i) $1,172.0 million to its active private equity and other investment vehicles, and (ii) $244.7 million in connection with commitments by KKR's capital markets business and certain other investment commitments. Whether these amounts are actually funded, in whole or in part depends on the terms of such commitments, including the satisfaction or waiver of any conditions to funding.
	Non-cancelable Operating Leases
	KKR's non-cancelable operating leases consist primarily of leases of office space around the world. There are no material rent holidays, contingent rent, rent concessions or leasehold improvement incentives associated with any of these property leases. In addition to base rentals, certain lease agreements are subject to escalation provisions and rent expense is recognized on a straight-line basis over the term of the lease agreement.
	As of December 31, 2013, the approximate aggregate minimum future lease payments, net of sublease income, required on the operating leases are as follows:
	2014	$	46,463
	2015		45,924
	2016		45,657
	2017		40,477
	2018 and Thereafter		128,417
	Total minimum payments required	$	306,938
	Contingent Repayment Guarantees
	The partnership documents governing KKR's carry—paying funds, including funds relating to private equity, mezzanine, infrastructure, energy, real estate, direct lending and special situations investments, generally include a "clawback" provision that, if triggered, may give rise to a contingent obligation requiring the general partner to return amounts to the fund for distribution to the fund investors at the end of the life of the fund. Under a clawback obligation, upon the liquidation of a fund, the general partner is required to return, typically on an after-tax basis, previously distributed carry to the extent that, due to the diminished performance of later investments, the aggregate amount of carry distributions received by the general partner during the term of the fund exceed the amount to which the general partner was ultimately entitled, including the effects of any performance thresholds. Excluding carried interest received by the general partners of funds that were not contributed to KKR in the acquisition of the assets and liabilities of KKR & Co. (Guernsey) L.P. (formerly known as KKR Private Equity Investors, L.P.) on October 1, 2009 (the "KPE Transaction"), as of December 31, 2013, no carried interest was subject to this clawback obligation, assuming that all applicable carry paying funds were liquidated at their December 31, 2013 fair values. Had the investments in such funds been liquidated at zero value, the clawback obligation would have been $1,350.7 million. Carried interest is recognized in the statement of operations based on the contractual conditions set forth in the agreements governing the fund as if the fund were terminated and liquidated at the reporting date and the fund's investments were realized at the then estimated fair values. Amounts earned pursuant to carried interest are earned by the general partner of those funds to the extent that cumulative investment returns are positive and where applicable, preferred return thresholds have been met. If these investment amounts earned decrease or turn negative in subsequent periods, recognized carried interest will be reversed and to the extent that the aggregate amount of carry distributions received by the general partner during the term of the fund exceed the amount to which the general partner was ultimately entitled, a clawback obligation would be recorded. For funds that are consolidated, this clawback obligation, if any, is reflected as an increase in noncontrolling interests in the consolidated statements of financial condition. For funds that are not consolidated, this clawback obligation, if any, is reflected as a reduction of KKR's investment balance as this is where carried interest is initially recorded.
	Certain private equity funds that were contributed to KKR in the KPE Transaction in 2009 also include a "net loss sharing provision." Upon the liquidation of an investment vehicle to which a net loss sharing obligation applies, the general partner is required to contribute capital to the vehicle, to fund 20% of the net losses on investments. In these vehicles, such losses would be required to be paid by KKR to the fund investors in those vehicles in the event of a liquidation of the fund regardless of whether any carried interest had previously been distributed, and a greater share of investment losses would be allocable to KKR relative to the capital that KKR contributed to it as general partner. Based on the fair market values as of December 31, 2013, there would have been no net loss sharing obligation. If the vehicles were liquidated at zero value, the net loss sharing obligation would have been approximately $496.4 million as of December 31, 2013.
	Prior to the KPE Transaction in 2009, certain KKR principals who received carried interest distributions with respect to certain private equity funds contributed to KKR had personally guaranteed, on a several basis and subject to a cap, the contingent obligations of the general partners of such private equity funds to repay amounts to fund investors pursuant to the general partners' clawback obligations. The terms of the KPE Transaction require that KKR principals remain responsible for any clawback obligations relating to carry distributions received prior to the KPE Transaction, up to a maximum of $223.6 million. Through investment realizations, this amount has been reduced to $217.8 million as of December 31, 2013. Using valuations as of December 31, 2013, no amounts are due with respect to the clawback obligation required to be funded by KKR principals. Carry distributions arising subsequent to the KPE Transaction may give rise to clawback obligations that may be allocated generally to KKR and KKR's principals who participate in the carry pool. Unlike the clawback obligation, KKR will be responsible for all amounts due under a net loss sharing obligation and will indemnify KKR's principals for any personal guarantees that they have provided with respect to such amounts. In addition, guarantees of or similar arrangements relating to clawback or net loss sharing obligations in favor of third party investors in an individual investment partnership by entities KKR owns may limit distributions of carried interest more generally.
	Indemnifications
	In the normal course of business, KKR enters into contracts that contain a variety of representations and warranties that provide general indemnifications. In addition, certain of KKR's consolidated funds have provided certain indemnities relating to environmental and other matters and has provided nonrecourse carve-out guarantees for fraud, willful misconduct and other customary wrongful acts, each in connection with the financing of certain real estate investments that KKR has made. KKR's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against KKR that have not yet occurred. However, based on experience, KKR expects the risk of material loss to be low.
	Litigation
	From time to time, KKR is involved in various legal proceedings, lawsuits and claims incidental to the conduct of KKR's business. KKR's business is also subject to extensive regulation, which may result in regulatory proceedings against it.
	On May 23, 2011, KKR, certain KKR affiliates and the board of directors of Primedia Inc. (a former KKR portfolio company whose directors at that time included certain KKR personnel) were named as defendants, along with others, in two shareholder class action complaints filed in the Court of Chancery of the State of Delaware challenging the sale of Primedia in a merger transaction that was completed on July 13, 2011. These actions allege, among other things, that Primedia board members, KKR, and certain KKR affiliates, breached their fiduciary duties by entering into the merger agreement at an unfair price and failing to disclose all material information about the merger. Plaintiffs also allege that the merger price was unfair in light of the value of certain shareholder derivative claims, which were dismissed on August 8, 2011, based on a stipulation by the parties that the derivative plaintiffs and any other former Primedia shareholders lost standing to prosecute the derivative claims on behalf of Primedia when the Primedia merger was completed. The dismissed shareholder derivative claims included allegations concerning open market purchases of certain shares of Primedia's preferred stock by KKR affiliates in 2002 and allegations concerning Primedia's redemption of certain shares of Primedia's preferred stock in 2004 and 2005, some of which were owned by KKR affiliates. With respect to the pending shareholder class actions challenging the Primedia merger, on June 7, 2011, the Court of Chancery denied a motion to preliminarily enjoin the merger. On July 18, 2011, the Court of Chancery consolidated the two pending shareholder class actions and appointed lead counsel for plaintiffs. On October 7, 2011, defendants moved to dismiss the operative complaint in the consolidated shareholder class action. The operative complaint seeks, in relevant part, unspecified monetary damages and rescission of the merger. On December 2, 2011, plaintiffs filed a consolidated amended complaint, which similarly alleges that the Primedia board members, KKR, and certain KKR affiliates breached their respective fiduciary duties by entering into the merger agreement at an unfair price in light of the value of the dismissed shareholder derivative claims. That amended complaint seeks an unspecified amount of monetary damages. On January 31, 2012, defendants moved to dismiss the amended complaint. On May 10, 2013, the Court of Chancery denied the motion to dismiss the complaint as it relates to the Primedia board members, KKR and certain KKR affiliates. On July 1, 2013, KKR and other defendants filed a motion for judgment on the pleadings on the grounds that plaintiff's claims were barred by the statute of limitations. On December 20, 2013, the Court of Chancery granted the motion in part and denied the motion in part.
	Additionally, in May 2011, two shareholder class actions challenging the Primedia merger were filed in Georgia state courts, asserting similar allegations and seeking similar relief as initially sought by the Delaware shareholder class actions above. Both Georgia actions have been stayed in favor of the Delaware action.
	In December 2007, KKR, along with 15 other private equity firms and investment banks, were named as defendants in a purported class action complaint filed in the United States District Court for the District of Massachusetts by shareholders in certain public companies acquired by private equity firms since 2003. In August 2008, KKR, along with 16 other private equity firms and investment banks, were named as defendants in a purported consolidated amended class action complaint. The suit alleges that from mid-2003 defendants have violated antitrust laws by allegedly conspiring to rig bids, restrict the supply of private equity financing, fix the prices for target companies at artificially low levels, and divide up an alleged market for private equity services for leveraged buyouts. The amended complaint seeks injunctive relief on behalf of all persons who sold securities to any of the defendants in leveraged buyout transactions and specifically challenges nine transactions. The first stage of discovery concluded on or about April 15, 2010. On August 18, 2010, the court granted plaintiffs' motion to proceed to a second stage of discovery in part and denied it in part. Specifically, the court granted a second stage of discovery as to eight additional transactions but denied a second stage of discovery as to any transactions beyond the additional eight specified transactions. On October 7, 2010, the plaintiffs filed under seal a fourth amended complaint that includes new factual allegations concerning the additional eight transactions and the original nine transactions. The fourth amended complaint also includes eight purported sub-classes of plaintiffs seeking unspecified monetary damages and/or restitution with respect to eight of the original nine challenged transactions and new separate claims against two of the original nine challenged transactions. On January 13, 2011, the court granted a motion filed by KKR and certain other defendants to dismiss all claims alleged by a putative damages sub-class in connection with the acquisition of PanAmSat Corp. and separate claims for relief related to the PanAmSat transaction. The second phase of discovery permitted by the court is completed. On July 11, 2011, plaintiffs filed a motion seeking leave to file a proposed fifth amended complaint that seeks to challenge ten additional transactions in addition to the transactions identified in the previous complaints. Defendants opposed plaintiffs' motion. On September 7, 2011, the court granted plaintiffs' motion in part and denied it in part. Specifically, the court granted a third stage of limited discovery as to the ten additional transactions identified in plaintiffs' proposed fifth amended complaint but denied plaintiffs' motion seeking leave to file a proposed fifth amended complaint. On June 14, 2012, following the completion of the third phase of discovery, plaintiffs filed a fifth amended complaint which, like their proposed fifth amended complaint, seeks to challenge ten additional transactions in addition to the transactions identified in the previous complaints. On June 22, 2012, defendants filed a motion to dismiss certain claims asserted in the fifth amended complaint. On July 18, 2012, the court granted in part and denied in part defendants' motion to dismiss, dismissing certain previously released claims against certain defendants. On March 13, 2013, the United States District Court denied defendants' motion for summary judgment on the count involving KKR. However, the court narrowed plaintiffs' claim to an alleged overarching agreement to refrain from jumping other defendants' announced proprietary transactions, thereby limiting the case to a smaller number of transactions subject to plaintiffs' claim. KKR filed a renewed motion for summary judgment on April 16, 2013, which the court denied on July 18, 2013. Plaintiffs moved for class certification on October 21, 2013. Defendants filed their opposition to the motion on January 24, 2014. The Court is scheduled to hear the motion for class certification on or after May 19, 2014. A trial date has been scheduled on or after November 3, 2014.
	Since December 19, 2013, multiple putative class action lawsuits have been filed in the Superior Court of California, County of San Francisco, the United States District Court of the District of Northern California, and the Court of Chancery of the State of Delaware by KFN shareholders against KFN, individual members of KFN's board of directors, KKR, and certain of KKR's affiliates in connection with KFN's entry into a merger agreement pursuant to which it would become a subsidiary of KKR. These actions allege variously that the members of the KFN board of directors breached fiduciary duties owed to KFN shareholders by approving the proposed transaction for inadequate consideration; approving the proposed transaction in order to obtain benefits not equally shared by other KFN shareholders; entering into the merger agreement containing preclusive deal protection devices; failing to take steps to maximize the value to be paid to the KFN shareholders; and failing to disclose material information necessary for KFN shareholders to make a fully informed decision about the proposed transaction. The actions also allege variously that KKR, and certain of KKR's affiliates aided and abetted the alleged breaches of fiduciary duties and that KKR is a controlling stockholder of KFN by means of a management agreement between KFN and KKR Financial Advisors LLC, a subsidiary of KKR, and KKR breached a fiduciary duty it allegedly owed to KFN stockholders by causing KFN to enter into the merger agreement. The relief sought in these actions includes, among other things, declaratory and injunctive relief concerning the alleged breaches of fiduciary duties and the proposed transaction, rescission, an accounting by defendants, damages and attorneys' fees and costs, and other relief.
	KKR currently is and expects to continue to become, from time to time, subject to examinations, inquiries and investigations by various U.S. and non-U.S. governmental and regulatory agencies, including but not limited to the Securities Exchange Commission, Department of Justice, state attorney generals, Financial Industry Regulatory Authority, and the U.K. Financial Conduct Authority. Such examinations, inquiries and investigations may result in the commencement of a civil or criminal lawsuit against KKR or its personnel.
	Moreover, in the ordinary course of business, KKR is and can be both the defendant and the plaintiff in numerous lawsuits with respect to acquisitions, bankruptcy, insolvency and other types of proceedings. Such lawsuits may involve claims that adversely affect the value of certain investments owned by KKR's funds.
	KKR establishes an accrued liability for legal proceedings only when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. No loss contingency is recorded for matters where such losses are either not probable or reasonably estimable (or both) at the time of determination. Such matters are subject to many uncertainties, including among others (i) the proceedings are in early stages; (ii) damages sought are unspecified, unsupportable, unexplained or uncertain; (iii) discovery has not been started or is incomplete; (iv) there is uncertainty as to the outcome of pending appeals or motions; (v) there are significant factual issues to be resolved; or (vi) there are novel legal issues or unsettled legal theories to be presented or a large number of parties. Consequently, management is unable to estimate a range of potential loss, if any, related to these matters. For one or more of the matters described above for which a loss is both probable and reasonably estimable, KKR has estimated the aggregate amount of losses attributable to KKR to be approximately $37.5 million. KKR believes such losses may be, in part, subject to insurance and/or indemnity, which KKR believes may reduce any ultimate loss. This estimate is subject to significant judgment and a variety of assumptions and uncertainties. Actual outcomes may vary significantly from this estimate.
	It is not possible to predict the ultimate outcome of all pending legal proceedings, and some of the matters discussed above seek potentially large and/or indeterminate amounts. As of such date, based on information known by management, management has not concluded that the final resolutions of the matters above will have a material effect upon the consolidated financial statements. However, given the potentially large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of investigations and litigations, it is possible that an adverse outcome in certain matters could, from time to time, have a material effect on KKR's financial results in any particular period.

REGULATORY_CAPITAL_REQUIREMENT

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2013
REGULATORY CAPITAL REQUIREMENTS	'
REGULATORY CAPITAL REQUIREMENTS	'
	16. REGULATORY CAPITAL REQUIREMENTS
	KKR has a registered broker-dealer subsidiary which is subject to the minimum net capital requirements of the SEC and the Financial Industry Regulatory Authority ("FINRA"). Additionally, KKR has an entity based in London which is subject to the capital requirements of the U.K. Financial Conduct Authority, another entity based in Hong Kong which is subject to the capital requirements of the Hong Kong Securities and Futures Ordinance, an entity based in Japan subject to the capital requirements of Financial Services Authority of Japan, and two entities based in Mumbai which are subject to capital requirements of the Reserve Bank of India ("RBI") and Securities and Exchange Board of India ("SEBI"). All of these broker dealer entities have continuously operated in excess of their respective minimum regulatory capital requirements.
	The regulatory capital requirements referred to above may restrict KKR's ability to withdraw capital from its registered broker-dealer entities. At December 31, 2013, approximately $97.0 million of cash at KKR's registered broker-dealer entities may be restricted as to the payment of cash dividends and advances to KKR.

QUARTERLY_FINANCIAL_DATA_UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2013
QUARTERLY FINANCIAL DATA (UNAUDITED)	'
QUARTERLY FINANCIAL DATA (UNAUDITED)	'
	17. QUARTERLY FINANCIAL DATA (UNAUDITED)
		Three Months Ended,
		March 31, 2013		June 30, 2013			September 30, 2013		December 31, 2013
	Statement of Operations Data:
	Fees	$	151,240	$	166,376		$	220,028	$	224,902
	Less: Total Expenses		439,330		292,022			455,495		580,291
	Total Investment Income (Loss)		2,395,632		411,429			2,441,265		3,648,420
	Income (Loss) Before Taxes		2,107,542		285,783			2,205,798		3,293,031
	Income Taxes		9,356		8,525			7,644		12,401
	Net Income (Loss)		2,098,186		277,258			2,198,154		3,280,630
	Less: Net Income (Loss) Attributable to Redeemable Noncontrolling Interests		24,623		(7,800	)		9,169		36,263
	Less: Net Income (Loss) Attributable to Noncontrolling Interests		1,880,124		269,924			1,984,245		2,966,454
	Net Income (Loss) Attributable to KKR & Co. L.P.	$	193,439	$	15,134		$	204,740	$	277,913
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit
	Basic	$	0.75	$	0.06		$	0.73	$	0.96
	Diluted	$	0.69	$	0.05		$	0.66	$	0.89
	Weighted Average Common Units Outstanding
	Basic		257,044,184		271,983,811			282,148,802		288,045,501
	Diluted		282,042,521		298,078,764			308,135,191		312,340,336
		March 31, 2012		June 30, 2012			September 30, 2012		December 31, 2012
	Statement of Operations Data:
	Fees	$	116,307	$	112,360		$	162,154	$	177,621
	Less: Total Expenses		445,258		348,739			446,519		358,272
	Total Investment Income (Loss)		3,317,998		1,752,615			2,396,763		1,634,619
	Income (Loss) Before Taxes		2,989,047		1,516,236			2,112,398		1,453,968
	Income Taxes		17,072		11,093			9,612		5,628
	Net Income (Loss)		2,971,975		1,505,143			2,102,786		1,448,340
	Less: Net Income (Loss) Attributable to Redeemable Noncontrolling Interests		5,272		3,285			9,994		16,412
	Less: Net Income (Loss) Attributable to Noncontrolling Interests		2,776,267		1,355,597			1,965,381		1,335,200
	Net Income (Loss) Attributable to KKR & Co. L.P.	$	190,436	$	146,261		$	127,411	$	96,728
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit
	Basic	$	0.83	$	0.62		$	0.53	$	0.39
	Diluted	$	0.8	$	0.58		$	0.49	$	0.36
	Weighted Average Common Units Outstanding
	Basic		229,099,335		235,781,983			239,696,358		249,303,558
	Diluted		237,832,106		252,507,802			257,646,622		268,192,128

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	18. SUBSEQUENT EVENTS
	Distribution
	A distribution of $0.48 per KKR & Co. L.P. common unit was announced on February 6, 2014, and will be paid on March 4, 2014 to unitholders of record as of the close of business on February 18, 2014. KKR Holdings will receive its pro rata share of the distribution from the KKR Group Partnerships. For the years ended December 31, 2013, 2012 and 2011, distributions declared per KKR & Co. L.P. Common Unit were $1.40, $1.22 and $0.74, respectively.
	Acquisition of Avoca Capital
	Subsequent to December 31, 2013, KKR closed its previously announced acquisition of Avoca Capital and its affiliates ("Avoca"), a European credit investment manager with approximately $8.4 billion in assets under management as of December 31, 2013. The purchase price was payable by KKR at the closing in cash and securities representing the right to receive up to 5.0 million KKR & Co. L.P. common units.
	In accordance with GAAP, the acquisition of Avoca will be accounted for as a business combination which requires that the consideration exchanged and net assets acquired be recorded at their respective fair values at the date of acquisition. Intangible assets acquired in the acquisition are expected to consist primarily of certain management contracts providing economic rights to management, incentive and other fees from existing assets managed by Avoca.
	KKR is currently in the process of determining the purchase accounting impact of the acquisition including the amounts recognized as of the closing date for each major class of assets acquired and liabilities assumed. In addition, KKR is also in the process of evaluating whether or not the Avoca funds and vehicles are required to be consolidated.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").
	The consolidated financial statements (referred to hereafter as the "financial statements") include the accounts of KKR's management and capital markets companies, the general partners of certain unconsolidated funds, general partners of consolidated funds and their respective consolidated funds and certain other entities.
	KKR consolidates the financial results of the KKR Group Partnerships and their consolidated subsidiaries. KKR Holdings' ownership interest in the KKR Group Partnerships is reflected as noncontrolling interests in the accompanying financial statements.
	References in the accompanying financial statements to KKR's "principals" are to KKR's senior current and former employees and non-employee operating consultants who hold interests in KKR's business through KKR Holdings, including those principals who also hold interests in the Managing Partner entitling those principals to vote for the election of the Managing Partners' directors (the "Senior Principals").
Use of Estimates	'
	Use of Estimates
	The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of fees, expenses and investment income (loss) during the reporting periods. Such estimates include but are not limited to the valuation of investments and financial instruments. Actual results could differ from those estimates, and such differences could be material to the financial statements.
Consolidation	'
	Consolidation
	General
	KKR consolidates (i) those entities in which it holds a majority voting interest or has majority ownership and control over significant operating, financial and investing decisions of the entity, including the KKR funds and vehicles in which KKR, as general partner, is presumed to have control, or (ii) entities determined to be variable interest entities ("VIEs") for which KKR is considered the primary beneficiary.
	With respect to KKR's consolidated funds and vehicles, KKR generally has operational discretion and control, and fund investors have no substantive rights to impact ongoing governance and operating activities of the fund, including the ability to remove the general partner, also known as kick-out rights. As a result, a fund should be consolidated unless KKR has a nominal level of equity at risk. To the extent that KKR commits a nominal amount of equity to a given fund and has no obligation to fund any future losses, the equity at risk to KKR is not considered substantive and the fund is typically considered a VIE as described below. In these cases, the fund investors are generally deemed to be the primary beneficiaries, and KKR does not consolidate the fund. In cases when KKR's equity at risk is deemed to be substantive, the fund is generally not considered to be a VIE and KKR generally consolidates the fund.
	KKR's funds are consolidated by KKR notwithstanding the fact that KKR has only a minority economic interest in those funds. KKR's financial statements reflect the assets, liabilities, fees, expenses, investment income (loss) and cash flows of the consolidated KKR funds and vehicles on a gross basis, and the majority of the economic interests in those funds, which are held by fund investors, are attributed to noncontrolling interests in the accompanying financial statements. All of the management fees and certain other amounts earned by KKR from those funds are eliminated in consolidation. However, because the eliminated amounts are earned from, and funded by, noncontrolling interests, KKR's attributable share of the net income (loss) from those funds is increased by the amounts eliminated. Accordingly, the elimination in consolidation of such amounts has no effect on net income (loss) attributable to KKR or KKR partners' capital.
	KKR's funds are, for GAAP purposes, investment companies and therefore are not required to consolidate their investments, including investments in portfolio companies, even if majority-owned and controlled. Rather, the consolidated funds and vehicles reflect their investments at fair value as described below in "Fair Value Measurements". All intercompany transactions and balances have been eliminated.
Variable Interest Entities	'
	Variable Interest Entities
	KKR consolidates all VIEs in which it is considered the primary beneficiary. An enterprise is determined to be the primary beneficiary if it has a controlling financial interest under GAAP. A controlling financial interest is defined as (a) the power to direct the activities of a variable interest entity that most significantly impact the entity's business and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the variable interest entity. The consolidation rules which were revised effective January 1, 2010, require an analysis to determine (a) whether an entity in which KKR has a variable interest is a VIE and (b) whether KKR's involvement, through the holding of equity interests directly or indirectly in the entity or contractually through other variable interests unrelated to the holding of equity interests, would give it a controlling financial interest under GAAP. Performance of that analysis requires the exercise of judgment. Where KKR has an interest in an entity that has qualified for the deferral of the consolidation rules, the analysis is based on consolidation rules prior to January 1, 2010. These rules require an analysis to determine (a) whether an entity in which KKR has a variable interest is a VIE and (b) whether KKR's involvement, through the holding of equity interests directly or indirectly in the entity or contractually through other variable interests would be expected to absorb a majority of the variability of the entity. Under both guidelines, KKR determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders that conclusion at each reporting date. In evaluating whether KKR is the primary beneficiary, KKR evaluates its economic interests in the entity held either directly by KKR or indirectly through related parties. The consolidation analysis can generally be performed qualitatively; however, if it is not readily apparent that KKR is not the primary beneficiary, a quantitative analysis may also be performed. Investments and redemptions (either by KKR, affiliates of KKR or third parties) or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. At each reporting date, KKR assesses whether it is the primary beneficiary and will consolidate or not consolidate accordingly. KKR's accounting conclusion under the existing consolidation rules determined that effective January 1, 2011, KKR became the primary beneficiary of certain entities and consolidated such entities that were unconsolidated prior to that date.
	As of December 31, 2013 and 2012, the maximum exposure to loss, before allocations to the carry pool, if any, for those VIEs in which KKR is determined not to be the primary beneficiary but in which it has a variable interest is as follows:
		December 31, 2013			December 31, 2012
	Investments	$	209,525		$	188,408
	Due from Affiliates, net		5,105			2,266
	Maximum Exposure to Loss	$	214,630		$	190,674
	For those unconsolidated VIEs in which KKR is the sponsor, KKR may have an obligation as general partner to provide commitments to such funds. For the years ended December 31, 2013, 2012 and 2011, KKR did not provide any support other than its obligated amount.
	KKR's investment strategies differ by investment fund; however, the fundamental risks have similar characteristics, including loss of invested capital and loss of management fees and carried interests. Accordingly, disaggregation of KKR's involvement by type of VIE would not provide more useful information.
Business Combinations	'
	Business Combinations
	Acquisitions are accounted for using the acquisition method of accounting. The purchase price of an acquisition is allocated to the assets acquired and liabilities assumed using the estimated fair values at the acquisition date. Transaction costs are expensed as incurred.
Intangible Assets	'
	Intangible Assets
	Intangible assets consist primarily of contractual rights to earn future fee income, including management and incentive fees, and are recorded in Other Assets in the accompanying consolidated statements of financial condition. Identifiable finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives and amortization expense is included within General, Administrative and Other in the accompanying consolidated statements of operations. Intangible assets are reviewed for impairment when circumstances indicate an impairment may exist. KKR does not have any indefinite-lived intangible assets.
Goodwill	'
	Goodwill
	Goodwill represents the excess of acquisition cost over the fair value of net tangible and intangible assets acquired in connection with an acquisition. Goodwill is assessed for impairment annually or more frequently if circumstances indicate impairment may have occurred. Goodwill is recorded in Other Assets in the accompanying consolidated statements of financial condition.
Redeemable Noncontrolling Interests	'
	Redeemable Noncontrolling Interests
	Redeemable Noncontrolling Interests represent noncontrolling interests of certain investment vehicles and funds that are subject to periodic redemption by fund investors following the expiration of a specified period of time (typically between one and three years), or may be withdrawn subject to a redemption fee during the period when capital may not be otherwise withdrawn. Fund investors interests subject to redemption as described above are presented as Redeemable Noncontrolling Interests in the accompanying consolidated statements of financial condition and presented as Net Income (Loss) attributable to Redeemable Noncontrolling Interests in the accompanying consolidated statements of operations.
	When redeemable amounts become legally payable to fund investors, they are classified as a liability and included in Accounts Payable, Accrued Expenses and Other Liabilities in the accompanying consolidated statements of financial condition. For all consolidated investment vehicles and funds in which redemption rights have not been granted, noncontrolling interests are presented within Equity in the accompanying consolidated statements of financial condition as Noncontrolling Interests.
Noncontrolling Interests	'
	Noncontrolling Interests
	Noncontrolling interests represent (i) noncontrolling interests in consolidated entities and (ii) noncontrolling interests held by KKR Holdings.
	Noncontrolling Interests in Consolidated Entities
	Noncontrolling interests in consolidated entities represent the non-redeemable ownership interests in KKR that are held primarily by:
	(i)
	third party fund investors in KKR's funds;
	(ii)
	a former principal and such person's designees representing an aggregate of 1% of the carried interest received by the general partners of KKR's funds and 1% of KKR's other profits (losses) until a future date;
	(iii)
	certain of KKR's former principals and their designees representing a portion of the carried interest received by the general partners of KKR's private equity funds that was allocated to them with respect to private equity investments made during such former principals' previous tenure with KKR;
	(iv)
	certain of KKR's current and former principals representing all of the capital invested by or on behalf of the general partners of KKR's private equity funds prior to October 1, 2009 and any returns thereon; and
	(v)
	third parties in KKR's capital markets business.
	Noncontrolling Interests held by KKR Holdings
	Noncontrolling interests held by KKR Holdings include economic interests held by KKR's principals in the KKR Group Partnerships. KKR's principals receive financial benefits from KKR's business in the form of distributions received from KKR Holdings and through their direct and indirect participation in the value of KKR Group Partnership Units held by KKR Holdings. These financial benefits are not paid by KKR and are borne by KKR Holdings.
	The following table presents the calculation of noncontrolling interests held by KKR Holdings:
		For the Years Ended December 31,
		2013			2012			2011
	Balance at the beginning of the period	$	4,981,864		$	4,342,157		$	4,346,388
	Net income (loss) attributable to noncontrolling interests held by KKR Holdings(a)		1,056,126			1,116,740			185,352
	Other comprehensive income (loss), net of tax(b)		(3,114	)		(3,908	)		(8,488	)
	Impact of the exchange of KKR Holdings units to KKR & Co. L.P. common units(c)		(333,028	)		(259,888	)		(140,384	)
	Equity based compensation		192,805			337,330			453,604
	Capital contributions		31,553			31,477			38,979
	Capital distributions		(809,445	)		(582,044	)		(533,294	)
	Balance at the end of the period	$	5,116,761		$	4,981,864		$	4,342,157
	(a)
	Refer to the table below for calculation of Net income (loss) attributable to noncontrolling interests held by KKR Holdings.
	(b)
	Calculated on a pro rata basis based on the weighted average KKR Group Partnership Units held by KKR Holdings during the reporting period.
	(c)
	Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. L.P. common units pursuant to the exchange agreement during the reporting period. The exchange agreement provides for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. L.P. common units.
	Net income (loss) attributable to KKR & Co. L.P. after allocation to noncontrolling interests held by KKR Holdings, with the exception of certain tax assets and liabilities that are directly allocable to KKR Management Holdings Corp., is attributed based on the percentage of the weighted average KKR Group Partnership Units held by KKR and KKR Holdings, each of which hold equity of the KKR Group Partnerships. However, primarily because of the (i) contribution of certain expenses borne entirely by KKR Holdings, (ii) the periodic exchange of KKR Holdings units for KKR & Co. L.P. common units pursuant to the exchange agreement and (iii) the contribution of certain expenses borne entirely by KKR associated with the KKR & Co. L.P. 2010 Equity Plan ("Equity Incentive Plan"), equity allocations shown in the consolidated statement of changes in equity differ from their respective pro-rata ownership interests in KKR's net assets.
	The following table presents Net income (loss) attributable to noncontrolling interests held by KKR Holdings:
		For the Years Ended December 31,
		2013			2012			2011
	Net income (loss)	$	7,854,228		$	8,028,244		$	876,486
	Less: Net income (loss) attributable to Redeemable Noncontrolling Interests		62,255			34,963			4,318
	Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities		6,044,621			6,315,705			684,895
	Plus: Income taxes attributable to KKR Management Holdings Corp.		15,387			28,599			75,465
	Net income (loss) attributable to KKR & Co. L.P. and KKR Holdings	$	1,762,739		$	1,706,175		$	262,738
	Net income (loss) attributable to noncontrolling interests held by KKR Holdings	$	1,056,126		$	1,116,740		$	185,352
Investments	'
	Investments
	Investments consist primarily of private equity, real assets, credit, equity method and other investments. Investments are carried at their estimated fair values, with unrealized gains or losses resulting from changes in fair value reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Investments denominated in currencies other than the U.S. dollar are valued based on the spot rate of the respective currency at the end of the reporting period with changes related to exchange rate movements reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Security and loan transactions are recorded on a trade date basis. Further disclosure on investments is presented in Note 4, "Investments."
	The following describes the types of securities held within each investment class.
	Private Equity—Consists primarily of equity investments in operating businesses.
	Real Assets—Consists primarily of investments in (i) oil and natural gas properties ("energy"), (ii) infrastructure assets, and (iii) residential and commercial real estate assets and businesses ("real estate").
	Credit—Consists primarily of investments in below investment grade corporate debt securities (primarily high yield bonds and syndicated bank loans), distressed and opportunistic debt and interests in collateralized loan obligations.
	Equity Method—Consists primarily of investments in which KKR has significant influence, including investments in unconsolidated investment funds.
	Other—Consists primarily of investments in common stock, preferred stock, warrants and options of companies that are not private equity, real assets, credit or equity method investments.
Fair Value Measurements	'
	Fair Value Measurements
	Investments and other financial instruments are measured and carried at fair value. The majority of investments and other financial instruments are held by the consolidated funds and vehicles. KKR's funds are, for GAAP purposes, investment companies and reflect their investments and other financial instruments at fair value. KKR has retained the specialized accounting for the consolidated funds and vehicles in consolidation. Accordingly, the unrealized gains and losses resulting from changes in fair value of the investments held by KKR's funds are reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations.
	For investments and other financial instruments that are not held in a consolidated fund or vehicle, KKR has elected the fair value option since these investments and other financial instruments are similar to those in the consolidated funds and vehicles. Such election is irrevocable and is applied on an investment by investment basis at initial recognition. Unrealized gains and losses resulting from changes in fair value are reflected as a component of Net Gains (Losses) from Investment Activities in the consolidated statements of operations. The methodology for measuring the fair value of such investments and other financial instruments is consistent with the methodologies applied to investments and other financial instruments that are held in consolidated funds and vehicles.
	The carrying amounts of Other Assets, Accounts Payable, Accrued Expenses and Other Liabilities recognized on the statements of financial condition (excluding Fixed Assets, Goodwill, Intangible Assets, contingent consideration and certain debt obligations) approximate fair value due to their short term maturities. Further information on Fixed Assets is presented in Note 7, "Other Assets and Accounts Payable, Accrued Expenses and Other Liabilities". Further information on Goodwill and Intangible Assets is presented in Note 14 "Goodwill and Intangible Assets." Further information on contingent consideration is presented in Note 13 "Acquisitions." KKR's debt obligations, except for KKR's 2020 and 2043 Senior Notes, bear interest at floating rates and therefore fair value approximates carrying value. Further information on KKR's 2020 and 2043 Senior Notes are presented in Note 8, "Debt Obligations." The fair value for KKR's 2020 and 2043 Senior Notes were derived using Level II inputs similar to those utilized in valuing credit investments.
	Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation techniques are applied. These valuation techniques involve varying levels of management estimation and judgment, the degree of which is dependent on a variety of factors. See Note 5, "Fair Value Measurements" for further information on KKR's valuation techniques that involve unobservable inputs. Assets and liabilities recorded at fair value in the statements of financial condition are categorized based upon the level of judgment associated with the inputs used to measure their value. Hierarchical levels, as defined under GAAP, are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets and liabilities. The hierarchical levels defined under GAAP are as follows:
	Level I
	Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. The type of investments and other financial instruments included in this category are publicly-listed equities and debt and securities sold short.
	Level II
	Inputs are other than quoted prices that are observable for the asset or liability, either directly or indirectly. Level II inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the asset or liability. The type of investments and other financial instruments included in this category are credit investments, convertible debt securities indexed to publicly-listed securities, and certain over-the-counter derivatives.
	Level III
	Inputs are unobservable for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The types of assets and liabilities generally included in this category are private portfolio companies, real assets investments and credit investments for which a sufficiently liquid trading market does not exist.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. KKR's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to the asset.
	A significant decrease in the volume and level of activity for the asset or liability is an indication that transactions or quoted prices may not be representative of fair value because in such market conditions there may be increased instances of transactions that are not orderly. In those circumstances, further analysis of transactions or quoted prices is needed, and a significant adjustment to the transactions or quoted prices may be necessary to estimate fair value.
	The availability of observable inputs can vary depending on the financial asset or liability and is affected by a wide variety of factors, including, for example, the type of instrument, whether the instrument has recently been issued, whether the instrument is traded on an active exchange or in the secondary market, and current market conditions. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by KKR in determining fair value is greatest for instruments categorized in Level III. The variability and availability of the observable inputs affected by the factors described above may cause transfers between Levels I, II, and III, which KKR recognizes at the beginning of the reporting period.
	Investments and other financial instruments that have readily observable market prices (such as those traded on a securities exchange) are stated at the last quoted sales price as of the reporting date. KKR does not adjust the quoted price for these investments, even in situations where KKR holds a large position and a sale could reasonably affect the quoted price.
	Management's determination of fair value is based upon the best information available for a given circumstance and may incorporate assumptions that are management's best estimates after consideration of a variety of internal and external factors.
	Level II Valuation Methodologies
	Financial assets and liabilities categorized as Level II consist primarily of securities indexed to publicly-listed securities and credit and other investments. Credit investments generally have bid and ask prices that can be observed in the marketplace. Bid prices reflect the highest price that KKR and others are willing to pay for an asset. Ask prices represent the lowest price that KKR and others are willing to accept for an asset. For financial assets and liabilities whose inputs are based on bid-ask prices obtained from third party pricing services, fair value may not always be a predetermined point in the bid-ask range. KKR's policy is generally to allow for mid-market pricing and adjusting to the point within the bid-ask range that meets KKR's best estimate of fair value. For securities indexed to publicly listed securities, such as convertible debt, the securities are typically valued using standard convertible security pricing models. The key inputs into these models that require some amount of judgment are the credit spreads utilized and the volatility assumed. To the extent the company being valued has other outstanding debt securities that are publicly-traded, the implied credit spread on the company's other outstanding debt securities would be utilized in the valuation. To the extent the company being valued does not have other outstanding debt securities that are publicly-traded, the credit spread will be estimated based on the implied credit spreads observed in comparable publicly-traded debt securities. In certain cases, an additional spread will be added to reflect an illiquidity discount due to the fact that the security being valued is not publicly-traded. The volatility assumption is based upon the historically observed volatility of the underlying equity security into which the convertible debt security is convertible and/or the volatility implied by the prices of options on the underlying equity security.
	Level III Valuation Methodologies
	Financial assets and liabilities categorized as Level III consist primarily of the following:
	Private Equity Investments:    KKR generally employs two valuation methodologies when determining the fair value of a private equity investment. The first methodology is typically a market comparables analysis that considers key financial inputs and recent public and private transactions and other available measures. The second methodology utilized is typically a discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in this methodology include the weighted average cost of capital for the investment and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. Other inputs are also used in both methodologies.
	Upon completion of the valuations conducted using these methodologies, a weighting is ascribed to each method, and an illiquidity discount is typically applied where appropriate. The ultimate fair value recorded for a particular investment will generally be within a range suggested by the two methodologies.
	When determining the weighting ascribed to each valuation methodology, KKR considers, among other factors, the availability of direct market comparables, the applicability of a discounted cash flow analysis and the expected hold period and manner of realization for the investment. These factors can result in different weightings among investments in the portfolio and in certain instances may result in up to a 100% weighting to a single methodology. Across the Level III private equity investment portfolio, approximately 84.7% of the fair value is derived from investments that are valued based exactly 50% on market comparables and 50% on a discounted cash flow analysis. Less than 5% of the fair value of the Level III private equity investment portfolio is derived from investments that are valued either based 100% on market comparables or 100% on a discounted cash flow analysis.
	When determining the illiquidity discount to be applied, KKR seeks to take a uniform approach across its portfolio and generally applies a minimum 5% discount to all private equity investments. KKR then evaluates such private equity investments to determine if factors exist that could make it more challenging to monetize the investment and, therefore, justify applying a higher illiquidity discount. These factors generally include (i) whether KKR is unable to sell the portfolio company or conduct an initial public offering of the portfolio company due to the consent rights of a third party or similar factors, (ii) whether the portfolio company is undergoing significant restructuring activity or similar factors and (iii) characteristics about the portfolio company regarding its size and/or whether the portfolio company is experiencing, or expected to experience, a significant decline in earnings. These factors generally make it less likely that a portfolio company would be sold or publicly offered in the near term at a price indicated by using just a market multiples and/or discounted cash flow analysis, and these factors tend to reduce the number of opportunities to sell an investment and/or increase the time horizon over which an investment may be monetized. Depending on the applicability of these factors, KKR determines the amount of any incremental illiquidity discount to be applied above the 5% minimum, and during the time KKR holds the investment, the illiquidity discount may be increased or decreased, from time to time, based on changes to these factors. The amount of illiquidity discount applied at any time requires considerable judgment about what a market participant would consider and is based on the facts and circumstances of each individual investment. Accordingly, the illiquidity discount ultimately considered by a market participant upon the realization of any investment may be higher or lower than that estimated by KKR in its valuations.
	Real Assets Investments:    For energy and infrastructure investments, KKR generally utilizes a discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in this methodology include the weighted average cost of capital for the investment and assumed inputs used to calculate terminal values, such as exit EBITDA multiples. For real estate investments, KKR generally utilizes a combination of direct income capitalization and discounted cash flow analysis, which incorporates significant assumptions and judgments. Estimates of key inputs used in these methodologies include an unlevered discount rate and terminal capitalization rate. The valuations of real assets investments also use other inputs. Certain investments in real estate and energy generally do not include a minimum illiquidity discount.
	Credit Investments:    Credit investments are valued using values obtained from dealers or market makers, and where these values are not available, credit investments are valued by KKR based on ranges of valuations determined by an independent valuation firm. Valuation models are based on discounted cash flow analyses, for which the key inputs are determined based on market comparables, which incorporate similar instruments from similar issuers.
	Other Investments:    KKR generally employs the same valuation methodologies as described above for private equity investments when valuing these other investments.
	Key unobservable inputs that have a significant impact on KKR's Level III investment valuations as described above are included in Note 5 "Fair Value Measurements." KKR utilizes several unobservable pricing inputs and assumptions in determining the fair value of its Level III investments. These unobservable pricing inputs and assumptions may differ by investment and in the application of KKR's valuation methodologies. KKR's reported fair value estimates could vary materially if KKR had chosen to incorporate different unobservable pricing inputs and other assumptions or, for applicable investments, if KKR only used either the discounted cash flow methodology or the market comparables methodology instead of assigning a weighting to both methodologies.
	Level III Valuation Process
	The valuation process involved for Level III measurements for private equity, real assets, credit, and other investments is completed on a quarterly basis and is designed to subject the valuation of Level III investments to an appropriate level of consistency, oversight, and review. KKR has a Private Markets valuation committee for private equity and real assets investments and a valuation committee for credit and other investments. The Private Markets valuation committee may be assisted by subcommittees for example in the valuation of real estate investments. Each of the Private Markets valuation committee and the credit valuation committee is assisted by a valuation team, which, except as noted below, is comprised only of employees who are not investment professionals responsible for preparing preliminary valuations or for oversight of any of the investments being valued. The valuation teams for energy, infrastructure and real estate investments contain investment professionals who participate in the preparation of preliminary valuations and oversight for those investments. The valuation committees and teams are responsible for coordinating and consistently implementing KKR's quarterly valuation policies, guidelines and processes. For Private Markets investments classified as Level III, investment professionals prepare preliminary valuations based on their evaluation of financial and operating data, company specific developments, market valuations of comparable companies and other factors. These preliminary valuations are reviewed with the investment professionals by the applicable valuation team and are also reviewed by an independent valuation firm engaged by KKR to perform certain procedures in order to assess the reasonableness of KKR's valuations for all Level III investments in Private Markets, except for certain investments other than KKR private equity investments. For most investments classified as Level III in Public markets, an independent valuation firm is generally engaged by KKR to provide third party valuations, or ranges of valuations from which KKR's investment professionals select a preliminary valuation, or a third party firm is generally engaged by KKR to perform certain procedures in order to assess the reasonableness of KKR's valuations. All preliminary valuations in Private Markets and Public Markets are then reviewed by the applicable valuation committee, and after reflecting any input by their respective valuation committees, the preliminary valuations are presented to the management committee. When these valuations are approved by this committee after reflecting any input from it, the valuations of Level III investments, as well as the valuations of Level I and Level II investments, are presented to the audit committee of KKR's board of directors and are then reported on to the board of directors.
Derivatives	'
	Derivatives
	Derivative contracts include forward, swap and option contracts related to foreign currencies and credit standing of reference entities to manage foreign exchange risk and credit risk arising from certain assets and liabilities. All derivatives are recognized in Other Assets or Accounts Payable, Accrued Expenses and Other Liabilities and are presented gross in the consolidated statements of financial condition and measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. KKR's derivative financial instruments contain credit risk to the extent that its counterparties may be unable to meet the terms of the agreements. KKR attempts to minimize this risk by limiting its counterparties to major financial institutions with strong credit ratings.
Securities Sold Short	'
	Securities Sold Short
	Whether part of a hedging transaction or a transaction in its own right, securities sold short represent obligations of KKR to deliver the specified security at the contracted price at a future point in time, and thereby create a liability to repurchase the security in the market at the prevailing prices. The liability for such securities sold short, which is recorded in Accounts Payable, Accrued Expenses and Other Liabilities in the statement of financial condition, is marked to market based on the current fair value of the underlying security at the reporting date with changes in fair value recorded as unrealized gains or losses in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. These transactions may involve market risk in excess of the amount currently reflected in the accompanying consolidated statements of financial condition.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	KKR considers all highly liquid short-term investments with original maturities of 90 days or less when purchased to be cash equivalents.
Cash and Cash Equivalents Held at Consolidated Entities	'
	Cash and Cash Equivalents Held at Consolidated Entities
	Cash and cash equivalents held at consolidated entities represents cash that, although not legally restricted, is not available to fund general liquidity needs of KKR as the use of such funds is generally limited to the investment activities of KKR's funds.
Restricted Cash and Cash Equivalents	'
	Restricted Cash and Cash Equivalents
	Restricted cash and cash equivalents primarily represent amounts that are held by third parties under certain of KKR's financing and derivative transactions.
Due from and Due to Affiliates	'
	Due from and Due to Affiliates
	For purposes of classifying amounts, KKR considers its principals and their related entities, unconsolidated funds and the portfolio companies of its funds to be affiliates. Receivables from and payables to affiliates are recorded at their current settlement amount.
Fixed Assets, Depreciation and Amortization	'
	Fixed Assets, Depreciation and Amortization
	Fixed assets consist primarily of leasehold improvements, furniture and computer hardware. Such amounts are recorded at cost less accumulated depreciation and amortization and are included in Other Assets within the accompanying consolidated statements of financial condition. Depreciation and amortization are calculated using the straight-line method over the assets' estimated economic useful lives, which for leasehold improvements are the lesser of the lease terms or the life of the asset, and three to seven years for other fixed assets.
Comprehensive Income	'
	Comprehensive Income
	Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, excluding those resulting from contributions from and distributions to owners. In the accompanying consolidated financial statements, comprehensive income represents Net Income (Loss), as presented in the consolidated statements of operations and net foreign currency translation adjustments.
Fees	'
	Fees
	Fees consist primarily of (i) transaction fees earned in connection with successful investment transactions and from capital markets activities, (ii) management and incentive fees from providing investment management services to unconsolidated funds, a specialty finance company, structured finance and other vehicles, and separately managed accounts, (iii) monitoring fees from providing services to portfolio companies, and (iv) consulting and other fees earned by consolidated entities from providing advisory and other services.
	For the years ended December 31, 2013, 2012 and 2011, fees consisted of the following:
		For the Years Ended
		December 31,
		2013			2012			2011
	Transaction Fees	$	287,387		$	237,089		$	343,249
	Management Fees		177,961			98,144			80,201
	Monitoring Fees		161,796			146,443			209,807
	Consulting and Other Fees		70,035			46,215			56,120
	Incentive Fees		65,367			40,551			34,243
	Total Fees	$	762,546		$	568,442		$	723,620
	Substantially all fees presented in the table above are earned from affiliates.
	Transaction Fees
	Transaction fees are earned by KKR primarily in connection with successful investment transactions and capital markets activities. Transaction fees are recognized upon closing of the transaction. Fees are typically paid on or around the closing of a transaction.
	In connection with pursuing successful portfolio company investments, KKR receives reimbursement for certain transaction-related expenses. Transaction-related expenses, which are reimbursed by third parties, are typically deferred until the transaction is consummated and are recorded in Other Assets on the consolidated statements of financial condition on the date incurred. The costs of successfully completed transactions are borne by the KKR Funds and included as a component of the investment's cost basis. Subsequent to closing, investments are recorded at fair value each reporting period as described in the section above titled "Investments". Upon reimbursement from a third party, the cash receipt is recorded and the deferred amounts are relieved. No fees or expenses are recorded for these reimbursements.
	Management Fees
	Management fees are earned by KKR for management services provided to private equity funds, a specialty finance company, structured finance vehicles and other investment vehicles which are recognized in the period during which the related services are performed in accordance with the contractual terms of the related agreement. Management fees earned from private equity funds and certain investment vehicles are based upon a percentage of capital committed during the investment period, and thereafter based on remaining invested capital. For certain other investment vehicles, structured finance vehicles, separately managed accounts and a specialty finance vehicle, management fees are recognized in the period during which the related services are performed and are based upon the net asset value, gross assets or as otherwise defined in the respective agreements.
	Management fees received from KKR's consolidated funds and vehicles are eliminated in consolidation. However, because these amounts are funded by, and earned from, noncontrolling interests, KKR's allocated share of the net income from KKR's consolidated funds and vehicles is increased by the amount of fees that are eliminated. Accordingly, the elimination of these fees does not have an effect on the net income (loss) attributable to KKR or KKR partners' capital.
	Monitoring Fees
	Monitoring fees are earned by KKR for services provided to portfolio companies and are recognized as services are rendered. These fees are generally paid based on a fixed periodic schedule by the portfolio companies either in advance or in arrears and are separately negotiated for each portfolio company.
	In connection with the monitoring of portfolio companies and certain unconsolidated funds, KKR receives reimbursement for certain expenses incurred on behalf of these entities. Costs incurred in monitoring these entities are classified as general, administrative and other expenses and reimbursements of such costs are classified as monitoring fees. In addition, certain monitoring fee provisions may provide for a termination payment following an initial public offering or change of control. These termination payments are recognized in the period when the related transaction closes.
	Consulting and Other Fees
	Consulting and other fees are earned by certain consolidated entities from providing advisory and other services to portfolio companies and other companies and are recognized as the services are rendered. These fees are separately negotiated with each company for which services are provided.
Private Equity Funds	'
	Private Equity Funds
	For KKR's consolidated and unconsolidated private equity funds, gross management fees generally range from 1% to 2% of committed capital during the fund's investment period and is generally 0.75% of invested capital after the expiration of the fund's investment period with subsequent reductions over time. Typically, an investment period is defined as a period of up to six years. The actual length of the investment period may be shorter based on the timing and deployment of committed capital.
	Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from limited partners in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund's limited partners is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. The refunds to the limited partners are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover all or a portion of the amount that represents 20% of the earned cash management fees, these fees would not be returned to the funds' limited partners, in accordance with the respective fund agreements.
KKR Financial Holdings LLC ("KFN")	'
	KKR Financial Holdings LLC ("KFN")
	KKR's management agreement with KFN entitles KKR to a base management fee computed and payable monthly in arrears, based on an annual rate of 1.75% of adjusted equity, which is an amount defined in the management agreement.
	Structured Finance Vehicles
	KKR's management agreements for its structured finance vehicles provide for senior collateral management fees and subordinate collateral management fees. Senior collateral management fees are determined based on an annual rate ranging from 0.15% to 0.20% of collateral and subordinate collateral management fees are determined based on an annual rate ranging from 0.30% to 0.35% of collateral. If amounts distributable on any payment date are insufficient to pay the collateral management fees according to the priority of payments, any shortfall is deferred and payable on subsequent payment dates. KKR has the right to waive all or any portion of any collateral management fee. As of December 31, 2013, KKR has permanently waived $189.0 million of collateral management fees. KKR generally waives the collateral management fees for the majority of its structured finance vehicles; however, KKR may cease waiving collateral management fees at its discretion. For the purpose of calculating the collateral management fees, collateral, the payment dates, and the priority of payments are terms defined in the management agreements.
	Other Investment Vehicles
	Certain other investment vehicles that invest capital in credit and hedge fund strategies provide for management fees determined quarterly based on an annual rate generally ranging from 0.5% to 1.5%. Such rate may be based on the investment vehicles average net asset value, capital commitments, or invested capital.
Incentive Fees	'
	Incentive Fees
	KFN
	KKR's management agreement with KFN entitles KKR to quarterly incentive fees. KKR records the KFN performance-based incentive fee, if any, when the performance-based incentive fee becomes fixed and determinable, which is quarterly. The quarterly incentive fee is an amount equal to the product of (i) 25% of the dollar amount by which: (a) KFN's net income, before incentive compensation, per weighted average share of KFN's common shares for such quarter, exceeds (b) an amount equal to (A) the weighted average of the price per share of the common stock of KFN in its August 2004 private placement and the prices per share of the common stock of KFN in its initial public offering and any subsequent offerings by KFN multiplied by (B) the greater of (1) 2.00% and (2) 0.50% plus one-fourth of the ten year treasury rate for such quarter, multiplied by (ii) the weighted average number of KFN's common shares outstanding in such quarter. The incentive fee is paid quarterly in arrears and is not subject to any hurdle or clawback provisions.
	Hedge Fund Structures
	Incentive fees earned on the performance of certain hedge fund structures are recognized based on fund performance, subject to the achievement of minimum return levels, and/or high water marks, in accordance with the respective terms set out in each fund's governing agreements. Incentive fee rates generally range from 5% to 20%. KKR does not record performance-based incentive fees until the end of each fund's measurement period (which is generally one year) when the performance-based incentive fees become fixed and determinable.
Investment Income	'
	Investment Income
	Investment income consists primarily of the net impact of: (i) realized and unrealized gains and losses on investments which are recorded in Net Gains (Losses) from Investment Activities, (ii) dividends, (iii) interest income, (iv) interest expense and (v) foreign exchange gains and losses relating to mark-to-market activity on foreign exchange forward contracts, foreign currency options and foreign denominated debt which are recorded in net gains (losses) from investment activities. Unrealized gains or losses result from changes in fair value of investments during the period and are included in Net Gains (Losses) from Investment Activities. Upon disposition of an investment, previously recognized unrealized gains or losses are reversed and a realized gain or loss is recognized.
	Dividend Income
	Dividend income is recognized by KKR on the ex-dividend date, or in the absence of a formal declaration, on the date it is received. For the years ended December 31, 2013, 2012 and 2011, the majority of dividends were earned by KKR's consolidated funds and vehicles.
	Interest Income
	Interest income is recognized as earned. For the years ended December 31, 2013, 2012 and 2011, the majority of interest income was earned by KKR's consolidated funds and vehicles.
	Interest Expense
	Interest expense is incurred from debt issued by KKR, credit facilities entered into by KKR and debt outstanding at the KKR funds and vehicles entered into with the objective of enhancing returns or managing cash flow, which are not direct obligations of the general partners of the KKR funds or management companies. In addition to these interest costs, KKR capitalizes debt financing costs incurred in connection with new debt arrangements. Such costs are amortized into interest expense using either the interest method or the straight-line method, as appropriate.
Compensation and Benefits	'
	Compensation and Benefits
	Compensation and Benefits expense includes cash compensation consisting of salaries, bonuses, and benefits, as well as equity based compensation consisting of charges associated with the vesting of equity-based awards and carry pool allocations.
	All KKR principals and other employees of certain consolidated entities receive a base salary that is paid by KKR or its consolidated entities, and is accounted for as Compensation and Benefits expense in the consolidated statements of operations. These employees are also eligible to receive discretionary cash bonuses based on performance, overall profitability and other matters. While cash bonuses paid to most employees are borne by KKR and certain consolidated entities and result in customary compensation and benefits expense, cash bonuses that are paid to certain of KKR's principals are currently borne by KKR Holdings. These bonuses are funded with distributions that KKR Holdings receives on KKR Group Partnership Units held by KKR Holdings but are not then passed on to holders of unvested units of KKR Holdings. Because KKR principals are not entitled to receive distributions on units that are unvested, any amounts allocated to principals in excess of a principal's vested equity interests are reflected as employee compensation and benefits expense. These compensation charges are recorded based on the unvested portion of quarterly earnings distributions received by KKR Holdings at the time of the distribution.
	Further disclosure regarding equity based compensation is presented in Note 10 "Equity Based Compensation."
Profit Sharing Plan	'
	Profit Sharing Plan
	KKR provides certain profit sharing programs for KKR employees and other eligible personnel. In particular, KKR provides a 401(k) plan (the "Plan") for eligible employees in the United States. For certain professionals who are participants in the Plan, KKR may, in its discretion, contribute an amount after the end of the Plan year. For the years ended December 31, 2013, 2012 and 2011, KKR incurred expenses of $7.7 million, $6.5 million and $6.0 million, respectively, in connection with the Plan.
Carry Pool Allocation	'
	Carry Pool Allocation
	With respect to KKR's active and future funds and co-investment vehicles that provide for carried interest, KKR allocates to its principals and other professionals a portion of the carried interest earned in relation to these funds as part of its carry pool. KKR currently allocates approximately 40% of the carry it earns from these funds and vehicles to its carry pool. These amounts are accounted for as compensatory profit-sharing arrangements in Accounts Payable, Accrued Expenses and Other Liabilities within the accompanying consolidated statements of financial condition in conjunction with the related carried interest income and recorded as compensation expense for KKR employees and general, administrative and other expense for certain non-employee consultants and service providers in the consolidated statements of operations. See Note 12 "Segment Reporting" for the amount of carry pool allocation expense recognized for the years ended December 31, 2013, 2012 and 2011.
Carried Interest	'
	Carried Interest
	Carried interest entitles the general partner of a fund to a greater allocable share of the fund's earnings from investments relative to the capital contributed by the general partner and correspondingly reduces noncontrolling interests' attributable share of those earnings. Amounts earned pursuant to carried interest are included as investment income (loss) in Net Gains (Losses) from Investment Activities in the consolidated statements of operations and are earned by the general partner of those funds to the extent that cumulative investment returns are positive and where applicable, preferred return thresholds have been met. If these investment returns decrease or turn negative in subsequent periods, recognized carried interest will be reversed and reflected as investment losses in Net Gains (Losses) from Investment Activities in the consolidated statements of operations. Carried interest is recognized based on the contractual formula set forth in the agreements governing the fund as if the fund was terminated at the reporting date with the then estimated fair values of the investments realized. Due to the extended durations of KKR's private equity funds and other investment vehicles, KKR believes that this approach results in income recognition that best reflects the periodic performance of KKR in the management of those funds. For funds that are consolidated, all investment income (loss), including the portion of a funds' investment income (loss) that is allocable to KKR's carried interest, is included in investment income (loss) on the consolidated statements of operations. The carried interest that KKR retains in net income (loss) attributable to KKR & Co. L.P. is reflected as an adjustment to net income (loss) attributable to noncontrolling interests. See Note 12 "Segment Reporting" for the amount of carried interest income earned or reversed for years ended December 31, 2013, 2012 and 2011.
	The agreements governing KKR's private equity funds generally include a "clawback" or, in certain instances, a "net loss sharing" provision that, if triggered, may give rise to a contingent obligation that may require the general partner to return or contribute amounts to the fund for distribution to fund investors at the end of the life of the fund. See Note 15 "Commitments and Contingencies".
General, Administrative and Other	'
	General, Administrative and Other
	General, administrative and other expense consists primarily of professional fees paid to legal advisors, accountants, advisors and consultants, insurance costs, travel and related expenses, communications and information services, depreciation and amortization charges and costs incurred in connection with pursuing potential investments that do not result in completed transactions.
Foreign Currency	'
	Foreign Currency
	Consolidated entities which have a functional currency that differs from KKR's reporting currency are primarily KKR's management and capital markets companies located outside the United States. Foreign currency denominated assets and liabilities are translated using the exchange rates prevailing at the end of each reporting period. Results of foreign operations are translated at the weighted average exchange rate for each reporting period. Translation adjustments are included as a component of accumulated other comprehensive income (loss) until realized. Foreign currency income or expenses resulting from transactions outside of the functional currency of a consolidated entity are recorded as incurred in general, administrative and other expense in the consolidated statements of operations.
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit	'
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit
	Basic Net Income (Loss) Attributable to KKR & Co. L.P. per common unit is calculated by dividing Net Income (Loss) attributable to KKR & Co. L.P. by the weighted average number of common units outstanding during the period.
	Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per common unit is calculated by dividing Net Income (Loss) attributable to KKR & Co. L.P. by the weighted average number of common units outstanding during the period increased to include the number of additional common units that would have been outstanding if dilutive potential common units had been issued.
	Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per common unit excludes KKR Holdings units which are exchangeable on a one-for-one basis into common units of KKR & Co. L.P. The KKR Holdings units are excluded from the diluted calculation since the exchange of these units would proportionally increase KKR & Co. L.P.'s interests in the KKR Group Partnerships and would have an anti-dilutive effect on earnings per common unit as a result of certain tax benefits KKR & Co. L.P. is assumed to receive upon the exchange.
	Diluted Net Income (Loss) Attributable to KKR & Co. L.P. per common unit include unvested equity awards that have been granted under the KKR & Co. L.P. 2010 Equity Incentive Plan ("Equity Incentive Plan") since these equity awards dilute KKR and KKR Holdings pro rata in accordance with their respective percentage interests in the KKR Group Partnerships.
	Further disclosure regarding Net Income (Loss) Attributable to KKR & Co. L.P. per common unit is presented in Note 6 "Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit."
Income Taxes	'
	Income Taxes
	The consolidated entities of KKR are generally treated as partnerships or disregarded entities for U.S. and non-U.S. tax purposes. However, certain consolidated subsidiaries are treated as corporations for U.S. and non-U.S tax purposes and are therefore subject to U.S. federal, state and/or local income taxes at the entity-level. In addition, certain consolidated entities which are treated as partnerships for U.S. tax purposes are subject to the New York City Unincorporated Business Tax or other local taxes.
	Income taxes are accounted for using the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized in income in the period when the change is enacted. Deferred tax assets, which are recorded in Other Assets within the statement of financial condition, are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	For a particular tax-paying component of an entity and within a particular tax jurisdiction, deferred tax assets and liabilities are offset and presented as a single amount within Other Assets or Accounts Payable, Accrued and Other Liabilities, as applicable, in the accompanying statements of financial position.
	KKR analyzes its tax filing positions in all of the U.S. federal, state, local and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, KKR determines that uncertainties in tax positions exist, a reserve is established. KKR recognizes accrued interest and penalties related to uncertain tax positions within the provision for income taxes in the consolidated statements of operations.
	KKR records uncertain tax positions on the basis of a two-step process: (a) determination is made whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (b) those tax positions that meet the more-likely-than-not threshold are recognized as the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Tax Receivable Agreement	'
	Tax Receivable Agreement
	KKR and certain intermediate holding companies that are taxable corporations for U.S. federal, state and local income tax purposes, may be required to acquire KKR Group Partnership Units from time to time pursuant to the exchange agreement with KKR Holdings. KKR Management Holdings L.P. made an election under Section 754 of the Internal Revenue Code that will remain in effect for each taxable year in which an exchange of KKR Group Partnership Units for common units occurs, which may result in an increase in KKR's intermediate holding companies' share of the tax basis of the assets of the KKR Group Partnerships at the time of an exchange of KKR Group Partnership Units. Certain of these exchanges are expected to result in an increase in KKR's intermediate holding companies' share of the tax basis of the tangible and intangible assets of the KKR Group Partnerships, primarily attributable to a portion of the goodwill inherent in KKR's business that would not otherwise have been available. This increase in tax basis may increase depreciation and amortization deductions for tax purposes and therefore reduce the amount of income tax KKR's intermediate holding companies would otherwise be required to pay in the future. This increase in tax basis may also decrease gain (or increase loss) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets.
	KKR has entered into a tax receivable agreement with KKR Holdings, which requires KKR's intermediate holding companies to pay to KKR Holdings, or to executives who have exchanged KKR Holdings units for KKR common units (as transferees of KKR Group Partnership Units), 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax that the intermediate holding companies realize as a result of the increase in tax basis described above, as well as 85% of the amount of any such savings the intermediate holding companies realize as a result of increases in tax basis that arise due to future payments under the agreement. A termination of the agreement or a change of control could give rise to similar payments based on tax savings that KKR would be deemed to realize in connection with such events. In the event that other of KKR's current or future subsidiaries become taxable as corporations and acquire KKR Group Partnership Units in the future, or if KKR becomes taxable as a corporation for U.S. federal income tax purposes, KKR expects that each will become subject to a tax receivable agreement with substantially similar terms.
	These payment obligations are obligations of KKR's intermediate holding companies and not the KKR Group Partnerships and are recorded within Due to Affiliates in the accompanying consolidated statements of financial condition. As such, cash payments received by common unitholders may vary from those received by current and former holders of KKR Group Partnership Units held by KKR Holdings and KKR's current and former principals to the extent payments are made to those parties under the tax receivable agreement. Payments made under the tax receivable agreement are required to be made within 90 days of the filing of the tax returns of KKR's intermediate holding companies which may result in a timing difference between the tax savings received by KKR's intermediate holdings companies and the cash payments made to the selling holders of KKR Group Partnership Units.
	For the years ended December 31, 2013, 2012 and 2011, cash payments that have been made under the tax receivable agreement were $4.7 million, $2.7 million and $0.2 million, respectively. KKR expects its intermediate holding companies to benefit from the remaining 15% of cash savings, if any, in income tax that they realize. As of December 31, 2013, $1.3 million of cumulative income tax savings have been realized.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	Disclosures About Offsetting Assets and Liabilities
	In December 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2011-11, "Disclosures about Offsetting Assets and Liabilities" ("ASU 2011-11"), which requires entities to disclose information about offsetting and related arrangements of financial instruments and derivative instruments. In February 2013, the FASB issued ASU 2013-01, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements established by ASU 2011-11. ASU 2011-11 was effective for KKR's fiscal year beginning January 1, 2013 and was applied retrospectively. The adoption of this guidance did not have a material impact on KKR's financial statements.
	Goodwill Impairment Testing
	In July 2012, the FASB issued ASU 2012-02, "Intangibles—Goodwill and Other," which provides the option to perform a qualitative, rather than quantitative, assessment to determine whether it is more likely than not an indefinite-lived intangible asset is impaired. If the asset is considered impaired, an entity is required to perform the quantitative assessment under the existing guidance. The guidance was effective for KKR's fiscal year beginning January 1, 2013. The adoption of this guidance, which is intended to simplify the impairment testing, did not have a material impact on KKR's financial statements.
	Disclosures About Reclassification Adjustments Out of Accumulated Other Comprehensive Income
	In February 2013, the FASB issued ASU 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income ("AOCI")," which requires entities to disclose additional information about reclassification adjustments, including: (i) changes in AOCI balances by component and (ii) significant items reclassified out of AOCI. ASU 2013-02 was effective for KKR's fiscal year beginning January 1, 2013. The adoption of this guidance, which is related to disclosure only, did not have a material impact on KKR's financial statements. With respect to KKR, AOCI is comprised of only one component, foreign currency translation adjustments and for the years ended December 31, 2013, 2012 and 2011, there were no items reclassified out of AOCI. See KKR's consolidated statements of comprehensive income and changes in equity.
	Foreign Currency Matters
	In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters," which indicates that the entire amount of a cumulative translation adjustment ("CTA") related to an entity's investment in a foreign entity should be released when there has been a (i) sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity, (ii) loss of a controlling financial interest in an investment in a foreign entity, or (iii) step acquisition for a foreign entity. This guidance is effective for KKR's fiscal year beginning January 1, 2014, and is to be applied prospectively. The adoption of this guidance is not expected to have a material impact on KKR's financial statements.
	Amendments to Investment Company Scope, Measurement, and Disclosures
	In June 2013, the FASB issued ASU 2013-08, Financial Services—Investment Companies Topic 946 ("ASU 2013-08") which amends the scope, measurement, and disclosure requirements for investment companies. ASU 2013-08 (i) amends the criteria for an entity to qualify as an investment company, (ii) requires an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting, and (iii) introduces new disclosures. This guidance is effective for KKR's fiscal year beginning January 1, 2014. Earlier application is prohibited. The adoption of this guidance is not expected to have a material impact on KKR's financial results and consolidated financial statements.

ORGANIZATION_Tables

ORGANIZATION (Tables)	12 Months Ended
	Dec. 31, 2013
ORGANIZATION	'
Schedule of effect of changes in ownership interest in the KKR Group Partnerships on KKR & Co. L.P.'s equity	'
		For the Years Ended December 31,
		2013		2012		2011
	Net income (loss) attributable to KKR & Co. L.P.	$	691,226	$	560,836	$	1,921
	Transfers from noncontrolling interests:
	Exchange of KKR Group Partnership units held by KKR Holdings L.P.(a)		341,410		263,199		141,863
	Change from net income (loss) attributable to KKR & Co. L.P. and transfers from noncontrolling interests held by KKR Holdings	$	1,032,636	$	824,035	$	143,784
	(a)
	Increase in KKR & Co. L.P. partners' capital for exchange of 28,184,258, 23,660,959 and 14,023,094 for the years ended December 31, 2013, 2012 and 2011, respectively, KKR Group Partnership units held by KKR Holdings L.P., inclusive of deferred taxes.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of maximum exposure to loss, before allocations to the carry pool for VIEs in which the entity is not determined to be the primary beneficiary	'
		December 31, 2013			December 31, 2012
	Investments	$	209,525		$	188,408
	Due from Affiliates, net		5,105			2,266
	Maximum Exposure to Loss	$	214,630		$	190,674
Schedule of calculation of noncontrolling interests held by KKR Holdings	'
		For the Years Ended December 31,
		2013			2012			2011
	Balance at the beginning of the period	$	4,981,864		$	4,342,157		$	4,346,388
	Net income (loss) attributable to noncontrolling interests held by KKR Holdings(a)		1,056,126			1,116,740			185,352
	Other comprehensive income (loss), net of tax(b)		(3,114	)		(3,908	)		(8,488	)
	Impact of the exchange of KKR Holdings units to KKR & Co. L.P. common units(c)		(333,028	)		(259,888	)		(140,384	)
	Equity based compensation		192,805			337,330			453,604
	Capital contributions		31,553			31,477			38,979
	Capital distributions		(809,445	)		(582,044	)		(533,294	)
	Balance at the end of the period	$	5,116,761		$	4,981,864		$	4,342,157
	(a)
	Refer to the table below for calculation of Net income (loss) attributable to noncontrolling interests held by KKR Holdings.
	(b)
	Calculated on a pro rata basis based on the weighted average KKR Group Partnership Units held by KKR Holdings during the reporting period.
	(c)
	Calculated based on the proportion of KKR Holdings units exchanged for KKR & Co. L.P. common units pursuant to the exchange agreement during the reporting period. The exchange agreement provides for the exchange of KKR Group Partnership Units held by KKR Holdings for KKR & Co. L.P. common units.
Schedule of net income (loss) attributable to noncontrolling interests held by KKR Holdings	'
		For the Years Ended December 31,
		2013			2012			2011
	Net income (loss)	$	7,854,228		$	8,028,244		$	876,486
	Less: Net income (loss) attributable to Redeemable Noncontrolling Interests		62,255			34,963			4,318
	Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities		6,044,621			6,315,705			684,895
	Plus: Income taxes attributable to KKR Management Holdings Corp.		15,387			28,599			75,465
	Net income (loss) attributable to KKR & Co. L.P. and KKR Holdings	$	1,762,739		$	1,706,175		$	262,738
	Net income (loss) attributable to noncontrolling interests held by KKR Holdings	$	1,056,126		$	1,116,740		$	185,352
Schedule of fees	'
		For the Years Ended
		December 31,
		2013			2012			2011
	Transaction Fees	$	287,387		$	237,089		$	343,249
	Management Fees		177,961			98,144			80,201
	Monitoring Fees		161,796			146,443			209,807
	Consulting and Other Fees		70,035			46,215			56,120
	Incentive Fees		65,367			40,551			34,243
	Total Fees	$	762,546		$	568,442		$	723,620

NET_GAINS_LOSSES_FROM_INVESTME1

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2013
NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES	'
Schedule of total net gains (losses) from investment activities	'
		For the Years Ended December 31,
		2013						2012						2011
		Net Realized			Net Unrealized			Net Realized			Net Unrealized			Net Realized			Net Unrealized
		Gains (Losses)			Gains (Losses)			Gains (Losses)			Gains (Losses)			Gains (Losses)			Gains (Losses)
	Private Equity(a)	$	3,664,219		$	4,052,553		$	4,947,661		$	2,988,494		$	2,666,311		$	(2,046,989	)
	Credit and Other(a)		307,269			128,794			125,122			203,917			(3,742	)		(121,202	)
	Real Assets(a)		15,868			(64,667	)		54,724			(309,620	)		584,862			(247,736	)
	Equity Method(a)		44,148			53,958			115,709			37,149			21,270			29,107
	Foreign Exchange Forward Contracts(b)		17,760			(232,913	)		30,993			(205,752	)		16,866			55,238
	Foreign Currency Options(b)		—			(2,881	)		(28,305	)		29,825			—			(12,352	)
	Securities Sold Short(b)		(105,513	)		(19,205	)		(31,557	)		(4,978	)		25,609			7,942
	Other Derivatives		(24,223	)		(2,030	)		(11,746	)		(9,322	)		4,373			490
	Contingent Carried Interest Repayment Guarantee(c)		—			—			—			(55,937	)		—			—
	Foreign Exchange Gains (Losses)(d)		(10,096	)		3,041			63			(4,767	)		1,811			—
	Total Net Gains (Losses) from Investment Activities	$	3,909,432		$	3,916,650		$	5,202,664		$	2,669,009		$	3,317,360		$	(2,335,502	)
	(a)
	See Note 4 "Investments."
	(b)
	See Note 7 "Other Assets and Accounts Payable, Accrued Expenses and Other Liabilities."
	(c)
	See Note 15 "Commitments and Contingencies."
	(d)
	Foreign Exchange Gains (Losses) includes foreign exchange gains (losses) on debt obligations, cash and cash equivalents, and cash and cash equivalents held at consolidated entities.

INVESTMENTS_Tables

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
INVESTMENTS	'
Summary of investments	'
		Fair Value				Cost
		December 31, 2013		December 31, 2012		December 31, 2013		December 31, 2012
	Private Equity	$	37,439,659	$	34,114,623	$	27,613,803	$	28,336,315
	Credit		5,023,253		3,396,067		4,841,913		3,266,846
	Real Assets		2,789,639		1,775,683		4,945,958		3,861,792
	Equity Method		546,422		200,831		310,709		20,847
	Other		1,584,724		1,210,644		1,485,417		1,161,569
	Total Investments	$	47,383,697	$	40,697,848	$	39,197,800	$	36,647,369
Schedule of information about the private equity investments balance, categorized by industry	'
		Fair Value
		December 31, 2013		December 31, 2012
	Health Care	$	8,480,933	$	7,708,080
	Technology		5,192,488		4,566,236
	Retail		4,582,846		4,970,092
	Manufacturing		4,459,220		3,240,474
	Consumer Products		3,795,851		3,557,963
	Other		10,928,321		10,071,778
		$	37,439,659	$	34,114,623

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
Schedule of investments and other financial instruments measured at fair value	'
	Assets, at fair value:
		December 31, 2013
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable Inputs
		Identical Assets			(Level II)			(Level III)
		(Level I)
	Private Equity	$	7,244,643		$	548,545		$	29,646,471		$	37,439,659
	Credit		—			3,078,789			1,944,464			5,023,253
	Real Assets		52,931			—			2,736,708			2,789,639
	Other		943,976			292,262			348,486			1,584,724
	Total		8,241,550			3,919,596			34,676,129			46,837,275
	Foreign Exchange Forward Contracts		—			85,750			—			85,750
	Foreign Currency Options		—			3,340			—			3,340
	Other Derivatives		—			5,080			—			5,080
	Total Assets	$	8,241,550		$	4,013,766		$	34,676,129		$	46,931,445
		December 31, 2012
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable Inputs
		Identical Assets			(Level II)			(Level III)
		(Level I)
	Private Equity	$	8,015,680		$	364,543		$	25,734,400		$	34,114,623
	Credit		—			1,809,021			1,587,046			3,396,067
	Real Assets		—			—			1,775,683			1,775,683
	Other		648,108			323,306			239,230			1,210,644
	Total		8,663,788			2,496,870			29,336,359			40,497,017
	Foreign Exchange Forward Contracts		—			137,786			—			137,786
	Foreign Currency Options		—			4,992			—			4,992
	Other Derivatives		—			882			—			882
	Total Assets	$	8,663,788		$	2,640,530		$	29,336,359		$	40,640,677
	Liabilities, at fair value:
		December 31, 2013
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable
		Identical Assets			(Level II)			Inputs
		(Level I)						(Level III)
	Securities Sold Short	$	624,653		$	51,491		$	—		$	676,144
	Foreign Currency Options		—			4,591			—			4,591
	Foreign Exchange Forward Contracts		—			410,191			—			410,191
	Unfunded Revolver Commitments		—			1,902			—			1,902
	Other Derivatives		—			14,177			—			14,177
	Total Liabilities	$	624,653		$	482,352		$	—		$	1,107,005
		December 31, 2012
		Quoted Prices in			Significant Other			Significant			Total
		Active Markets for			Observable Inputs			Unobservable
		Identical Assets			(Level II)			Inputs
		(Level I)						(Level III)
	Securities Sold Short	$	321,977		$	28,376		$	—		$	350,353
	Foreign Currency Options		—			3,362			—			3,362
	Foreign Exchange Forward Contracts		—			229,314			—			229,314
	Unfunded Revolver Commitments		—			2,568			—			2,568
	Other Derivatives		—			3,751			—			3,751
	Total Liabilities	$	321,977		$	267,371		$	—		$	589,348
Schedule of changes in private equity, credit, real assets and other investments measured and reported at fair value for which Level III inputs have been used to determine fair value	'
		For the Year Ended December 31, 2013
		Private			Credit			Real Assets			Other			Total Level III Investments
		Equity
	Balance, Beginning of Period	$	25,734,400		$	1,587,046		$	1,775,683		$	239,230		$	29,336,359
	Transfers In(1)		—			109,568			—			34,978			144,546
	Transfers Out(2)		(2,817,295	)		(272,819	)		—			(23,304	)		(3,113,418	)
	Purchases		4,016,510			1,189,531			1,083,682			144,884			6,434,607
	Sales		(1,100,900	)		(791,278	)		(65,545	)		(69,866	)		(2,027,589	)
	Settlements		—			90,095			—			—			90,095
	Net Realized Gains (Losses)		683,636			34,320			14,930			(6,835	)		726,051
	Net Unrealized Gains (Losses)		3,130,120			(1,999	)		(72,042	)		29,399			3,085,478
	Balance, End of Period	$	29,646,471		$	1,944,464		$	2,736,708		$	348,486		$	34,676,129
	Changes in Net Unrealized Gains (Losses) Included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign- denominated investments) related to Investments still held at Reporting Date	$	3,738,140		$	71,355		$	(36,676	)	$	23,915		$	3,796,734
		For the Year Ended December 31, 2012
		Private			Credit			Real Assets			Other			Total Level III Investments
		Equity
	Balance, Beginning of Period	$	20,384,253		$	1,016,759		$	1,526,732		$	96,179		$	23,023,923
	Transfers In(1)		—			37,157			—			1,061			38,218
	Transfers Out(2)		(219,462	)		(68,099	)		—			(613	)		(288,174	)
	Purchases		2,100,217			686,032			558,246			154,468			3,498,963
	Sales		(2,671,329	)		(155,788	)		(54,419	)		(61,428	)		(2,942,964	)
	Settlements		—			23,164			—			—			23,164
	Net Realized Gains (Losses)		1,353,002			10,437			54,419			28,581			1,446,439
	Net Unrealized Gains (Losses)		4,787,719			37,384			(309,295	)		20,982			4,536,790
	Balance, End of Period	$	25,734,400		$	1,587,046		$	1,775,683		$	239,230		$	29,336,359
	Changes in Net Unrealized Gains (Losses) Included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign- denominated investments) related to Investments still held at Reporting Date	$	5,895,269		$	43,421		$	(268,179	)	$	43,485		$	5,713,996
	-1
	The Transfers In noted in the tables above for credit and other investments are principally attributable to certain investments that experienced an insignificant level of market activity during the period and thus were valued in the absence of observable inputs.
	-2
	The Transfers Out noted in the tables above for private equity investments are attributable to portfolio companies that are now valued using their publicly traded market price. The Transfers Out noted above for credit and other investments are principally attributable to certain investments that experienced a higher level of market activity during the period and thus were valued using observable inputs.
Summary of valuation methodologies used for assets, measured at fair value and categorized within Level III	'
		Fair Value			Valuation		Unobservable Input(s)(1)		Weighted			Range		Impact to
		December 31,			Methodologies				Average(2)					Valuation
		2013												from an
														Increase in
														Input(3)
	Private Equity Investments	$	29,646,471
	Healthcare	$	6,555,714		Inputs to both market comparable		Illiquidity Discount			7	%	5% - 15%			Decrease
					and discounted cash flow		Weight Ascribed to Market Comparables			50	%	50% - 50%				-4
							Weight Ascribed to Discounted Cash Flow			50	%	50% - 50%				-5
					Market comparables		Enterprise Value/LTM EBITDA Multiple			11x		10x - 13x			Increase
							Enterprise Value/Forward EBITDA Multiple			11x		9x - 12x			Increase
					Discounted cash flow		Weighted Average Cost of Capital			9	%	8% - 13%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			11x		9x - 12x			Increase
	Retail	$	4,539,841		Inputs to both market comparable		Illiquidity Discount			8	%	5% - 20%			Decrease
					and discounted cash flow		Weight Ascribed to Market Comparables			50	%	0% - 50%				-4
							Weight Ascribed to Discounted Cash Flow			50	%	50% - 100%				-5
					Market comparables		Enterprise Value/LTM EBITDA Multiple			11x		8x - 13x(6)			Increase
							Enterprise Value/Forward EBITDA Multiple			10x		8x - 11x(6)			Increase
					Discounted cash flow		Weighted Average Cost of Capital			11	%	8% - 23%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			8x		6x - 9x			Increase
	Technology	$	4,047,332		Inputs to both market comparable		Illiquidity Discount			11	%	5% - 15%			Decrease
					and discounted cash flow		Weight Ascribed to Market Comparables			50	%	50% - 50%				-4
							Weight Ascribed to Discounted Cash Flow			50	%	50% - 50%				-5
					Market comparables		Enterprise Value/LTM EBITDA Multiple			12x		6x - 15x			Increase
							Enterprise Value/Forward EBITDA Multiple			12x		7x - 14x			Increase
					Discounted cash flow		Weighted Average Cost of Capital			11	%	8% - 14%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			9x		6x - 11x			Increase
	Consumer Products	$	3,707,020		Inputs to both market comparable		Illiquidity Discount			11	%	10% - 15%			Decrease
					and discounted cash flow		Weight Ascribed to Market Comparables			59	%	50% - 67%				-4
							Weight Ascribed to Discounted Cash Flow			41	%	33% - 50%				-5
					Market comparables		Enterprise Value/LTM EBITDA Multiple			11x		8x - 17x			Increase
							Enterprise Value/Forward EBITDA Multiple			10x		8x - 14x			Increase
					Discounted cash flow		Weighted Average Cost of Capital			10	%	8% - 20%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			9x		6x - 11x			Increase
	Financial Services	$	3,200,813		Inputs to both market comparable		Illiquidity Discount			10	%	5% - 15%			Decrease
					and discounted cash flow		Weight Ascribed to Market Comparables			52	%	50% - 100%				-4
							Weight Ascribed to Discounted Cash Flow			48	%	0% - 50%				-5
					Market comparables		Enterprise Value/LTM EBITDA Multiple			12x		11x - 13x			Increase
							Enterprise Value/Forward EBITDA Multiple			11x		10x - 11x			Increase
					Discounted cash flow		Weighted Average Cost of Capital			9	%	9% - 10%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			10x		10x - 11x			Increase
	Other	$	7,595,751		Inputs to both market comparable		Illiquidity Discount			11	%	10% - 20%			Decrease
					and discounted cash flow		Weight Ascribed to Market Comparables			47	%	0% - 67%				-4
							Weight Ascribed to Discounted Cash Flow			53	%	33% - 100%				-5
					Market comparables		Enterprise Value/LTM EBITDA Multiple			12x		6x - 17x			Increase
							Enterprise Value/Forward EBITDA Multiple			10x		5x - 14x			Increase
							Control Premium			3	%	0% - 20%(7)			Increase
					Discounted cash flow		Weighted Average Cost of Capital			12	%	9% - 20%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			9x		5x - 12x			Increase
	Real Assets	$	2,736,708
	Energy/Infrastructure	$	2,037,673		Discounted cash flow		Weighted Average Cost of Capital			11	%	6% - 27%			Decrease
							Enterprise Value/LTM EBITDA Exit Multiple			7x		7x - 11x			Increase
	Real Estate	$	699,035		Inputs to direct income capitalization		Weight Ascribed to Direct Income Capitalization			19	%	0% - 100%				-9
					and discounted cash flow		Weight Ascribed to Discounted Cash Flow			81	%	0% - 100%				-5
					Direct Income Capitalization		Current Capitalization Rate			7	%	6% - 9%			Decrease
					Discounted cash flow		Unlevered Discount Rate			11	%	9% - 24%			Decrease
	Credit Investments	$	1,944,464	-8	Yield Analysis		Yield			11	%	6% - 25%			Decrease
							Net Leverage			5x		1x - 12x			Decrease
							EBITDA Multiple			9x		5x - 13x			Increase
	In the table above, other investments, within private equity investments, represents the following industries: Education, Forestry, Media, Services, Telecommunications, Transportation, Manufacturing and Recycling. None of these industries represents more than 10% of total Level III private equity investments as of December 31, 2013.
	-1
	In determining certain of these inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies and company specific developments including exit strategies and realization opportunities. Management has determined that market participants would take these inputs into account when valuing the investments. LTM means Last Twelve Months and EBITDA means Earnings Before Interest Taxes Depreciation and Amortization.
	-2
Inputs were weighted based on the fair value of the investments included in the range.
-3
Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements.
-4
The directional change from an increase in the weight ascribed to the market comparables approach would increase the fair value of the Level III investments if the market comparables approach results in a higher valuation than the discounted cash flow approach. The opposite would be true if the market comparables approach results in a lower valuation than the discounted cash flow approach.
-5
The directional change from an increase in the weight ascribed to the discounted cash flow approach would increase the fair value of the Level III investments if the discounted cash flow approach results in a higher valuation than the market comparables approach. The opposite would be true if the discounted cash flow approach results in a lower valuation than the market comparables approach.
-6
Ranges shown exclude inputs relating to a single portfolio company that was determined to lack comparability with other investments in KKR's private equity portfolio. This portfolio company had a fair value representing less than 0.5% of the total fair value of Private Equity Investments and had an Enterprise Value/LTM EBITDA Multiple and Enterprise Value/Forward EBITDA Multiple of 24.7x and 18.2x, respectively. The exclusion of this investment does not impact the weighted average.
-7
Level III private equity investments whose valuations include a control premium represent less than 5% of total Level III private equity investments. The valuations for the remaining investments do not include a control premium.
-8
Amounts include $24.1 million of investments that were valued using dealer quotes or third party valuation firms.
-9
The directional change from an increase in the weight ascribed to the direct income capitalization approach would increase the fair value of the Level III investments if the direct income capitalization approach results in a higher valuation than the discounted cash flow approach. The opposite would be true if the direct income capitalization approach results in a lower valuation than the discounted cash flow approach.

NET_INCOME_LOSS_ATTRIBUTABLE_T1

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT (Tables)	12 Months Ended
	Dec. 31, 2013
NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT	'
Schedule of basic and diluted Net Income (Loss) attributable to KKR & Co. earnings per common unit	'
		For the Years Ended December 31,
		2013				2012				2011
		Basic		Diluted		Basic		Diluted		Basic		Diluted
	Net Income (Loss) Attributable to KKR & Co. L.P.	$	691,226	$	691,226	$	560,836	$	560,836	$	1,921	$	1,921
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit	$	2.51	$	2.3	$	2.35	$	2.21	$	0.01	$	0.01
	Weighted-Average Common Units Outstanding		274,910,628		300,254,090		238,503,257		254,093,160		220,235,469		222,519,174

OTHER_ASSETS_AND_ACCOUNTS_PAYA1

OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2013
OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	'
Schedule of other assets	'
		December 31,		December 31,
		2013		2012
	Due from Broker(a)	$	720,245	$	189,202
	Interest, Dividend and Notes Receivable(b)		380,099		469,456
	Unsettled Investment Sales(c)		85,097		90,666
	Intangible Assets, net(d)		177,545		197,484
	Deferred Tax Assets, net		165,699		105,654
	Oil & Gas Assets, net		187,448		—
	Foreign Exchange Forward Contracts(e)		85,750		137,786
	Goodwill(f)		89,000		89,000
	Fixed Assets, net(g)		80,565		79,570
	Receivables		19,455		267,126
	Deferred Financing Costs		22,773		20,918
	Prepaid Taxes		26,901		706
	Deferred Transaction Costs		13,800		14,633
	Prepaid Expenses		9,846		11,373
	Refundable Security Deposits		6,924		7,428
	Foreign Currency Options(h)		3,340		4,992
	Other		20,143		15,061
		$	2,094,630	$	1,701,055
	(a)
	Represents amounts held at clearing brokers resulting from securities transactions.
	(b)
	Represents interest and dividend receivable and promissory notes due from third parties. The promissory notes bear interest at rates ranging from 1.5% - 3.0% per annum and mature between 2015 and 2016.
	(c)
	Represents amounts due from third parties for investments sold for which cash settlement has not occurred.
	(d)
	Net of accumulated amortization of $41,341 and $21,402 as of December 31, 2013 and 2012, respectively. Amortization expense totaled $19,939, $7,826 and $3,788 for the years ended December 31, 2013, 2012 and 2011, respectively.
	(e)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments.
	(f)
	See Note 14 "Goodwill and Intangible Assets."
	(g)
	Net of accumulated depreciation and amortization of $100,724 and $92,467 as of December 31, 2013 and 2012, respectively. Depreciation and amortization expense totaled $14,714, $12,573 and $10,073 for the years ended December 31, 2013, 2012 and 2011, respectively.
	(h)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. The instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments. The cost bases for these instruments at December 31, 2013 and 2012 was $2,332.
Schedule of accounts payable, accrued expenses and other liabilities	'
		December 31,		December 31,
		2013		2012
	Amounts Payable to Carry Pool(a)	$	1,062,643	$	776,750
	Securities Sold Short(b)		676,144		350,353
	Foreign Exchange Forward Contracts(c)		410,191		229,314
	Unsettled Investment Purchases(d)		260,164		172,583
	Accounts Payable and Accrued Expenses		165,092		97,389
	Accrued Compensation and Benefits		21,531		17,265
	Contingent Consideration Obligation(e)		122,800		71,300
	Due to Broker(f)		28,669		49,204
	Deferred Rent and Income		28,029		19,228
	Interest Payable		23,700		11,746
	Redemptions Payable		13,618		9,177
	Foreign Currency Options(g)		4,591		3,362
	Taxes Payable		5,742		9,250
	Other Liabilities		17,012		7,734
		$	2,839,926	$	1,824,655
	(a)
	Represents the amount of carried interest payable to KKR's principals, professionals and other individuals with respect to KKR's active funds and co-investment vehicles that provide for carried interest.
	(b)
	Represents the obligations of KKR to deliver a specified security at a future point in time. Such securities are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments. The cost bases for these instruments at December 31, 2013 and 2012 were $650,026 and $343,440, respectively.
	(c)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. Such instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments.
	(d)
	Represents amounts owed to third parties for investment purchases for which cash settlement has not occurred.
	(e)
	See Note 13 "Acquisitions."
	(f)
	Represents amounts owed for securities transactions initiated at clearing brokers.
	(g)
	Represents derivative financial instruments used to manage foreign exchange risk arising from certain foreign denominated investments. The instruments are measured at fair value with changes in fair value recorded in Net Gains (Losses) from Investment Activities in the accompanying consolidated statements of operations. See Note 3 "Net Gains (Losses) from Investment Activities" for the net changes in fair value associated with these instruments. The cost bases for these instruments at December 31, 2013 and 2012 was $0.

DEBT_OBLIGATIONS_Tables

DEBT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
DEBT OBLIGATIONS	'
Schedule of debt obligations	'
		December 31, 2013							December 31, 2012
		Available		Carrying Value		Fair Value			Available		Carrying Value		Fair Value
	2020 Senior Notes		—		498,596		560,930	(a)		—		498,388		579,200	(a)
	2043 Senior Notes		—		494,454		468,200	(a)		—		—		—
	Revolving Credit Facilities		1,250,000		—		—			1,250,000		—		—
	Investment Financing Facilities		531,231		915,556		915,556	(b)		377,055		625,026		625,026	(b)
		$	1,781,231	$	1,908,606	$	1,944,686		$	1,627,055	$	1,123,414	$	1,204,226
	(a)
	Fair value is determined by third party broker quotes, and these notes are classified as Level II within the fair value hierarchy.
	(b)
	Carry amounts approximate fair value given the investment financing facilities' interest rates are variable.
Scheduled principal payments for debt obligations	'
		2020 and 2043		Investment		Total
		Senior Notes		Financing
				Facilities
	2014	$	—	$	66,265	$	66,265
	2015		—		367,179		367,179
	2016		—		393,263		393,263
	2017		—		—		—
	Thereafter		1,000,000		88,849		1,088,849
		$	1,000,000	$	915,556	$	1,915,556

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
Schedule of provision (benefit) for income taxes	'
		Year Ended December 31,
		2013			2012			2011
	Current
	Federal Income Tax	$	35,234		$	45,918		$	79,713
	State and Local Income Tax		6,269			19,233			30,508
	Foreign Income Tax		22,740			14,348			11,581
	Subtotal		64,243			79,499			121,802
	Deferred
	Federal Income Tax		(21,277	)		(25,929	)		(23,760	)
	State and Local Income Tax		(4,319	)		(9,542	)		(6,501	)
	Foreign Income Tax		(721	)		(623	)		(2,296	)
	Subtotal		(26,317	)		(36,094	)		(32,557	)
	Total Income Taxes	$	37,926		$	43,405		$	89,245
Reconciliation of effective income tax rate to the U.S federal statutory tax rate	'
		Year Ended December 31,
		2013			2012			2011
	Statutory U.S. Federal Income Tax Rate		35	%		35	%		35	%
	Income not attributable to KKR Management Holdings Corp.(a)		-35.84	%		-35.77	%		-35.11	%
	Foreign Income Taxes		0.28	%		0.17	%		0.96	%
	State and Local Income Taxes		0	%		0.08	%		1.88	%
	Compensation Charges Borne by Holdings		1.35	%		1.39	%		6.7	%
	Other		-0.31	%		-0.33	%		-0.19	%
	Effective Income Tax Rate		0.48	%		0.54	%		9.24	%
	(a)
	Represents primarily income attributable to (i) redeemable noncontrolling interests, (ii) noncontrolling interests and (iii) investment income of certain entities and net carried interest of certain general partners of KKR investment vehicles that are not owned by KKR Management Holdings L.P.
Schedule of components of the deferred tax assets or liabilities	'
		As of December 31,
		2013			2012
	Deferred Tax Assets
	Fund Management Fees	$	62,021		$	54,660
	Employee Compensation		22,371			17,008
	KKR Holdings Unit Exchanges(a)		113,314			85,018
	Other		1,320			1,797
	Total Deferred Tax Assets	$	199,026		$	158,483
	Deferred Tax Liabilities
	Investment Basis Differences / Net Unrealized Gains	$	30,303		$	47,735
	Other		3,024			5,094
	Total Deferred Tax Liabilities	$	33,327		$	52,829
	(a)
	In connection with exchanges of KKR Holdings units into common units of KKR, KKR recorded a deferred tax asset associated with an increase in KKR Management Holdings Corp.'s share of the tax basis of the tangible and intangible assets of KKR Management Holdings L.P. This amount was offset by an adjustment to record amounts Due to KKR Holdings and executives under the tax receivable agreement, which is included within Due to Affiliates in the statements of financial condition. The net of these adjustments was recorded as an adjustment to equity at the time of the exchanges.
Schedule of unrecognized tax benefits, excluding related interest and penalties	'
		Year Ended December 31,
		2013			2012			2011
	Unrecognized Tax Benefits, beginning of period	$	4,627		$	3,850		$	3,973
	Gross increases in tax positions in prior periods		—			31			175
	Gross decreases in tax positions in prior periods		(33	)		—			—
	Gross increases in tax positions in current period		2,741			985			555
	Lapse of statute of limitations		(1,307	)		(239	)		(853	)
	Unrecognized Tax Benefits, end of period	$	6,028		$	4,627		$	3,850

EQUITY_BASED_COMPENSATION_Tabl

EQUITY BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2013
EQUITY BASED COMPENSATION	'
Schedule of expense associated with equity based compensation	'
		Years Ended December 31,
		2013			2012		2011
	KKR Holdings Principal Awards	$	88,641		$	230,394	$	324,014
	KKR Holdings Restricted Equity Units		3,768			9,588		16,848
	Equity Incentive Plan Units		114,709			62,876		16,615
	Discretionary Compensation		100,396			97,349		112,744
	Total	$	307,514		$	400,207	$	470,221
Schedule of unrecognized expense of principal awards expected to be recognized	'
	Year	Unrecognized
		Expense
		(in millions)
	2014	$	41.6
	2015		6.9
	2016		1.7
	2017		0.1
	Total	$	50.3
Schedule of KKR Holdings awards granted to principals and certain non-employee consultant and service providers	'
		Units			Weighted
					Average Grant
					Date Fair Value
	Balance, January 1, 2013		64,569,667		$	7.42
	Granted		1,761,382			12.07
	Vested		(28,952,216	)		8.1
	Forfeited		(4,577,702	)		7
	Balance, December 31, 2013		32,801,131		$	7.13
Schedule of remaining vesting tranches for principals and certain non-employee consultant and service providers	'
	Vesting Date	Units
	April 1, 2014		1,223,940
	October 1, 2014		26,521,438
	April 1, 2015		1,214,465
	October 1, 2015		2,281,657
	April 1, 2016		82,429
	October 1, 2016		1,320,909
	April 1, 2017		30,000
	October 1, 2017		111,293
	April 1, 2018		15,000
			32,801,131
Schedule of unrecognized expense of restricted equity awards expected to be recognized	'
	Year	Unrecognized
		Expense
		(in millions)
	2014	$	1.1
	2015		0.2
	Total	$	1.3
Schedule of KKR Holdings unvested restricted equity units granted to professionals, support staff and other personnel	'
		Units			Weighted
					Average Grant
					Date Fair Value
	Balance, January 1, 2013		1,064,712		$	12.03
	Granted		—			—
	Vested		(460,841	)		11.61
	Forfeited		(47,666	)		14.2
	Balance, December 31, 2013		556,205		$	12.19
Schedule of remaining vesting tranches of restricted equity awards granted to professionals, support staff, and other personnel	'
	Vesting Date	Units
	April 1, 2014		154,791
	October 1, 2014		249,953
	April 1, 2015		128,728
	October 1, 2015		22,733
			556,205
Schedule of unrecognized expense of equity incentive plan awards expected to be recognized	'
	Year	Unrecognized
		Expense
		(in millions)
	2014	$	89.4
	2015		56.5
	2016		19.2
	2017		6.1
	2018		1.9
	Total	$	173.1
Schedule of awards granted under Equity Incentive Plan	'
		Units			Weighted
					Average Grant
					Date Fair Value
	Balance, January 1, 2013		17,920,926		$	9.11
	Granted		12,996,653			12.64
	Vested		(6,874,154	)		12.5
	Forfeited		(1,100,438	)		9.99
	Balance, December 31, 2013		22,942,987		$	10.05
Schedule of remaining vesting tranches of awards granted under the Equity Incentive Plan	'
	Vesting Date	Units
	April 1, 2014		4,701,397
	October 1, 2014		4,401,121
	April 1, 2015		4,468,115
	October 1, 2015		3,463,723
	April 1, 2016		2,283,939
	October 1, 2016		2,227,419
	April 1, 2017		84,189
	October 1, 2017		580,987
	April 1, 2018		6,917
	October 1, 2018		725,180
			22,942,987

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
Schedule of due from and to affiliates	'
		December 31,		December 31,
		2013		2012
	Due from Related Entities	$	98,793	$	73,357
	Due from Portfolio Companies		45,115		48,828
	Due from Affiliates	$	143,908	$	122,185
		December 31,		December 31,
		2013		2012
	Due to KKR Holdings in Connection with the Tax Receivable Agreement	$	89,797	$	70,375
	Due to Related Entities		4,054		2,455
	Due to Affiliates	$	93,851	$	72,830

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2013
SEGMENT REPORTING	'
Schedule of financial data of the entity's reportable segments	'
		As of and for the Year Ended December 31, 2013
		Private			Public			Capital Markets		Total
		Markets			Markets			and Principal		Reportable
								Activities		Segments
	Fees
	Management and incentive fees:
	Management fees	$	459,496		$	206,134		$	—	$	665,630
	Incentive fees		—			72,359			—		72,359
	Management and incentive fees		459,496			278,493			—		737,989
	Monitoring and transaction fees:
	Monitoring fees		120,267			—			—		120,267
	Transaction fees		150,118			40,314			146,254		336,686
	Fee credits(1)		(136,662	)		(29,950	)		—		(166,612	)
	Net monitoring and transaction fees		133,723			10,364			146,254		290,341
	Total fees		593,219			288,857			146,254		1,028,330
	Expenses
	Compensation and benefits		231,911			77,378			34,483		343,772
	Occupancy and related charges		48,045			6,863			1,419		56,327
	Other operating expenses		154,982			49,210			11,691		215,883
	Total expenses		434,938			133,451			47,593		615,982
	Fee related earnings		158,281			155,406			98,661		412,348
	Investment income (loss)
	Realized carried interest		690,027			—			—		690,027
	Unrealized carried interest		692,085			62,338			—		754,423
	Gross carried interest		1,382,112			62,338			—		1,444,450
	Less: Allocation to KKR carry pool(2)		(558,014	)		(24,935	)		—		(582,949	)
	Less: Management fee refunds(3)		(30,282	)		—			—		(30,282	)
	Net carried interest		793,816			37,403			—		831,219
	Realized other investment income (loss)		—			—			657,139		657,139
	Unrealized other investment income (loss)		1,897			116			299,249		301,262
	Total other investment income (loss)		1,897			116			956,388		958,401
	Total investment income (loss)		795,713			37,519			956,388		1,789,620
	Income (loss) before noncontrolling interests in income of consolidated entities		953,994			192,925			1,055,049		2,201,968
	Income (loss) attributable to noncontrolling interests(4)		1,498			1,560			3,329		6,387
	Economic net income (loss)	$	952,496		$	191,365		$	1,051,720	$	2,195,581
	Total Assets	$	1,600,433		$	360,891		$	7,021,733	$	8,983,057
	Book Value	$	1,521,757		$	341,198		$	5,899,645	$	7,762,600
	-1
	KKR's agreements with the fund investors of certain of its investment funds require KKR to share with these fund investors an agreed upon percentage of monitoring and transaction fees received from portfolio companies ("Fee Credits"). Fund investors receive Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain fund-related expenses and generally amount to 80% of allocable monitoring and transaction fees after fund-related expenses are recovered, although the actual percentage may vary from fund to fund as well as among different classes of investors within a fund.
	-2
	With respect to KKR's active and future investment funds and co-investment vehicles that provide for carried interest, KKR will allocate to its principals, other professionals and selected other individuals a portion of the carried interest earned in relation to these funds as part of its carry pool.
	-3
	Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from fund investors in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund investors is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. As of December 31, 2013, carried interest earned was sufficient to cover 20% of the cash management fees earned. The refunds to the fund investors are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover any of the amount that represents 20% of the cash management fees earned, these fees would not be returned to the fund investors, in accordance with the respective fund agreements.
	-4
	Represents economic interests that will (i) allocate to a former principal an aggregate of 1% of profits and losses of KKR's management companies until a future date and (ii) allocate to third party investors certain profits and losses in KKR's capital markets and principal activities segment.
		As of and for the Year Ended December 31, 2012
		Private			Public			Capital Markets		Total
		Markets			Markets			and Principal		Reportable
								Activities		Segments
	Fees
	Management and incentive fees:
	Management fees	$	423,921		$	105,186		$	—	$	529,107
	Incentive fees		—			43,845			—		43,845
	Management and incentive fees		423,921			149,031			—		572,952
	Monitoring and transaction fees:
	Monitoring fees		116,565			—			—		116,565
	Transaction fees		96,454			14,495			129,159		240,108
	Fee credits(1)		(97,362	)		(8,368	)		—		(105,730	)
	Net monitoring and transaction fees		115,657			6,127			129,159		250,943
	Total fees		539,578			155,158			129,159		823,895
	Expenses
	Compensation and benefits		192,765			50,705			29,341		272,811
	Occupancy and related charges		48,562			5,606			900		55,068
Other operating expenses		147,253			18,350			10,602		176,205
Total expenses		388,580			74,661			40,843		504,084
Fee related earnings		150,998			80,497			88,316		319,811
Investment income (loss)
Realized carried interest		475,707			—			—		475,707
Unrealized carried interest		917,048			39,155			—		956,203
Gross carried interest		1,392,755			39,155			—		1,431,910
Less: Allocation to KKR carry pool(2)		(565,543	)		(15,663	)		—		(581,206	)
Less: Management fee refunds(3)		(143,723	)		—			—		(143,723	)
Net carried interest		683,489			23,492			—		706,981
Realized other investment income (loss)		—			—			866,776		866,776
Unrealized other investment income (loss)		599			20			243,727		244,346
Total other investment income (loss)		599			20			1,110,503		1,111,122
Total investment income (loss)		684,088			23,512			1,110,503		1,818,103
Income (loss) before noncontrolling interests in income of consolidated entities		835,086			104,009			1,198,819		2,137,914
Income (loss) attributable to noncontrolling interests(4)		3,390			1,079			2,574		7,043
Economic net income (loss)	$	831,696		$	102,930		$	1,196,245	$	2,130,871
Total Assets	$	1,295,576		$	334,101		$	5,967,636	$	7,597,313
Book Value	$	1,215,513		$	316,929		$	5,424,742	$	6,957,184
-1
KKR's agreements with the fund investors of certain of its investment funds require KKR to share with these fund investors an agreed upon percentage of monitoring and transaction fees received from portfolio companies. Fund investors receive Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain fund-related expenses and generally amount to 80% of allocable monitoring and transaction fees after fund-related expenses are recovered, although the actual percentage may vary from fund to fund as well as among different classes of investors within a fund.
-2
With respect to KKR's active and future investment funds and co-investment vehicles that provide for carried interest, KKR will allocate to its principals, other professionals and selected other individuals a portion of the carried interest earned in relation to these funds as part of its carry pool.
-3
Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from fund investors in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund's fund investors is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. As of December 31, 2012, carried interest earned was sufficient to cover 20% of the cash management fees earned. The refunds to the fund investors are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover any of the amount that represents 20% of the cash management fees earned, these fees would not be returned to the fund investors, in accordance with the respective fund agreements.
-4
Represents economic interests that will (i) allocate to a former principal an aggregate of 1% of profits and losses of KKR's management companies until a future date and (ii) allocate to third party investors certain profits and losses in KKR's capital markets and principal activities segment.
	As of and for the Year Ended December 31, 2011
	Private			Public			Capital Markets		Total
	Markets			Markets			and Principal		Reportable
							Activities		Segments
Fees
Management and incentive fees:
Management fees	$	430,400		$	84,984		$	—	$	515,384
Incentive fees		—			34,243			—		34,243
Management and incentive fees		430,400			119,227			—		549,627
Monitoring and transaction fees:
Monitoring fees		163,769			—			—		163,769
Transaction fees		166,654			11,996			170,480		349,130
Fee credits(1)		(144,928	)		(5,930	)		—		(150,858	)
Net monitoring and transaction fees		185,495			6,066			170,480		362,041
Total fees		615,895			125,293			170,480		911,668
Expenses
Compensation and benefits		185,709			46,133			26,109		257,951
Occupancy and related charges		45,694			4,059			1,256		51,009
Other operating expenses		157,901			15,483			12,171		185,555
Total expenses		389,304			65,675			39,536		494,515
Fee related earnings		226,591			59,618			130,944		417,153
Investment income (loss)
Realized carried interest		336,858			—			—		336,858
Unrealized carried interest		(70,647	)		(2,590	)		—		(73,237	)
Gross carried interest		266,211			(2,590	)		—		263,621
Less: Allocation to KKR carry pool(2)		(109,361	)		1,036			—		(108,325	)
Less: Management fee refunds(3)		(17,587	)		—			—		(17,587	)
Net carried interest		139,263			(1,554	)		—		137,709
Realized other investment income (loss)		—			—			186,288		186,288
Unrealized other investment income (loss)		(549	)		505			16,514		16,470
Total other investment income (loss)		(549	)		505			202,802		202,758
Total investment income (loss)		138,714			(1,049	)		202,802		340,467
Income (loss) before noncontrolling interests in income of consolidated entities		365,305			58,569			333,746		757,620
Income (loss) attributable to noncontrolling interests(4)		2,536			599			3,536		6,671
Economic net income (loss)	$	362,769		$	57,970		$	330,210	$	750,949
Total Assets	$	855,672		$	67,894		$	5,491,842	$	6,415,408
Book Value	$	728,440		$	59,012		$	4,923,132	$	5,710,584
-1
KKR's agreements with the fund investors of certain of its investment funds require KKR to share with these fund investors an agreed upon percentage of monitoring and transaction fees received from portfolio companies. Fund investors receive Fee Credits only with respect to monitoring and transaction fees that are allocable to the fund's investment in the portfolio company and not, for example, any fees allocable to capital invested through co-investment vehicles. Fee Credits are calculated after deducting certain fund-related expenses and generally amount to 80% of allocable monitoring and transaction fees after fund-related expenses are recovered, although the actual percentage may vary from fund to fund as well as among different classes of investors within a fund.
-2
With respect to KKR's active and future investment funds and co-investment vehicles that provide for carried interest, KKR will allocate to its principals, other professionals and selected other individuals a portion of the carried interest earned in relation to these funds as part of its carry pool.
-3
Certain of KKR's private equity funds require the management company to refund up to 20% of any cash management fees earned from fund investors in the event that the funds recognize a carried interest. At such time as the fund recognizes a carried interest in an amount sufficient to cover 20% of the cash management fees earned or a portion thereof, a liability to the fund's fund investors is recorded and revenue is reduced for the amount of the carried interest recognized, not to exceed 20% of the cash management fees earned. As of December 31, 2011, the amount subject to refund for which no liability was recorded was approximately $91.4 million as a result of certain funds not yet recognizing sufficient carried interest. The refunds to the fund investors are paid, and the liabilities relieved, at such time that the underlying investments are sold and the associated carried interests are realized. In the event that a fund's carried interest is not sufficient to cover any of the amount that represents 20% of the cash management fees earned, these fees would not be returned to the fund investors, in accordance with the respective fund agreements.
-4
Represents economic interests that will (i) allocate to a former principal an aggregate of 1% of profits and losses of KKR's management companies until a future date and (ii) allocate to third party investors certain profits and losses in KKR's capital markets and principal activities segment.
Schedule of reconciliation of financial information from total reportable segments to consolidated financial statements	'
		As of and for the
		Year Ended December 31, 2013
		Total			Adjustments			Consolidated
		Reportable
		Segments
	Fees(a)	$	1,028,330		$	(265,784	)	$	762,546
	Expenses(b)	$	615,982		$	1,151,156		$	1,767,138
	Investment income (loss)(c)	$	1,789,620		$	7,107,126		$	8,896,746
	Income (loss) before taxes	$	2,201,968		$	5,690,186		$	7,892,154
	Income (loss) attributable to redeemable noncontrolling interests	$	—		$	62,255		$	62,255
	Income (loss) attributable to noncontrolling interests	$	6,387		$	7,094,360		$	7,100,747
	Total Assets(d)	$	8,983,057		$	42,444,144		$	51,427,201
	Book Value(e)	$	7,762,600		$	(5,040,590	)	$	2,722,010
	(a)
	The fees adjustment primarily represents (i) the elimination of management fees of $487,669 upon consolidation of KKR's funds, (ii) the elimination of Fee Credits of $144,416 upon consolidation of the KKR funds and vehicles, (iii) inclusion of reimbursable expenses of $41,529 and (iv) other adjustments of $35,940.
	(b)
	The expenses adjustment primarily represents (i) the inclusion of non-cash equity based charges borne by KKR Holdings or granted under the Equity Incentive Plan, which amounted to $307,514, (ii) allocations to the carry pool of $582,949, (iii) a gross up of reimbursable expenses of $58,358, (iv) operating expenses of $102,047 primarily associated with the inclusion of operating expenses upon consolidation of KKR's funds and other entities, (v) inclusion of certain compensation and general and administrative expenses incurred in the generation of net realized principal investment income of $7,695 and (vi) other adjustments of $92,593.
	(c)
	The investment income (loss) adjustment primarily represents (i) the inclusion of net investment income of $6,486,200 attributable to noncontrolling interests upon consolidation of KKR's funds, (ii) exclusion of allocations to the carry pool of $582,949, (iii) exclusion of management fee refunds of $30,282 and (iv) exclusion of certain compensation and general and administrative expenses incurred in the generation of net realized principal investment income of $7,695.
	(d)
	Substantially all of the total assets adjustment represents the inclusion of investments that are attributable to noncontrolling interests upon consolidation of KKR's funds.
	(e)
	The book value adjustment represents the exclusion of noncontrolling interests held by KKR Holdings of $5,116,761 and the equity impact of KKR Management Holdings Corp. equity and other of $76,171.
		As of and for the
		Year Ended December 31, 2012
		Total			Adjustments			Consolidated
		Reportable
		Segments
	Fees(a)	$	823,895		$	(255,453	)	$	568,442
	Expenses(b)	$	504,084		$	1,094,704		$	1,598,788
	Investment income (loss)(c)	$	1,818,103		$	7,283,892		$	9,101,995
	Income (loss) before taxes	$	2,137,914		$	5,933,735		$	8,071,649
	Income (loss) attributable to redeemable noncontrolling interests	$	—		$	34,963		$	34,963
	Income (loss) attributable to noncontrolling interests	$	7,043		$	7,425,402		$	7,432,445
	Total Assets(d)	$	7,597,313		$	36,829,040		$	44,426,353
	Book Value(e)	$	6,957,184		$	(4,952,825	)	$	2,004,359
	(a)
	The fees adjustment primarily represents (i) the elimination of management fees of $430,963 upon consolidation of KKR's funds, (ii) the elimination of Fee Credits of $103,227 upon consolidation of KKR's funds, (iii) inclusion of reimbursable expenses of $29,878 and (iv) other adjustments of $42,405.
	(b)
	The expenses adjustment primarily represents (i) the inclusion of non-cash equity based charges borne by KKR Holdings or granted under the Equity Incentive Plan, which amounted to $400,207, (ii) allocations to the carry pool of $581,206, (iii) a gross up of reimbursable expenses of $41,615, (iv) operating expenses of $2,694 primarily associated with the inclusion of operating expenses upon consolidation of KKR's funds and other entities and (v) other adjustments of $68,982.
	(c)
	The investment income (loss) adjustment primarily represents (i) the inclusion of a net investment income of $6,558,963 attributable to noncontrolling interests upon consolidation of KKR's funds, (ii) exclusion of allocations to the carry pool of $581,206, and (iii) exclusion of management fee refunds of $143,723.
	(d)
	Substantially all of the total assets adjustment represents the inclusion of investments that are attributable to noncontrolling interests upon consolidation of KKR's funds.
	(e)
	The book value adjustment represents the exclusion of noncontrolling interests held by KKR Holdings of $4,981,864 and the equity impact of KKR Management Holdings Corp. equity and other of $29,039.
		As of and for the
		Year Ended December 31, 2011
		Total			Adjustments			Consolidated
		Reportable
		Segments
	Fees(a)	$	911,668		$	(188,048	)	$	723,620
	Expenses(b)	$	494,515		$	719,490		$	1,214,005
	Investment income (loss)(c)	$	340,467		$	1,115,649		$	1,456,116
	Income (loss) before taxes	$	757,620		$	208,111		$	965,731
	Income (loss) attributable to redeemable noncontrolling interests	$	—		$	4,318		$	4,318
	Income (loss) attributable to noncontrolling interests	$	6,671		$	863,576		$	870,247
	Total Assets(d)	$	6,415,408		$	33,962,237		$	40,377,645
	Book Value(e)	$	5,710,584		$	(4,381,886	)	$	1,328,698
	(a)
	The fees adjustment primarily represents (i) the elimination of management fees of $435,183 upon consolidation of KKR's funds, (ii) the elimination of Fee Credits of $144,977 upon consolidation of KKR's funds, (iii) inclusion of reimbursable expenses of $46,038 and (iv) other adjustments of $56,120.
	(b)
	The expenses adjustment primarily represents (i) the inclusion of non-cash equity based charges borne by KKR Holdings or granted under the Equity Incentive Plan, which amounted to $470,221, (ii) allocations to the carry pool of $108,325, (iii) a gross up of reimbursable expenses of $46,038 (iv) operating expenses of $30,822 primarily associated with the inclusion of operating expenses upon consolidation of KKR's funds and other entities and (v) other adjustments of $64,084.
(c)
The investment income (loss) adjustment primarily represents (i) the inclusion of a net investment income of $989,737 attributable to noncontrolling interests upon consolidation of KKR's funds, (ii) exclusion of allocations to the carry pool of $108,325, and (iii) exclusion of management fee refunds of $17,587.
(d)
Substantially all of the total assets adjustment represents the inclusion of investments that are attributable to noncontrolling interests upon consolidation of KKR's funds.
(e)
The book value adjustment represents the exclusion of noncontrolling interests held by KKR Holdings of $4,342,157 and the equity impact of KKR Management Holdings Corp. equity and other of $39,729.
Schedule of reconciliation of net income (loss) attributable to the entity to economic net income (loss) and fee related earnings	'
		For the Year
		Ended
		December 31, 2013
	Net income (loss) attributable to KKR & Co. L.P.	$	691,226
	Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings		1,056,126
	Plus: Equity based compensation		307,514
	Plus: Amortization of intangibles and other, net		102,789
	Plus: Income taxes		37,926
	Economic net income (loss)		2,195,581
	Plus: Income attributable to segment noncontrolling interests		6,387
	Less: Investment income (loss)		1,789,620
	Fee related earnings	$	412,348
		For the Year Ended
		December 31, 2012
	Net income (loss) attributable to KKR & Co. L.P.	$	560,836
	Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings		1,116,740
	Plus: Equity based compensation		400,207
	Plus: Amortization of intangibles and other, net		9,683
	Plus: Income taxes		43,405
	Economic net income (loss)		2,130,871
	Plus: Income attributable to segment noncontrolling interests		7,043
	Less: Investment income (loss)		1,818,103
	Fee related earnings	$	319,811
		For the Year Ended
		December 31, 2011
	Net income (loss) attributable to KKR & Co. L.P.	$	1,921
	Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings		185,352
	Plus: Equity based compensation		470,221
	Plus: Amortization of intangibles and other, net		4,210
	Plus: Income taxes		89,245
	Economic net income (loss)		750,949
	Plus: Income attributable to segment noncontrolling interests		6,671
	Less: Investment income (loss)		340,467
	Fee related earnings	$	417,153

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2013
ACQUISITIONS	'
Summary of the estimated fair values of the assets acquired and liabilities assumed	'
	Cash and Cash Equivalents	$	13,141
	Other Assets		6,652
	Intangible Assets		181,000
	Goodwill		89,000
	Total Assets	$	289,793
	Liabilities Assumed	$	18,493
	Total Liabilities	$	18,493

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2013
GOODWILL AND INTANGIBLE ASSETS	'
Schedule of intangible assets, net	'
		December 31, 2013			December 31, 2012
	Finite—Lived Intangible Assets	$	218,886		$	218,886
	Accumulated Amortization		(41,341	)		(21,402	)
	Intangible Assets, Net	$	177,545		$	197,484
Schedule of changes in intangible assets, net	'
		December 31, 2013			December 31, 2012
	Balance, Beginning of Year	$	197,484		$	24,310
	Acquisitions		—			181,000
	Amortization Expense		(19,939	)		(7,826	)
	Intangible Assets, Net	$	177,545		$	197,484

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
Schedule of minimum future lease payments, net of sublease income	'
	2014	$	46,463
	2015		45,924
	2016		45,657
	2017		40,477
	2018 and Thereafter		128,417
	Total minimum payments required	$	306,938

QUARTERLY_FINANCIAL_DATA_UNAUD1

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2013
QUARTERLY FINANCIAL DATA (UNAUDITED)	'
Schedule of quarterly financial data	'
		Three Months Ended,
		March 31, 2013		June 30, 2013			September 30, 2013		December 31, 2013
	Statement of Operations Data:
	Fees	$	151,240	$	166,376		$	220,028	$	224,902
	Less: Total Expenses		439,330		292,022			455,495		580,291
	Total Investment Income (Loss)		2,395,632		411,429			2,441,265		3,648,420
	Income (Loss) Before Taxes		2,107,542		285,783			2,205,798		3,293,031
	Income Taxes		9,356		8,525			7,644		12,401
	Net Income (Loss)		2,098,186		277,258			2,198,154		3,280,630
	Less: Net Income (Loss) Attributable to Redeemable Noncontrolling Interests		24,623		(7,800	)		9,169		36,263
	Less: Net Income (Loss) Attributable to Noncontrolling Interests		1,880,124		269,924			1,984,245		2,966,454
	Net Income (Loss) Attributable to KKR & Co. L.P.	$	193,439	$	15,134		$	204,740	$	277,913
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit
	Basic	$	0.75	$	0.06		$	0.73	$	0.96
	Diluted	$	0.69	$	0.05		$	0.66	$	0.89
	Weighted Average Common Units Outstanding
	Basic		257,044,184		271,983,811			282,148,802		288,045,501
	Diluted		282,042,521		298,078,764			308,135,191		312,340,336
		March 31, 2012		June 30, 2012			September 30, 2012		December 31, 2012
	Statement of Operations Data:
	Fees	$	116,307	$	112,360		$	162,154	$	177,621
	Less: Total Expenses		445,258		348,739			446,519		358,272
	Total Investment Income (Loss)		3,317,998		1,752,615			2,396,763		1,634,619
	Income (Loss) Before Taxes		2,989,047		1,516,236			2,112,398		1,453,968
	Income Taxes		17,072		11,093			9,612		5,628
	Net Income (Loss)		2,971,975		1,505,143			2,102,786		1,448,340
	Less: Net Income (Loss) Attributable to Redeemable Noncontrolling Interests		5,272		3,285			9,994		16,412
	Less: Net Income (Loss) Attributable to Noncontrolling Interests		2,776,267		1,355,597			1,965,381		1,335,200
	Net Income (Loss) Attributable to KKR & Co. L.P.	$	190,436	$	146,261		$	127,411	$	96,728
	Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit
	Basic	$	0.83	$	0.62		$	0.53	$	0.39
	Diluted	$	0.8	$	0.58		$	0.49	$	0.36
	Weighted Average Common Units Outstanding
	Basic		229,099,335		235,781,983			239,696,358		249,303,558
	Diluted		237,832,106		252,507,802			257,646,622		268,192,128

ORGANIZATION_Details

ORGANIZATION (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Effects of changes in ownership interest in Group Partnerships on KKR & Co. L.P.'s equity	'	'	'	'	'	'	'	'	'	'	'
Net income (loss) attributable to KKR & Co. L.P.	$277,913	$204,740	$15,134	$193,439	$96,728	$127,411	$146,261	$190,436	$691,226	$560,836	$1,921
Exchange of KKR Group Partnership units held by KKR Holdings L.P.	'	'	'	'	'	'	'	'	341,410	263,199	141,863
Change from net income (loss) attributable to KKR & Co. L.P. and transfers from noncontrolling interests held by KKR Holdings	'	'	'	'	'	'	'	'	$1,032,636	$824,035	$143,784
Shares exchanged	'	'	'	'	'	'	'	'	28,184,258	23,660,959	14,023,094
Group Holdings	'	'	'	'	'	'	'	'	'	'	'
ORGANIZATION AND BASIS OF PRESENTATION	'	'	'	'	'	'	'	'	'	'	'
Percentage of economic interest held by parent entity	'	'	'	'	'	'	'	'	99.00%	'	'
Management Holdings Corp	'	'	'	'	'	'	'	'	'	'	'
ORGANIZATION AND BASIS OF PRESENTATION	'	'	'	'	'	'	'	'	'	'	'
Percentage of economic interest held by parent entity	'	'	'	'	'	'	'	'	1.00%	'	'
KKR Group Partnerships	'	'	'	'	'	'	'	'	'	'	'
ORGANIZATION AND BASIS OF PRESENTATION	'	'	'	'	'	'	'	'	'	'	'
Percentage of economic interest held by parent entity	'	'	'	'	'	'	'	'	41.60%	'	'
KKR Group Partnerships | KKR Holdings L.P.	'	'	'	'	'	'	'	'	'	'	'
ORGANIZATION AND BASIS OF PRESENTATION	'	'	'	'	'	'	'	'	'	'	'
Percentage of economic interest held by parent entity	'	'	'	'	'	'	'	'	58.40%	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Variable Interest Entities	'	'
Effect on net income (loss) as a result of the elimination in consolidation of management fees earned from noncontrolling interests	$0	'
Due from Affiliates, net	143,908	122,185
Deconsolidation of Consolidated Entities	'	'
Variable Interest Entities	'	'
Investments, at Fair Value	209,525	188,408
Due from Affiliates, net	5,105	2,266
Maximum Exposure to Loss	$214,630	$190,674

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Redeemable Noncontrolling Interests	'	'	'	'	'	'	'	'	'	'	'
Expiration period of redeemable noncontrolling interests, low end of range	'	'	'	'	'	'	'	'	'1 year	'	'
Expiration period of redeemable noncontrolling interests, high end of range	'	'	'	'	'	'	'	'	'3 years	'	'
Noncontrolling Interest in Consolidation Entities	'	'	'	'	'	'	'	'	'	'	'
Percentage of carried interest received by general partners	'	'	'	'	'	'	'	'	1.00%	'	'
Percentage of other profits (losses) received by general partners	'	'	'	'	'	'	'	'	1.00%	'	'
Calculation of noncontrolling Interests held by KKR Holdings	'	'	'	'	'	'	'	'	'	'	'
Equity based compensation	'	'	'	'	'	'	'	'	$307,514,000	$400,207,000	$470,221,000
Capital contributions	'	'	'	'	'	'	'	'	7,475,577,000	4,880,814,000	6,227,073,000
Capital distributions	'	'	'	'	'	'	'	'	-10,862,132,000	-9,725,979,000	-6,219,070,000
Calculation of net income (loss) attributable to noncontrolling interests held by KKR Holdings	'	'	'	'	'	'	'	'	'	'	'
Net income (loss)	3,280,630,000	2,198,154,000	277,258,000	2,098,186,000	1,448,340,000	2,102,786,000	1,505,143,000	2,971,975,000	7,854,228,000	8,028,244,000	876,486,000
Less: Net income (loss) attributable to Redeemable Noncontrolling Interests	36,263,000	9,169,000	-7,800,000	24,623,000	16,412,000	9,994,000	3,285,000	5,272,000	62,255,000	34,963,000	4,318,000
Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities	'	'	'	'	'	'	'	'	7,100,747,000	7,432,445,000	870,247,000
Structured Finance Vehicles	'	'	'	'	'	'	'	'	'	'	'
Amount of waived collateral management fees	189,000,000	'	'	'	'	'	'	'	189,000,000	'	'
Fees	'	'	'	'	'	'	'	'	'	'	'
Transaction Fees	'	'	'	'	'	'	'	'	287,387,000	237,089,000	343,249,000
Management Fees	'	'	'	'	'	'	'	'	177,961,000	98,144,000	80,201,000
Monitoring Fees	'	'	'	'	'	'	'	'	161,796,000	146,443,000	209,807,000
Consulting and Other Fees	'	'	'	'	'	'	'	'	70,035,000	46,215,000	56,120,000
Incentive fees	'	'	'	'	'	'	'	'	65,367,000	40,551,000	34,243,000
Total fees	224,902,000	220,028,000	166,376,000	151,240,000	177,621,000	162,154,000	112,360,000	116,307,000	762,546,000	568,442,000	723,620,000
Private equity funds	'	'	'	'	'	'	'	'	'	'	'
Gross management fees as a percentage of committed capital, low end of range	'	'	'	'	'	'	'	'	1.00%	'	'
Gross management fees as a percentage of committed capital, high end of range	'	'	'	'	'	'	'	'	2.00%	'	'
Gross management fees as a percentage of invested capital	'	'	'	'	'	'	'	'	0.75%	'	'
Maximum length of investment period	'	'	'	'	'	'	'	'	'6 years	'	'
Maximum percentage of cash management fees that will be refunded	'	'	'	'	'	'	'	'	20.00%	'	'
Separately Managed Accounts	'	'	'	'	'	'	'	'	'	'	'
Percentage used to derive management fees for separately managed accounts, low end of range	0.50%	'	'	'	'	'	'	'	0.50%	'	'
Percentage used to derive management fees for separately managed accounts, high end of range	1.50%	'	'	'	'	'	'	'	1.50%	'	'
KKR Financial Holdings LLC ("KFN")	'	'	'	'	'	'	'	'	'	'	'
Percentage of adjusted equity to derive base management fee	'	'	'	'	'	'	'	'	1.75%	'	'
Percentage of dollar amount used to calculate quarterly incentive compensation	'	'	'	'	'	'	'	'	25.00%	'	'
Percentage used as fixed multiplier to calculate quarterly incentive compensation	'	'	'	'	'	'	'	'	2.00%	'	'
Percentage added to variable multiplier	'	'	'	'	'	'	'	'	0.50%	'	'
Portion of variable rate multiplier	'	'	'	'	'	'	'	'	0.25	'	'
Description of variable rate multiplier	'	'	'	'	'	'	'	'	'ten year treasury rate	'	'
Incentive Fees - Hedge Fund Structures	'	'	'	'	'	'	'	'	'	'	'
Incentive fee rate, low end of range (as a percent)	'	'	'	'	'	'	'	'	5.00%	'	'
Incentive fee rate, high end of range (as a percent)	'	'	'	'	'	'	'	'	20.00%	'	'
Measurement period	'	'	'	'	'	'	'	'	'1 year	'	'
401(k) plan	'	'	'	'	'	'	'	'	'	'	'
Expenses incurred in connection with the plan	'	'	'	'	'	'	'	'	7,700,000	6,500,000	6,000,000
Minimum	'	'	'	'	'	'	'	'	'	'	'
Fixed Assets, Depreciation and Amortization	'	'	'	'	'	'	'	'	'	'	'
Estimated economic useful lives for other fixed assets	'	'	'	'	'	'	'	'	'3 years	'	'
Structured Finance Vehicles	'	'	'	'	'	'	'	'	'	'	'
Percentage of collateral to derive senior collateral management fees	0.15%	'	'	'	'	'	'	'	0.15%	'	'
Percentage of collateral to derive subordinate collateral management fees	0.30%	'	'	'	'	'	'	'	0.30%	'	'
Maximum	'	'	'	'	'	'	'	'	'	'	'
Fixed Assets, Depreciation and Amortization	'	'	'	'	'	'	'	'	'	'	'
Estimated economic useful lives for other fixed assets	'	'	'	'	'	'	'	'	'7 years	'	'
Structured Finance Vehicles	'	'	'	'	'	'	'	'	'	'	'
Percentage of collateral to derive senior collateral management fees	0.20%	'	'	'	'	'	'	'	0.20%	'	'
Percentage of collateral to derive subordinate collateral management fees	0.35%	'	'	'	'	'	'	'	0.35%	'	'
Noncontrolling Interests held by KKR Holdings	'	'	'	'	'	'	'	'	'	'	'
Calculation of noncontrolling Interests held by KKR Holdings	'	'	'	'	'	'	'	'	'	'	'
Balance at the beginning of the period	'	'	'	4,981,864,000	'	'	'	4,342,157,000	4,981,864,000	4,342,157,000	4,346,388,000
Net income (loss) attributable to noncontrolling interests held by KKR Holdings	'	'	'	'	'	'	'	'	1,056,126,000	1,116,740,000	185,352,000
Other comprehensive income (loss), net of tax	'	'	'	'	'	'	'	'	-3,114,000	-3,908,000	-8,488,000
Impact of the exchange of KKR Holdings units to KKR & Co. L.P. common units	'	'	'	'	'	'	'	'	-333,028,000	-259,888,000	-140,384,000
Equity based compensation	'	'	'	'	'	'	'	'	192,805,000	337,330,000	453,604,000
Capital contributions	'	'	'	'	'	'	'	'	31,553,000	31,477,000	38,979,000
Capital distributions	'	'	'	'	'	'	'	'	-809,445,000	-582,044,000	-533,294,000
Balance at the end of the period	5,116,761,000	'	'	'	4,981,864,000	'	'	'	5,116,761,000	4,981,864,000	4,342,157,000
Calculation of net income (loss) attributable to noncontrolling interests held by KKR Holdings	'	'	'	'	'	'	'	'	'	'	'
Net income (loss)	'	'	'	'	'	'	'	'	7,854,228,000	8,028,244,000	876,486,000
Less: Net income (loss) attributable to Redeemable Noncontrolling Interests	'	'	'	'	'	'	'	'	62,255,000	34,963,000	4,318,000
Less: Net income (loss) attributable to Noncontrolling Interests in consolidated entities	'	'	'	'	'	'	'	'	6,044,621,000	6,315,705,000	684,895,000
Plus: Income taxes attributable to KKR Management Holdings Corp.	'	'	'	'	'	'	'	'	15,387,000	28,599,000	75,465,000
Net income (loss) attributable to KKR & Co. L.P. and KKR Holdings	'	'	'	'	'	'	'	'	1,762,739,000	1,706,175,000	262,738,000
Net income (loss) attributable to noncontrolling interests held by KKR Holdings	'	'	'	'	'	'	'	'	$1,056,126,000	$1,116,740,000	$185,352,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Number of valuation methodologies used to determine fair value of investments	2
Maximum	'
Level III Valuation Methodologies	'
Weighting percentage of methodology used to determine fair value of investments	100.00%
Minimum	'
Level III Valuation Methodologies	'
Illiquidity Discount (as a percent)	5.00%
Private equity investment portfolio with more than one methodology | Market comparables | Level III	'
Level III Valuation Methodologies	'
Weighting percentage of methodology used to determine fair value of investments	50.00%
Private equity investment portfolio with more than one methodology | Discounted cash flow analysis | Level III	'
Level III Valuation Methodologies	'
Weighting percentage of methodology used to determine fair value of investments	50.00%
Private equity investment portfolio with single methodology | Level III	'
Level III Valuation Methodologies	'
Percentage of fair value of investments which are valued on certain methodologies	84.70%
Private equity investment portfolio with single methodology | Level III | Maximum	'
Level III Valuation Methodologies	'
Percentage of fair value of investments which are valued on certain methodologies	5.00%
Private equity investment portfolio with single methodology | Market comparables | Level III	'
Level III Valuation Methodologies	'
Weighting percentage of methodology used to determine fair value of investments	100.00%
Private equity investment portfolio with single methodology | Discounted cash flow analysis | Level III	'
Level III Valuation Methodologies	'
Weighting percentage of methodology used to determine fair value of investments	100.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Tax Receivable agreement	'	'	'
Amount required to be paid to transferees as percentage of cash savings in US federal state and local income tax	85.00%	'	'
Amount required to be paid to transferees as percentage of savings	85.00%	'	'
Number of days within which payments required to be made under tax receivable agreement after filing of the tax return of Management Holdings Corp.	'90 days	'	'
Cash payments made under tax receivable agreement	$4.70	$2.70	$0.20
Expected benefit as percentage of cash saving in income tax	15.00%	'	'
Cumulative income tax savings realized	$1.30	'	'
Profit Sharing Plan	'	'	'
Carry Pool Allocation	'	'	'
Percentage of carried interest earned allocated to principals, other professionals and operating consultants	40.00%	'	'

NET_GAINS_LOSSES_FROM_INVESTME2

NET GAINS (LOSSES) FROM INVESTMENT ACTIVITIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	$3,909,432	$5,202,664	$3,317,360
Net Unrealized Gains (Losses)	3,916,650	2,669,009	-2,335,502
Real Assets	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	15,868	54,724	584,862
Net Unrealized Gains (Losses)	-64,667	-309,620	-247,736
Equity Method	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	44,148	115,709	21,270
Net Unrealized Gains (Losses)	53,958	37,149	29,107
Private Equity	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	3,664,219	4,947,661	2,666,311
Net Unrealized Gains (Losses)	4,052,553	2,988,494	-2,046,989
Credit and Other	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	307,269	125,122	-3,742
Net Unrealized Gains (Losses)	128,794	203,917	-121,202
Foreign Exchange Forward Contracts	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	17,760	30,993	16,866
Net Unrealized Gains (Losses)	-232,913	-205,752	55,238
Foreign Currency Options	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	'	-28,305	'
Net Unrealized Gains (Losses)	-2,881	29,825	-12,352
Securities Sold Short	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	-105,513	-31,557	25,609
Net Unrealized Gains (Losses)	-19,205	-4,978	7,942
Other Derivative	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	-24,223	-11,746	4,373
Net Unrealized Gains (Losses)	-2,030	-9,322	490
Contingent Carried Interest Repayment Guarantee	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Unrealized Gains (Losses)	'	-55,937	'
Foreign Exchange Gains (Losses)	'	'	'
Total Net Gains (Losses) from Investment Activities	'	'	'
Net Realized Gains (Losses)	-10,096	63	1,811
Net Unrealized Gains (Losses)	$3,041	($4,767)	'

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investments	'	'
Fair Value	$47,383,697,000	$40,697,848,000
Cost	39,197,800,000	36,647,369,000
Investments pledged as direct collateral	3,300,000,000	2,100,000,000
Private Equity	'	'
Investments	'	'
Fair Value	37,439,659,000	34,114,623,000
Cost	27,613,803,000	28,336,315,000
Credit	'	'
Investments	'	'
Fair Value	5,023,253,000	3,396,067,000
Cost	4,841,913,000	3,266,846,000
Real Assets	'	'
Investments	'	'
Fair Value	2,789,639,000	1,775,683,000
Cost	4,945,958,000	3,861,792,000
Equity Method	'	'
Investments	'	'
Fair Value	546,422,000	200,831,000
Cost	310,709,000	20,847,000
Other	'	'
Investments	'	'
Fair Value	1,584,724,000	1,210,644,000
Cost	$1,485,417,000	$1,161,569,000

INVESTMENTS_Details_2

INVESTMENTS (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Investments	'	'
Fair value of investment with greater than 5% of total investments	47,383,697,000	40,697,848,000
Aggregate investments in other than equity securities	548,500,000	364,500,000
Investment Concentration Risk | Investments.	'	'
Investments	'	'
Minimum percentage of total investments	5.00%	5.00%
Alliance Boots | Investment Concentration Risk | Investments.	'	'
Investments	'	'
Fair value of investment with greater than 5% of total investments	4,600,000,000	3,500,000,000
HCA | Investment Concentration Risk | Investments.	'	'
Investments	'	'
Fair value of investment with greater than 5% of total investments	'	2,100,000,000

INVESTMENTS_Details_3

INVESTMENTS (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Investments	'	'
Fair Value	$47,383,697	$40,697,848
Private Equity Investments	'	'
Investments	'	'
Fair Value	37,439,659	34,114,623
Private Equity Investments | Health Care	'	'
Investments	'	'
Fair Value	8,480,933	7,708,080
Private Equity Investments | Technology	'	'
Investments	'	'
Fair Value	5,192,488	4,566,236
Private Equity Investments | Retail	'	'
Investments	'	'
Fair Value	4,582,846	4,970,092
Private Equity Investments | Manufacturing	'	'
Investments	'	'
Fair Value	4,459,220	3,240,474
Private Equity Investments | Consumer Products	'	'
Investments	'	'
Fair Value	3,795,851	3,557,963
Private Equity Investments | Other	'	'
Investments	'	'
Fair Value	$10,928,321	$10,071,778

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Equity Method	'	'
Equity method investments	'	'
Total equity method investments	$546,400,000	$200,800,000
Level III | Private Equity	'	'
Assets, at fair value:	'	'
Total Assets	29,646,471,000	'
Level III | Credit	'	'
Assets, at fair value:	'	'
Total Assets	1,944,464,000	'
Level III | Real Assets	'	'
Assets, at fair value:	'	'
Total Assets	2,736,708,000	'
Fair value measured on recurring basis | Level I	'	'
Assets, at fair value:	'	'
Total Investments	8,241,550,000	8,663,788,000
Total Assets	8,241,550,000	8,663,788,000
Liabilities, at fair value:	'	'
Securities Sold Short	624,653,000	321,977,000
Total Liabilities	624,653,000	321,977,000
Fair value measured on recurring basis | Level I | Private Equity	'	'
Assets, at fair value:	'	'
Total Investments	7,244,643,000	8,015,680,000
Fair value measured on recurring basis | Level I | Real Assets	'	'
Assets, at fair value:	'	'
Total Investments	52,931,000	'
Fair value measured on recurring basis | Level I | Other	'	'
Assets, at fair value:	'	'
Total Investments	943,976,000	648,108,000
Fair value measured on recurring basis | Level II	'	'
Assets, at fair value:	'	'
Total Investments	3,919,596,000	2,496,870,000
Total Assets	4,013,766,000	2,640,530,000
Liabilities, at fair value:	'	'
Securities Sold Short	51,491,000	28,376,000
Unfunded Revolver Commitments	1,902,000	2,568,000
Total Liabilities	482,352,000	267,371,000
Fair value measured on recurring basis | Level II | Foreign Exchange Forward Contracts	'	'
Assets, at fair value:	'	'
Total Assets	85,750,000	137,786,000
Liabilities, at fair value:	'	'
Total Liabilities	410,191,000	229,314,000
Fair value measured on recurring basis | Level II | Foreign Currency Options	'	'
Assets, at fair value:	'	'
Total Assets	3,340,000	4,992,000
Liabilities, at fair value:	'	'
Total Liabilities	4,591,000	3,362,000
Fair value measured on recurring basis | Level II | Other Derivatives	'	'
Assets, at fair value:	'	'
Total Assets	5,080,000	882,000
Liabilities, at fair value:	'	'
Total Liabilities	14,177,000	3,751,000
Fair value measured on recurring basis | Level II | Private Equity	'	'
Assets, at fair value:	'	'
Total Investments	548,545,000	364,543,000
Fair value measured on recurring basis | Level II | Credit	'	'
Assets, at fair value:	'	'
Total Investments	3,078,789,000	1,809,021,000
Fair value measured on recurring basis | Level II | Other	'	'
Assets, at fair value:	'	'
Total Investments	292,262,000	323,306,000
Fair value measured on recurring basis | Level III	'	'
Assets, at fair value:	'	'
Total Investments	34,676,129,000	29,336,359,000
Total Assets	34,676,129,000	29,336,359,000
Fair value measured on recurring basis | Level III | Private Equity	'	'
Assets, at fair value:	'	'
Total Investments	29,646,471,000	25,734,400,000
Fair value measured on recurring basis | Level III | Credit	'	'
Assets, at fair value:	'	'
Total Investments	1,944,464,000	1,587,046,000
Fair value measured on recurring basis | Level III | Real Assets	'	'
Assets, at fair value:	'	'
Total Investments	2,736,708,000	1,775,683,000
Fair value measured on recurring basis | Level III | Other	'	'
Assets, at fair value:	'	'
Total Investments	348,486,000	239,230,000
Fair value measured on recurring basis | Total	'	'
Assets, at fair value:	'	'
Total Investments	46,837,275,000	40,497,017,000
Total Assets	46,931,445,000	40,640,677,000
Liabilities, at fair value:	'	'
Securities Sold Short	676,144,000	350,353,000
Unfunded Revolver Commitments	1,902,000	2,568,000
Total Liabilities	1,107,005,000	589,348,000
Fair value measured on recurring basis | Total | Foreign Exchange Forward Contracts	'	'
Assets, at fair value:	'	'
Total Assets	85,750,000	137,786,000
Liabilities, at fair value:	'	'
Total Liabilities	410,191,000	229,314,000
Fair value measured on recurring basis | Total | Foreign Currency Options	'	'
Assets, at fair value:	'	'
Total Assets	3,340,000	4,992,000
Liabilities, at fair value:	'	'
Total Liabilities	4,591,000	3,362,000
Fair value measured on recurring basis | Total | Other Derivatives	'	'
Assets, at fair value:	'	'
Total Assets	5,080,000	882,000
Liabilities, at fair value:	'	'
Total Liabilities	14,177,000	3,751,000
Fair value measured on recurring basis | Total | Private Equity	'	'
Assets, at fair value:	'	'
Total Investments	37,439,659,000	34,114,623,000
Fair value measured on recurring basis | Total | Credit	'	'
Assets, at fair value:	'	'
Total Investments	5,023,253,000	3,396,067,000
Fair value measured on recurring basis | Total | Real Assets	'	'
Assets, at fair value:	'	'
Total Investments	2,789,639,000	1,775,683,000
Fair value measured on recurring basis | Total | Other	'	'
Assets, at fair value:	'	'
Total Investments	$1,584,724,000	$1,210,644,000

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (Investment, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation	'	'
Transfers between Level I and Level II	$0	$0
Level III	'	'
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation	'	'
Balance, Beginning of Period	29,336,359	23,023,923
Transfers In	144,546	38,218
Transfers Out	-3,113,418	-288,174
Purchases	6,434,607	3,498,963
Sales	-2,027,589	-2,942,964
Settlements	90,095	23,164
Net Realized Gains (Losses)	726,051	1,446,439
Net Unrealized Gains (Losses)	3,085,478	4,536,790
Balance, End of Period	34,676,129	29,336,359
Changes in Net Unrealized Gains (Losses) included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign-denominated investments) related to Investments still held at Reporting Date	3,796,734	5,713,996
Private Equity | Level III	'	'
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation	'	'
Balance, Beginning of Period	25,734,400	20,384,253
Transfers Out	-2,817,295	-219,462
Purchases	4,016,510	2,100,217
Sales	-1,100,900	-2,671,329
Net Realized Gains (Losses)	683,636	1,353,002
Net Unrealized Gains (Losses)	3,130,120	4,787,719
Balance, End of Period	29,646,471	25,734,400
Changes in Net Unrealized Gains (Losses) included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign-denominated investments) related to Investments still held at Reporting Date	3,738,140	5,895,269
Credit | Level III	'	'
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation	'	'
Balance, Beginning of Period	1,587,046	1,016,759
Transfers In	109,568	37,157
Transfers Out	-272,819	-68,099
Purchases	1,189,531	686,032
Sales	-791,278	-155,788
Settlements	90,095	23,164
Net Realized Gains (Losses)	34,320	10,437
Net Unrealized Gains (Losses)	-1,999	37,384
Balance, End of Period	1,944,464	1,587,046
Changes in Net Unrealized Gains (Losses) included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign-denominated investments) related to Investments still held at Reporting Date	71,355	43,421
Real Assets | Level III	'	'
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation	'	'
Balance, Beginning of Period	1,775,683	1,526,732
Purchases	1,083,682	558,246
Sales	-65,545	-54,419
Net Realized Gains (Losses)	14,930	54,419
Net Unrealized Gains (Losses)	-72,042	-309,295
Balance, End of Period	2,736,708	1,775,683
Changes in Net Unrealized Gains (Losses) included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign-denominated investments) related to Investments still held at Reporting Date	-36,676	-268,179
Other | Level III	'	'
Fair value, assets measured on recurring basis, level 3 fair-value category reconciliation	'	'
Balance, Beginning of Period	239,230	96,179
Transfers In	34,978	1,061
Transfers Out	-23,304	-613
Purchases	144,884	154,468
Sales	-69,866	-61,428
Net Realized Gains (Losses)	-6,835	28,581
Net Unrealized Gains (Losses)	29,399	20,982
Balance, End of Period	348,486	239,230
Changes in Net Unrealized Gains (Losses) included in Net Gains (Losses) from Investment Activities (including foreign exchange gains and losses attributable to foreign-denominated investments) related to Investments still held at Reporting Date	$23,915	$43,485

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013
Low end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	5.00%
Level III | Private Equity	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	29,646,471,000
Level III | Private Equity | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	6,555,714,000
Level III | Private Equity | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	4,539,841,000
Level III | Private Equity | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	4,047,332,000
Level III | Private Equity | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	3,707,020,000
Level III | Private Equity | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	3,200,813,000
Level III | Private Equity | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	7,595,751,000
Level III | Energy/Infrastructure	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	2,037,673,000
Level III | Real Estate	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	699,035,000
Level III | Credit	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	1,944,464,000
Level III | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Value of investments in real assets whose valuation inputs are not comparable to other private equity investments	348,500,000
Level III | Real Assets	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	2,736,708,000
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Weighted Average | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	7.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Weighted Average | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	8.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Weighted Average | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	11.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Weighted Average | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	11.00%
Weight Ascribed to Market Comparables (as a percent)	59.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	41.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Weighted Average | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	10.00%
Weight Ascribed to Market Comparables (as a percent)	52.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	48.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Weighted Average | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	11.00%
Weight Ascribed to Market Comparables (as a percent)	47.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	53.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Low end of range | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	5.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Low end of range | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	5.00%
Weight Ascribed to Market Comparables (as a percent)	0.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Low end of range | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	5.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Low end of range | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	10.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	33.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Low end of range | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	5.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	0.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | Low end of range | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	10.00%
Weight Ascribed to Market Comparables (as a percent)	0.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	33.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | High end of range | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	15.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | High end of range | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	20.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	100.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | High end of range | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	15.00%
Weight Ascribed to Market Comparables (as a percent)	50.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | High end of range | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	15.00%
Weight Ascribed to Market Comparables (as a percent)	67.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | High end of range | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	15.00%
Weight Ascribed to Market Comparables (as a percent)	100.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	50.00%
Level III | Market Comparables and Discounted Cash Flows | Private Equity | High end of range | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Illiquidity Discount (as a percent)	20.00%
Weight Ascribed to Market Comparables (as a percent)	67.00%
Weight Ascribed to Discounted Cash Flow (as a percent)	100.00%
Level III | Market Comparables | Private Equity | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple, excluded investment	24.7
Enterprise Value / Forward EBITDA Multiple, excluded investment	18.2
Level III | Market Comparables | Private Equity | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Maximum percentage of investments that utilize some control premium as a percent of the total investments	5.00%
Level III | Market Comparables | Private Equity | Weighted Average | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	11
Enterprise Value / Forward EBITDA Multiple	11
Level III | Market Comparables | Private Equity | Weighted Average | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	11
Enterprise Value / Forward EBITDA Multiple	10
Level III | Market Comparables | Private Equity | Weighted Average | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	12
Enterprise Value / Forward EBITDA Multiple	12
Level III | Market Comparables | Private Equity | Weighted Average | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	11
Enterprise Value / Forward EBITDA Multiple	10
Level III | Market Comparables | Private Equity | Weighted Average | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	12
Enterprise Value / Forward EBITDA Multiple	11
Level III | Market Comparables | Private Equity | Weighted Average | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	12
Enterprise Value / Forward EBITDA Multiple	10
Control Premium (as a percent)	3.00%
Level III | Market Comparables | Private Equity | Low end of range | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	10
Enterprise Value / Forward EBITDA Multiple	9
Level III | Market Comparables | Private Equity | Low end of range | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	8
Enterprise Value / Forward EBITDA Multiple	8
Level III | Market Comparables | Private Equity | Low end of range | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	6
Enterprise Value / Forward EBITDA Multiple	7
Level III | Market Comparables | Private Equity | Low end of range | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	8
Enterprise Value / Forward EBITDA Multiple	8
Level III | Market Comparables | Private Equity | Low end of range | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	11
Enterprise Value / Forward EBITDA Multiple	10
Level III | Market Comparables | Private Equity | Low end of range | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	6
Enterprise Value / Forward EBITDA Multiple	5
Control Premium (as a percent)	0.00%
Level III | Market Comparables | Private Equity | High end of range | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	13
Enterprise Value / Forward EBITDA Multiple	12
Level III | Market Comparables | Private Equity | High end of range | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	13
Enterprise Value / Forward EBITDA Multiple	11
Portfolio company's investments as a percentage of total investments, at fair value	0.50%
Level III | Market Comparables | Private Equity | High end of range | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	15
Enterprise Value / Forward EBITDA Multiple	14
Level III | Market Comparables | Private Equity | High end of range | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	17
Enterprise Value / Forward EBITDA Multiple	14
Level III | Market Comparables | Private Equity | High end of range | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	13
Enterprise Value / Forward EBITDA Multiple	11
Level III | Market Comparables | Private Equity | High end of range | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Enterprise Value / LTM EBITDA Multiple	17
Enterprise Value / Forward EBITDA Multiple	14
Control Premium (as a percent)	20.00%
Level III | Direct Income Capitalization And Discounted Cash Flow | Real Estate | Weighted Average	'
Level III investments and other financial instruments by valuation methodologies	'
Weight Ascribed to Discounted Cash Flow (as a percent)	81.00%
Weight Ascribed to direct income capitalization (as a percent)	19.00%
Level III | Direct Income Capitalization And Discounted Cash Flow | Real Estate | Low end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Weight Ascribed to Discounted Cash Flow (as a percent)	0.00%
Weight Ascribed to direct income capitalization (as a percent)	0.00%
Level III | Direct Income Capitalization And Discounted Cash Flow | Real Estate | High end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Weight Ascribed to Discounted Cash Flow (as a percent)	100.00%
Weight Ascribed to direct income capitalization (as a percent)	100.00%
Level III | Discounted Cash Flows | Private Equity | Weighted Average | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	9.00%
Enterprise Value / Exit Multiple LTM EBITDA	11
Level III | Discounted Cash Flows | Private Equity | Weighted Average | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	11.00%
Enterprise Value / Exit Multiple LTM EBITDA	8
Level III | Discounted Cash Flows | Private Equity | Weighted Average | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	11.00%
Enterprise Value / Exit Multiple LTM EBITDA	9
Level III | Discounted Cash Flows | Private Equity | Weighted Average | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	10.00%
Enterprise Value / Exit Multiple LTM EBITDA	9
Level III | Discounted Cash Flows | Private Equity | Weighted Average | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	9.00%
Enterprise Value / Exit Multiple LTM EBITDA	10
Level III | Discounted Cash Flows | Private Equity | Weighted Average | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	12.00%
Enterprise Value / Exit Multiple LTM EBITDA	9
Level III | Discounted Cash Flows | Private Equity | Low end of range | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	8.00%
Enterprise Value / Exit Multiple LTM EBITDA	9
Level III | Discounted Cash Flows | Private Equity | Low end of range | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	8.00%
Enterprise Value / Exit Multiple LTM EBITDA	6
Level III | Discounted Cash Flows | Private Equity | Low end of range | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	8.00%
Enterprise Value / Exit Multiple LTM EBITDA	6
Level III | Discounted Cash Flows | Private Equity | Low end of range | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	8.00%
Enterprise Value / Exit Multiple LTM EBITDA	6
Level III | Discounted Cash Flows | Private Equity | Low end of range | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	9.00%
Enterprise Value / Exit Multiple LTM EBITDA	10
Level III | Discounted Cash Flows | Private Equity | Low end of range | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	9.00%
Enterprise Value / Exit Multiple LTM EBITDA	5
Level III | Discounted Cash Flows | Private Equity | High end of range | Health Care	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	13.00%
Enterprise Value / Exit Multiple LTM EBITDA	12
Level III | Discounted Cash Flows | Private Equity | High end of range | Retail	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	23.00%
Enterprise Value / Exit Multiple LTM EBITDA	9
Level III | Discounted Cash Flows | Private Equity | High end of range | Technology	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	14.00%
Enterprise Value / Exit Multiple LTM EBITDA	11
Level III | Discounted Cash Flows | Private Equity | High end of range | Consumer Products	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	20.00%
Enterprise Value / Exit Multiple LTM EBITDA	11
Level III | Discounted Cash Flows | Private Equity | High end of range | Financial Services	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	10.00%
Enterprise Value / Exit Multiple LTM EBITDA	11
Level III | Discounted Cash Flows | Private Equity | High end of range | Other	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	20.00%
Enterprise Value / Exit Multiple LTM EBITDA	12
Level III | Discounted Cash Flows | Energy/Infrastructure | Weighted Average	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	11.00%
Enterprise Value / Exit Multiple LTM EBITDA	7
Level III | Discounted Cash Flows | Energy/Infrastructure | Low end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	6.00%
Enterprise Value / Exit Multiple LTM EBITDA	7
Level III | Discounted Cash Flows | Energy/Infrastructure | High end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Weighted average cost of capital (as a percent)	27.00%
Enterprise Value / Exit Multiple LTM EBITDA	11
Level III | Discounted Cash Flows | Real Estate | Weighted Average	'
Level III investments and other financial instruments by valuation methodologies	'
Unlevered Discount Rate (as a percent)	11.00%
Level III | Discounted Cash Flows | Real Estate | Low end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Unlevered Discount Rate (as a percent)	9.00%
Level III | Discounted Cash Flows | Real Estate | High end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Unlevered Discount Rate (as a percent)	24.00%
Level III | Direct income capitalization | Real Estate | Weighted Average	'
Level III investments and other financial instruments by valuation methodologies	'
Capitalization Rate (as a percent)	7.00%
Level III | Direct income capitalization | Real Estate | Low end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Capitalization Rate (as a percent)	6.00%
Level III | Direct income capitalization | Real Estate | High end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Capitalization Rate (as a percent)	9.00%
Level III | Yield analysis | Credit | Weighted Average	'
Level III investments and other financial instruments by valuation methodologies	'
Yield to maturity (as a percent)	11.00%
Net Leverage	5
EBITDA Multiple	9
Level III | Yield analysis | Credit | Low end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Yield to maturity (as a percent)	6.00%
Net Leverage	1
EBITDA Multiple	5
Level III | Yield analysis | Credit | High end of range	'
Level III investments and other financial instruments by valuation methodologies	'
Yield to maturity (as a percent)	25.00%
Net Leverage	12
EBITDA Multiple	13
Level III | Dealer quotes or third party fund managers | Credit	'
Level III investments and other financial instruments by valuation methodologies	'
Fair Value	24,100,000

NET_INCOME_LOSS_ATTRIBUTABLE_T2

NET INCOME (LOSS) ATTRIBUTABLE TO KKR & CO. L.P. PER COMMON UNIT (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net Income (Loss) Attributable to KKR & Co. L.P.	'	'	'	'	'	'	'	'	'	'	'
Basic	$277,913	$204,740	$15,134	$193,439	$96,728	$127,411	$146,261	$190,436	$691,226	$560,836	$1,921
Diluted	'	'	'	'	'	'	'	'	$691,226	$560,836	$1,921
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit	'	'	'	'	'	'	'	'	'	'	'
Basic (in dollars per unit)	$0.96	$0.73	$0.06	$0.75	$0.39	$0.53	$0.62	$0.83	$2.51	$2.35	$0.01
Diluted (in dollars per unit)	$0.89	$0.66	$0.05	$0.69	$0.36	$0.49	$0.58	$0.80	$2.30	$2.21	$0.01
Weighted-Average Common Units Outstanding	'	'	'	'	'	'	'	'	'	'	'
Basic (in units)	288,045,501	282,148,802	271,983,811	257,044,184	249,303,558	239,696,358	235,781,983	229,099,335	274,910,628	238,503,257	220,235,469
Diluted (in units)	312,340,336	308,135,191	298,078,764	282,042,521	268,192,128	257,646,622	252,507,802	237,832,106	300,254,090	254,093,160	222,519,174

OTHER_ASSETS_AND_ACCOUNTS_PAYA2

OTHER ASSETS AND ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other assets	'	'	'
Due from Broker	$720,245	$189,202	'
Interest, Dividend and Notes Receivable	380,099	469,456	'
Unsettled Investment Sales	85,097	90,666	'
Intangible Assets, net	177,545	197,484	'
Deferred Tax Assets, net	165,699	105,654	'
Oil & Gas Assets, net	187,448	'	'
Goodwill	89,000	89,000	'
Fixed Assets, net	80,565	79,570	'
Receivables	19,455	267,126	'
Deferred Financing Costs	22,773	20,918	'
Prepaid Taxes	26,901	706	'
Deferred Transaction Costs	13,800	14,633	'
Prepaid Expenses	9,846	11,373	'
Refundable Security Deposits	6,924	7,428	'
Other	20,143	15,061	'
Total Other Assets	2,094,630	1,701,055	'
Interest rate on promissory notes, low end of range (as a percent)	1.50%	'	'
Interest rate on promissory notes, high end of range (as a percent)	3.00%	'	'
Intangible assets, accumulated amortization	41,341	21,402	'
Intangible assets, amortization expense	19,939	7,826	3,788
Accumulated depreciation and amortization	100,724	92,467	'
Depreciation and amortization expense	14,714	12,573	10,073
Foreign currency contract cost basis	2,332	2,332	'
Accounts Payable, Accrued Expenses and Other Liabilities	'	'	'
Amounts Payable to Carry Pool	1,062,643	776,750	'
Securities Sold Short	676,144	350,353	'
Unsettled Investment Purchases	260,164	172,583	'
Accounts Payable and Accrued Expenses	165,092	97,389	'
Accrued Compensation and Benefits	21,531	17,265	'
Contingent Consideration Obligation	122,800	71,300	'
Due to Broker	28,669	49,204	'
Deferred Rent and Income	28,029	19,228	'
Interest Payable	23,700	11,746	'
Redemptions Payable	13,618	9,177	'
Taxes Payable	5,742	9,250	'
Other Liabilities	17,012	7,734	'
Total accounts payable, accrued expenses and other liabilities	2,839,926	1,824,655	'
Securities sold, not yet purchased, cost basis	650,026	343,440	'
Cost basis for instruments	39,197,800	36,647,369	'
Foreign Exchange Contracts	'	'	'
Other assets	'	'	'
Foreign currency contract assets	85,750	137,786	'
Accounts Payable, Accrued Expenses and Other Liabilities	'	'	'
Foreign currency contract liabilities	410,191	229,314	'
Foreign Exchange Options	'	'	'
Other assets	'	'	'
Foreign currency contract assets	3,340	4,992	'
Accounts Payable, Accrued Expenses and Other Liabilities	'	'	'
Foreign currency contract liabilities	4,591	3,362	'
Cost basis for instruments	$0	$0	'

DEBT_OBLIGATIONS_Details

DEBT OBLIGATIONS (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 29, 2010

Dec. 31, 2013

Feb. 01, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 03, 2011

Dec. 31, 2013

Dec. 31, 2012

Feb. 22, 2011

Feb. 26, 2008

Feb. 26, 2008

Aug. 20, 2012

Jun. 22, 2012

Dec. 31, 2013

Feb. 26, 2008

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

2020 and 2043 Senior Notes

2020 Senior Notes

2020 Senior Notes

2020 Senior Notes

2043 Senior Notes

2043 Senior Notes

Revolving Credit Arrangements

Revolving Credit Arrangements

Investment Financing Facilities

Investment Financing Facilities

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

Corporate Credit Agreement

KCM Credit Agreement

KCM Credit Agreement

KCM Credit Agreement

Swing-line notes

Letters of Credit

Letters of Credit

Letters of Credit

Letters of Credit

Letters of Credit

Debt obligations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available

$1,781,231,000

$1,627,055,000

'

'

'

'

'

'

$1,250,000,000

$1,250,000,000

$531,231,000

$377,055,000

'

'

'

'

'

'

'

'

$5,000,000

'

'

'

'

Carrying Value

1,908,606,000

1,123,414,000

'

498,596,000

498,388,000

'

494,454,000

'

'

'

915,556,000

625,026,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value

1,944,686,000

1,204,226,000

'

560,930,000

579,200,000

'

468,200,000

'

'

'

915,556,000

625,026,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal amount

'

'

'

'

'

500,000,000

'

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

6.38%

'

5.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of par value at which debt was issued

'

'

'

'

'

99.58%

'

98.86%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum percentage of aggregate principal amount held by trustee or holders to declare notes due and payable

'

'

'

25.00%

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of principal amount at which notes are subject to repurchase in event of change of control

'

'

'

101.00%

'

'

101.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

750,000,000

'

'

700,000,000

1,000,000,000

50,000,000

'

'

'

25,000,000

500,000,000

'

500,000,000

Additions to maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Amount borrowed

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

'

'

20,000,000

14,500,000

'

'

0

0

'

Outstanding amount

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

'

'

'

'

'

'

0

0

'

Weighted average interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

3.09%

3.09%

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average maturity period

'

'

'

'

'

'

'

'

'

'

'2 years 3 months 18 days

'3 years 2 months 12 days

'

'

'

'

'

'

'

'

'

'

'

'

'

Details of principal payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2014

66,265,000

'

'

'

'

'

'

'

'

'

66,265,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2015

367,179,000

'

'

'

'

'

'

'

'

'

367,179,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2016

393,263,000

'

'

'

'

'

'

'

'

'

393,263,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Thereafter

1,088,849,000

'

1,000,000,000

'

'

'

'

'

'

'

88,849,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total

$1,915,556,000

'

$1,000,000,000

'

'

'

'

'

'

'

$915,556,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current	'	'	'	'	'	'	'	'	'	'	'
Federal Income Tax	'	'	'	'	'	'	'	'	$35,234	$45,918	$79,713
State and Local Income Tax	'	'	'	'	'	'	'	'	6,269	19,233	30,508
Foreign Income Tax	'	'	'	'	'	'	'	'	22,740	14,348	11,581
Subtotal	'	'	'	'	'	'	'	'	64,243	79,499	121,802
Deferred	'	'	'	'	'	'	'	'	'	'	'
Federal Income Tax	'	'	'	'	'	'	'	'	-21,277	-25,929	-23,760
State and Local Income Tax	'	'	'	'	'	'	'	'	-4,319	-9,542	-6,501
Foreign Income Tax	'	'	'	'	'	'	'	'	-721	-623	-2,296
Subtotal	'	'	'	'	'	'	'	'	-26,317	-36,094	-32,557
Total Income Taxes	12,401	7,644	8,525	9,356	5,628	9,612	11,093	17,072	37,926	43,405	89,245
Table reconciling the Provision to Taxes to the U.S federal statutory tax rate	'	'	'	'	'	'	'	'	'	'	'
Statutory U.S. Federal Income Tax Rate	'	'	'	'	'	'	'	'	35.00%	35.00%	35.00%
Income not attributable to KKR Management Holdings Corp.	'	'	'	'	'	'	'	'	-35.84%	-35.77%	-35.11%
Foreign Income Taxes	'	'	'	'	'	'	'	'	0.28%	0.17%	0.96%
State and Local Income Taxes	'	'	'	'	'	'	'	'	0.00%	0.08%	1.88%
Compensation Charges Borne by Holdings	'	'	'	'	'	'	'	'	1.35%	1.39%	6.70%
Other	'	'	'	'	'	'	'	'	-0.31%	-0.33%	-0.19%
Effective Income Tax Rate	'	'	'	'	'	'	'	'	0.48%	0.54%	9.24%
Deferred Tax Assets	'	'	'	'	'	'	'	'	'	'	'
Fund Management Fees	62,021	'	'	'	54,660	'	'	'	62,021	54,660	'
Employee Compensation	22,371	'	'	'	17,008	'	'	'	22,371	17,008	'
KKR Holdings Unit Exchanges	113,314	'	'	'	85,018	'	'	'	113,314	85,018	'
Other	1,320	'	'	'	1,797	'	'	'	1,320	1,797	'
Total Deferred Tax Assets	199,026	'	'	'	158,483	'	'	'	199,026	158,483	'
Deferred Tax Liabilities	'	'	'	'	'	'	'	'	'	'	'
Investment Basis Differences / Net Unrealized Gains	30,303	'	'	'	47,735	'	'	'	30,303	47,735	'
Other	3,024	'	'	'	5,094	'	'	'	3,024	5,094	'
Total Deferred Tax Liabilities	33,327	'	'	'	52,829	'	'	'	33,327	52,829	'
Reconciliation of the total amounts of unrecognized tax benefits:	'	'	'	'	'	'	'	'	'	'	'
Unrecognized Tax Benefits, beginning of period	'	'	'	4,627	'	'	'	3,850	4,627	3,850	3,973
Gross increases in tax positions in prior periods	'	'	'	'	'	'	'	'	'	31	175
Gross decreases in tax positions in prior periods	'	'	'	'	'	'	'	'	-33	'	'
Gross increases in tax positions in current period	'	'	'	'	'	'	'	'	2,741	985	555
Lapse of statute of limitations	'	'	'	'	'	'	'	'	-1,307	-239	-853
Unrecognized Tax Benefits, end of period	6,028	'	'	'	4,627	'	'	'	6,028	4,627	3,850
Valuation allowance	$0	'	'	'	'	'	'	'	$0	'	'

EQUITY_BASED_COMPENSATION_Deta

EQUITY BASED COMPENSATION (Details) (Compensation and Benefits, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Expense associated with equity based compensation	'	'	'
Equity based expenses	$307,514	$400,207	$470,221
Equity Incentive Plan Units	'	'	'
Expense associated with equity based compensation	'	'	'
Equity based expenses	114,709	62,876	16,615
KKR Holdings Principal Awards	'	'	'
Expense associated with equity based compensation	'	'	'
Equity based expenses	88,641	230,394	324,014
KKR Holdings Restricted Equity Units	'	'	'
Expense associated with equity based compensation	'	'	'
Equity based expenses	3,768	9,588	16,848
Discretionary Compensation	'	'	'
Expense associated with equity based compensation	'	'	'
Equity based expenses	$100,396	$97,349	$112,744

EQUITY_BASED_COMPENSATION_Deta1

EQUITY BASED COMPENSATION (Details 2) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
	portionofaward
Equity Incentive Plan	'	'
Equity Based Payments	'	'
Minimum transfer restriction period with respect to one-half awards vested	'1 year	'
Portion of awards vested having one-year transfer restriction period	0.5	'
Minimum transfer restriction period with respect to remaining one-half awards vested	'2 years	'
Portion of awards vested having two-year transfer restriction period	0.5	'
Maximum forfeiture rate assumed (as a percent)	6.00%	'
Estimated unrecognized equity-based payment expense	$173.10	'
Units	'	'
Balance at the beginning of the period (in units)	17,920,926	'
Granted (in units)	12,996,653	'
Vested (in units)	-6,874,154	'
Forfeited (in units)	-1,100,438	'
Balance at the end of the period (in units)	22,942,987	'
Weighted Average Grant Date Fair Value	'	'
Balance at the beginning of the period (in dollars per unit)	$9.11	'
Granted (in dollars per unit)	$12.64	'
Vested (in dollars per unit)	$12.50	'
Forfeited (in dollars per unit)	$9.99	'
Balance at the end of the period (in dollars per unit)	$10.05	'
Weighted average remaining vesting period over which unvested units are expected to vest	'1 year 6 months	'
Total awards issuable as a percentage of diluted common units outstanding	15.00%	'
Number of common units granted to date (in units)	34,974,758	'
Minimum retained ownership required to continuously hold common unit equivalents to as percentage of cumulatively vested interests	15.00%	'
Equity Incentive Plan | 2014	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	89.4	'
Equity Incentive Plan | 2015	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	56.5	'
Equity Incentive Plan | 2016	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	19.2	'
Equity Incentive Plan | 2017	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	6.1	'
Equity Incentive Plan | 2018	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	1.9	'
Equity Incentive Plan | Minimum	'	'
Equity Based Payments	'	'
Vesting period	'3 years	'
Discount rate (as a percent)	7.00%	'
Equity Incentive Plan | Maximum	'	'
Equity Based Payments	'	'
Vesting period	'5 years	'
Discount rate (as a percent)	52.00%	'
Principals' equity based awards	'	'
Units	'	'
Balance at the end of the period (in units)	32,801,131	'
Restricted Equity Units	'	'
Units	'	'
Balance at the end of the period (in units)	556,205	'
KKR Holdings L.P. | Principals' equity based awards	'	'
Equity Based Payments	'	'
Common units conversion basis	1	'
Ownership percentage in KKR Group Partnership Units	58.40%	63.10%
Number of common units owned in KKR Group Partnership Units (in units)	404,369,018	432,553,276
Minimum transfer restriction period with respect to one-half awards vested	'1 year	'
Portion of awards vested having one-year transfer restriction period	0.5	'
Minimum transfer restriction period with respect to remaining one-half awards vested	'2 years	'
Portion of awards vested having two-year transfer restriction period	0.5	'
Minimum retained ownership requirement (as a percent)	25.00%	'
Allocation of awards not communicated to principals (in units)	32,318,948	'
Maximum forfeiture rate assumed (as a percent)	6.00%	'
Estimated unrecognized equity-based payment expense	50.3	'
Units	'	'
Balance at the beginning of the period (in units)	64,569,667	'
Granted (in units)	1,761,382	'
Vested (in units)	-28,952,216	'
Forfeited (in units)	-4,577,702	'
Balance at the end of the period (in units)	32,801,131	'
Weighted Average Grant Date Fair Value	'	'
Balance at the beginning of the period (in dollars per unit)	$7.42	'
Granted (in dollars per unit)	$12.07	'
Vested (in dollars per unit)	$8.10	'
Forfeited (in dollars per unit)	$7	'
Balance at the end of the period (in dollars per unit)	$7.13	'
Weighted average remaining vesting period over which unvested units are expected to vest	'10 months 24 days	'
KKR Holdings L.P. | Principals' equity based awards | 2014	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	41.6	'
KKR Holdings L.P. | Principals' equity based awards | 2015	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	6.9	'
KKR Holdings L.P. | Principals' equity based awards | 2016	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	1.7	'
KKR Holdings L.P. | Principals' equity based awards | 2017	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	0.1	'
KKR Holdings L.P. | Principals' equity based awards | Minimum	'	'
Equity Based Payments	'	'
Vesting period	'3 years	'
Percentage of units vested on fulfillment of performance-based vesting conditions	0.00%	'
Discount rate (as a percent)	7.00%	'
KKR Holdings L.P. | Principals' equity based awards | Maximum	'	'
Equity Based Payments	'	'
Vesting period	'5 years	'
Percentage of units vested on fulfillment of performance-based vesting conditions	100.00%	'
Discount rate (as a percent)	52.00%	'
KKR Holdings L.P. | Restricted Equity Units	'	'
Equity Based Payments	'	'
Maximum forfeiture rate assumed (as a percent)	6.00%	'
Estimated unrecognized equity-based payment expense	1.3	'
Units	'	'
Balance at the beginning of the period (in units)	1,064,712	'
Vested (in units)	-460,841	'
Forfeited (in units)	-47,666	'
Balance at the end of the period (in units)	556,205	'
Weighted Average Grant Date Fair Value	'	'
Balance at the beginning of the period (in dollars per unit)	$12.03	'
Vested (in dollars per unit)	$11.61	'
Forfeited (in dollars per unit)	$14.20	'
Balance at the end of the period (in dollars per unit)	$12.19	'
Weighted average remaining vesting period over which unvested units are expected to vest	'9 months 18 days	'
KKR Holdings L.P. | Restricted Equity Units | 2014	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	1.1	'
KKR Holdings L.P. | Restricted Equity Units | 2015	'	'
Equity Based Payments	'	'
Estimated unrecognized equity-based payment expense	$0.20	'
KKR Holdings L.P. | Restricted Equity Units | Minimum	'	'
Equity Based Payments	'	'
Vesting period	'3 years	'
KKR Holdings L.P. | Restricted Equity Units | Maximum	'	'
Equity Based Payments	'	'
Vesting period	'5 years	'

EQUITY_BASED_COMPENSATION_Deta2

EQUITY BASED COMPENSATION (Details 3)	Dec. 31, 2013	Dec. 31, 2012
Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	22,942,987	17,920,926
Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	32,801,131	'
Restricted Equity Units	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	556,205	'
April 1, 2014 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	4,701,397	'
April 1, 2014 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	1,223,940	'
April 1, 2014 | Restricted Equity Units	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	154,791	'
October 1, 2014 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	4,401,121	'
October 1, 2014 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	26,521,438	'
October 1, 2014 | Restricted Equity Units	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	249,953	'
April 1, 2015 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	4,468,115	'
April 1, 2015 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	1,214,465	'
April 1, 2015 | Restricted Equity Units	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	128,728	'
October 1, 2015 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	3,463,723	'
October 1, 2015 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	2,281,657	'
October 1, 2015 | Restricted Equity Units	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	22,733	'
April 1, 2016 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	2,283,939	'
April 1, 2016 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	82,429	'
October 1, 2016 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	2,227,419	'
October 1, 2016 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	1,320,909	'
April 1, 2017 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	84,189	'
April 1, 2017 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	30,000	'
October 1, 2017 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	580,987	'
October 1, 2017 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	111,293	'
April 1, 2018 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	6,917	'
April 1, 2018 | Principals' equity based awards	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	15,000	'
October 1, 2018 | Equity Incentive Plan	'	'
Remaining vesting tranches for principals	'	'
Principal Units (in units)	725,180	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transactions	'	'	'
Due from Affiliates	$143,908,000	$122,185,000	'
Due to Affiliates	93,851,000	72,830,000	'
Consolidated assets	51,427,201,000	44,426,353,000	40,377,645,000
KKR Principals	'	'	'
Aircraft and Other Services	'	'	'
Expenses incurred for the use of aircraft	4,200,000	4,600,000	5,000,000
Related Entities	'	'	'
Related Party Transactions	'	'	'
Due from Affiliates	98,793,000	73,357,000	'
Due to Affiliates	4,054,000	2,455,000	'
Portfolio Companies	'	'	'
Related Party Transactions	'	'	'
Due from Affiliates	45,115,000	48,828,000	'
KKR Holdings L.P.	'	'	'
Related Party Transactions	'	'	'
Due to Affiliates	89,797,000	70,375,000	'
KFN	'	'	'
Related Party Transactions	'	'	'
Consolidated assets	8,700,000,000	8,400,000,000	'
Shareholders' equity	2,500,000,000	1,800,000,000	'
KFN | Maximum	'	'	'
Related Party Transactions	'	'	'
Ownership percentage in affiliate	1.00%	1.00%	'
Ownership percentage in affiliate if all vested options were exercised	1.00%	1.00%	'
Professionals, including principals and other qualifying employees	'	'	'
Discretionary Investments	'	'	'
Cash investment	292,800,000	108,900,000	227,800,000
Real-estate based partnership	'	'	'
Facilities	'	'	'
Payments made to partnership	$7,200,000	$6,800,000	$6,500,000

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)

3 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jan. 23, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

item

Nephila Capital Ltd.

Maximum

Maximum

Maximum

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Reportable segments

Private Markets

Private Markets

Private Markets

Public Markets

Public Markets

Public Markets

Capital Markets and Principal Activities

Capital Markets and Principal Activities

Capital Markets and Principal Activities

SEGMENT REPORTING

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of reportable segments of the entity

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment reporting

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity interests acquired (as a percent)

'

'

'

'

'

'

'

'

'

'

'

24.90%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Management and incentive fees:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Management fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$665,630,000

$529,107,000

$515,384,000

$459,496,000

$423,921,000

$430,400,000

$206,134,000

$105,186,000

$84,984,000

'

'

'

Incentive fees

'

'

'

'

'

'

'

'

65,367,000

40,551,000

34,243,000

'

'

'

'

72,359,000

43,845,000

34,243,000

'

'

'

72,359,000

43,845,000

34,243,000

'

'

'

Management and incentive fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

737,989,000

572,952,000

549,627,000

459,496,000

423,921,000

430,400,000

278,493,000

149,031,000

119,227,000

'

'

'

Monitoring and transaction fees:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Monitoring fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

120,267,000

116,565,000

163,769,000

120,267,000

116,565,000

163,769,000

'

'

'

'

'

'

Transaction fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

336,686,000

240,108,000

349,130,000

150,118,000

96,454,000

166,654,000

40,314,000

14,495,000

11,996,000

146,254,000

129,159,000

170,480,000

Fee credits

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-166,612,000

-105,730,000

-150,858,000

-136,662,000

-97,362,000

-144,928,000

-29,950,000

-8,368,000

-5,930,000

'

'

'

Net monitoring and transaction fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

290,341,000

250,943,000

362,041,000

133,723,000

115,657,000

185,495,000

10,364,000

6,127,000

6,066,000

146,254,000

129,159,000

170,480,000

Total fees

224,902,000

220,028,000

166,376,000

151,240,000

177,621,000

162,154,000

112,360,000

116,307,000

762,546,000

568,442,000

723,620,000

'

'

'

'

1,028,330,000

823,895,000

911,668,000

593,219,000

539,578,000

615,895,000

288,857,000

155,158,000

125,293,000

146,254,000

129,159,000

170,480,000

Expenses

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation and benefits

'

'

'

'

'

'

'

'

1,266,592,000

1,280,854,000

868,749,000

'

'

'

'

343,772,000

272,811,000

257,951,000

231,911,000

192,765,000

185,709,000

77,378,000

50,705,000

46,133,000

34,483,000

29,341,000

26,109,000

Occupancy and related charges

'

'

'

'

'

'

'

'

61,720,000

58,205,000

54,282,000

'

'

'

'

56,327,000

55,068,000

51,009,000

48,045,000

48,562,000

45,694,000

6,863,000

5,606,000

4,059,000

1,419,000

900,000

1,256,000

Other operating expenses

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

215,883,000

176,205,000

185,555,000

154,982,000

147,253,000

157,901,000

49,210,000

18,350,000

15,483,000

11,691,000

10,602,000

12,171,000

Total Expenses

580,291,000

455,495,000

292,022,000

439,330,000

358,272,000

446,519,000

348,739,000

445,258,000

1,767,138,000

1,598,788,000

1,214,005,000

'

'

'

'

615,982,000

504,084,000

494,515,000

434,938,000

388,580,000

389,304,000

133,451,000

74,661,000

65,675,000

47,593,000

40,843,000

39,536,000

Fee related earnings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

412,348,000

319,811,000

417,153,000

158,281,000

150,998,000

226,591,000

155,406,000

80,497,000

59,618,000

98,661,000

88,316,000

130,944,000

Investment income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Realized carried interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

690,027,000

475,707,000

336,858,000

690,027,000

475,707,000

336,858,000

'

'

'

'

'

'

Unrealized carried interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

754,423,000

956,203,000

-73,237,000

692,085,000

917,048,000

-70,647,000

62,338,000

39,155,000

-2,590,000

'

'

'

Gross carried interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,444,450,000

1,431,910,000

263,621,000

1,382,112,000

1,392,755,000

266,211,000

62,338,000

39,155,000

-2,590,000

'

'

'

Less: Allocation to KKR carry pool

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-582,949,000

-581,206,000

-108,325,000

-558,014,000

-565,543,000

-109,361,000

-24,935,000

-15,663,000

1,036,000

'

'

'

Less: Management fee refunds

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-30,282,000

-143,723,000

-17,587,000

-30,282,000

-143,723,000

-17,587,000

'

'

'

'

'

'

Net carried interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

831,219,000

706,981,000

137,709,000

793,816,000

683,489,000

139,263,000

37,403,000

23,492,000

-1,554,000

'

'

'

Realized other investment income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

657,139,000

866,776,000

186,288,000

'

'

'

'

'

'

657,139,000

866,776,000

186,288,000

Unrealized other investment income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

301,262,000

244,346,000

16,470,000

1,897,000

599,000

-549,000

116,000

20,000

505,000

299,249,000

243,727,000

16,514,000

Total other investment income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

958,401,000

1,111,122,000

202,758,000

1,897,000

599,000

-549,000

116,000

20,000

505,000

956,388,000

1,110,503,000

202,802,000

Total Investment Income (Loss)

3,648,420,000

2,441,265,000

411,429,000

2,395,632,000

1,634,619,000

2,396,763,000

1,752,615,000

3,317,998,000

8,896,746,000

9,101,995,000

1,456,116,000

'

'

'

'

1,789,620,000

1,818,103,000

340,467,000

795,713,000

684,088,000

138,714,000

37,519,000

23,512,000

-1,049,000

956,388,000

1,110,503,000

202,802,000

Income (loss) before noncontrolling interests in income of consolidated entities

3,293,031,000

2,205,798,000

285,783,000

2,107,542,000

1,453,968,000

2,112,398,000

1,516,236,000

2,989,047,000

7,892,154,000

8,071,649,000

965,731,000

'

'

'

'

2,201,968,000

2,137,914,000

757,620,000

953,994,000

835,086,000

365,305,000

192,925,000

104,009,000

58,569,000

1,055,049,000

1,198,819,000

333,746,000

Income (loss) attributable to noncontrolling interests

'

'

'

'

'

'

'

'

7,100,747,000

7,432,445,000

870,247,000

'

'

'

'

6,387,000

7,043,000

6,671,000

1,498,000

3,390,000

2,536,000

1,560,000

1,079,000

599,000

3,329,000

2,574,000

3,536,000

Economic net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,195,581,000

2,130,871,000

750,949,000

952,496,000

831,696,000

362,769,000

191,365,000

102,930,000

57,970,000

1,051,720,000

1,196,245,000

330,210,000

Allocation of economic net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Assets

51,427,201,000

'

'

'

44,426,353,000

'

'

'

51,427,201,000

44,426,353,000

40,377,645,000

'

'

'

'

8,983,057,000

7,597,313,000

6,415,408,000

1,600,433,000

1,295,576,000

855,672,000

360,891,000

334,101,000

67,894,000

7,021,733,000

5,967,636,000

5,491,842,000

Book Value

2,722,010,000

'

'

'

2,004,359,000

'

'

'

2,722,010,000

2,004,359,000

1,328,698,000

'

'

'

'

7,762,600,000

6,957,184,000

5,710,584,000

1,521,757,000

1,215,513,000

728,440,000

341,198,000

316,929,000

59,012,000

5,899,645,000

5,424,742,000

4,923,132,000

Fee Credits as a percentage of monitoring and transaction fees net of fund-related expenses

'

'

'

'

'

'

'

'

80.00%

80.00%

80.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of cash management fees to be refunded if carried interest is recognized

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

20.00%

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

Reduction in carried interest as percentage of cash management fees on recognition of carried interest

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

20.00%

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

Management fee refunds liability

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of carried interest subject to management fee refunds

'

'

'

'

'

'

'

'

'

'

$91,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity ownership in the business (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

1.00%

1.00%

'

'

'

SEGMENT_REPORTING_Details_2

SEGMENT REPORTING (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation from reportable segments to condensed consolidated financial statements	'	'	'	'	'	'	'	'	'	'	'
Fees	$224,902	$220,028	$166,376	$151,240	$177,621	$162,154	$112,360	$116,307	$762,546	$568,442	$723,620
Expenses	580,291	455,495	292,022	439,330	358,272	446,519	348,739	445,258	1,767,138	1,598,788	1,214,005
Investment income (loss)	3,648,420	2,441,265	411,429	2,395,632	1,634,619	2,396,763	1,752,615	3,317,998	8,896,746	9,101,995	1,456,116
Income (loss) before taxes	3,293,031	2,205,798	285,783	2,107,542	1,453,968	2,112,398	1,516,236	2,989,047	7,892,154	8,071,649	965,731
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	36,263	9,169	-7,800	24,623	16,412	9,994	3,285	5,272	62,255	34,963	4,318
Income (loss) attributable to noncontrolling interests	'	'	'	'	'	'	'	'	7,100,747	7,432,445	870,247
Total Assets	51,427,201	'	'	'	44,426,353	'	'	'	51,427,201	44,426,353	40,377,645
Book Value	2,722,010	'	'	'	2,004,359	'	'	'	2,722,010	2,004,359	1,328,698
Reportable segments	'	'	'	'	'	'	'	'	'	'	'
Reconciliation from reportable segments to condensed consolidated financial statements	'	'	'	'	'	'	'	'	'	'	'
Fees	'	'	'	'	'	'	'	'	1,028,330	823,895	911,668
Expenses	'	'	'	'	'	'	'	'	615,982	504,084	494,515
Investment income (loss)	'	'	'	'	'	'	'	'	1,789,620	1,818,103	340,467
Income (loss) before taxes	'	'	'	'	'	'	'	'	2,201,968	2,137,914	757,620
Income (loss) attributable to noncontrolling interests	'	'	'	'	'	'	'	'	6,387	7,043	6,671
Total Assets	8,983,057	'	'	'	7,597,313	'	'	'	8,983,057	7,597,313	6,415,408
Book Value	7,762,600	'	'	'	6,957,184	'	'	'	7,762,600	6,957,184	5,710,584
Adjustments	'	'	'	'	'	'	'	'	'	'	'
Reconciliation from reportable segments to condensed consolidated financial statements	'	'	'	'	'	'	'	'	'	'	'
Fees	'	'	'	'	'	'	'	'	-265,784	-255,453	-188,048
Expenses	'	'	'	'	'	'	'	'	1,151,156	1,094,704	719,490
Investment income (loss)	'	'	'	'	'	'	'	'	7,107,126	7,283,892	1,115,649
Income (loss) before taxes	'	'	'	'	'	'	'	'	5,690,186	5,933,735	208,111
Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	'	'	'	'	'	'	'	'	62,255	34,963	4,318
Income (loss) attributable to noncontrolling interests	'	'	'	'	'	'	'	'	7,094,360	7,425,402	863,576
Total Assets	42,444,144	'	'	'	36,829,040	'	'	'	42,444,144	36,829,040	33,962,237
Book Value	-5,040,590	'	'	'	-4,952,825	'	'	'	-5,040,590	-4,952,825	-4,381,886
Adjustments	'	'	'	'	'	'	'	'	'	'	'
Elimination of management fees upon consolidation of KKR funds and vehicles	'	'	'	'	'	'	'	'	487,669	430,963	435,183
Elimination of Fee Credits upon consolidation of KKR funds and vehicles	'	'	'	'	'	'	'	'	144,416	103,227	144,977
Reimbursable expenses included upon consolidation of KKR funds and vehicles	'	'	'	'	'	'	'	'	41,529	29,878	46,038
Other eliminations upon consolidation of KKR funds and vehicles	'	'	'	'	'	'	'	'	35,940	42,405	56,120
Inclusion of non-cash equity based charges	'	'	'	'	'	'	'	'	307,514	400,207	470,221
Exclusion of allocations to carry pool	'	'	'	'	'	'	'	'	582,949	581,206	108,325
Gross up of reimbursable expenses	'	'	'	'	'	'	'	'	58,358	41,615	46,038
Inclusion of operating expenses upon consolidation of KKR funds and vehicles	'	'	'	'	'	'	'	'	102,047	2,694	30,822
Inclusion of compensation	'	'	'	'	'	'	'	'	7,695	'	'
Other adjustments to expenses	'	'	'	'	'	'	'	'	92,593	68,982	64,084
Inclusion of investment income attributable to noncontrolling interests upon consolidation of KKR funds and vehicles	'	'	'	'	'	'	'	'	6,486,200	6,558,963	989,737
Exclusion of allocations to carry pool	'	'	'	'	'	'	'	'	582,949	581,206	108,325
Exclusion of management fee refunds	'	'	'	'	'	'	'	'	30,282	143,723	17,587
Exclusion of compensation and general and administrative expenses	'	'	'	'	'	'	'	'	7,695	'	'
Exclusion of noncontrolling interest held by KKR holdings	5,116,761	'	'	'	4,981,864	'	'	'	5,116,761	4,981,864	4,342,157
Adjustment related to equity impact of KKR Management Holding Corp. equity and other	$76,171	'	'	'	$29,039	'	'	'	$76,171	$29,039	$39,729

SEGMENT_REPORTING_Details_3

SEGMENT REPORTING (Details 3) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation from reportable segments to condensed consolidated financial statements	'	'	'	'	'	'	'	'	'	'	'
Net income (loss) attributable to KKR & Co. L.P.	$277,913	$204,740	$15,134	$193,439	$96,728	$127,411	$146,261	$190,436	$691,226	$560,836	$1,921
Plus: Equity based compensation	'	'	'	'	'	'	'	'	307,514	400,207	470,221
Plus: Income taxes	12,401	7,644	8,525	9,356	5,628	9,612	11,093	17,072	37,926	43,405	89,245
Income (loss) attributable to noncontrolling interests	'	'	'	'	'	'	'	'	7,100,747	7,432,445	870,247
Less: Investment income (loss)	3,648,420	2,441,265	411,429	2,395,632	1,634,619	2,396,763	1,752,615	3,317,998	8,896,746	9,101,995	1,456,116
Reportable segments	'	'	'	'	'	'	'	'	'	'	'
Reconciliation from reportable segments to condensed consolidated financial statements	'	'	'	'	'	'	'	'	'	'	'
Net income (loss) attributable to KKR & Co. L.P.	'	'	'	'	'	'	'	'	691,226	560,836	1,921
Plus: Net income (loss) attributable to noncontrolling interests held by KKR Holdings	'	'	'	'	'	'	'	'	1,056,126	1,116,740	185,352
Plus: Equity based compensation	'	'	'	'	'	'	'	'	307,514	400,207	470,221
Plus: Amortization of intangibles and other, net	'	'	'	'	'	'	'	'	102,789	9,683	4,210
Plus: Income taxes	'	'	'	'	'	'	'	'	37,926	43,405	89,245
Economic net income (loss)	'	'	'	'	'	'	'	'	2,195,581	2,130,871	750,949
Income (loss) attributable to noncontrolling interests	'	'	'	'	'	'	'	'	6,387	7,043	6,671
Less: Investment income (loss)	'	'	'	'	'	'	'	'	1,789,620	1,818,103	340,467
Fee related earnings	'	'	'	'	'	'	'	'	$412,348	$319,811	$417,153

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Oct. 02, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

KKR Prisma

KKR Prisma

KKR Prisma

KKR Prisma

KKR Prisma

KKR Prisma

KKR Prisma

Minimum

Maximum

Acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity interests acquired (as a percent)

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

Initial cash consideration transferred

'

'

'

'

'

'

'

'

'

'

'

$200,000,000

'

'

'

'

'

'

Fair Value of Assets Acquired and Liabilities Assumed:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash and Cash Equivalents

'

'

'

'

'

'

'

'

'

'

'

13,141,000

'

'

'

'

'

'

Other Assets

'

'

'

'

'

'

'

'

'

'

'

6,652,000

'

'

'

'

'

'

Intangible Assets

'

'

'

'

'

'

'

'

'

'

'

181,000,000

'

'

'

'

'

'

Goodwill

89,000,000

'

'

'

89,000,000

'

'

'

89,000,000

89,000,000

'

89,000,000

'

'

'

'

'

'

Total Assets

'

'

'

'

'

'

'

'

'

'

'

289,793,000

'

'

'

'

'

'

Liabilities Assumed

'

'

'

'

'

'

'

'

'

'

'

18,493,000

'

'

'

'

'

'

Total Liabilities

'

'

'

'

'

'

'

'

'

'

'

18,493,000

'

'

'

'

'

'

Fair Value of Contingent Consideration

122,800,000

'

'

'

71,300,000

'

'

'

122,800,000

71,300,000

'

'

71,300,000

122,800,000

71,300,000

'

'

'

Fees

224,902,000

220,028,000

166,376,000

151,240,000

177,621,000

162,154,000

112,360,000

116,307,000

762,546,000

568,442,000

723,620,000

'

17,200,000

'

'

'

'

'

Net income (loss)

277,913,000

204,740,000

15,134,000

193,439,000

96,728,000

127,411,000

146,261,000

190,436,000

691,226,000

560,836,000

1,921,000

'

1,100,000

'

'

'

'

'

Percentage of economic interest held by parent entity

'

'

'

'

'

'

'

'

'

'

'

'

'

36.90%

'

'

'

'

Fees - Pro forma basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

612,800,000

782,000,000

'

'

Net income - Pro forma basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

563,100,000

3,900,000

'

'

Net income (loss) attributable to KKR & Co. L.P. per common unit-basic (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2.36

$0.02

'

'

Net income (loss) attributable to KKR & Co. L.P. per common unit-diluted (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2.22

$0.02

'

'

Acquisition-related costs

'

'

'

'

'

'

'

'

'

'

'

3,700,000

'

'

'

'

'

'

Present value of undiscounted cash flows

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$155,000,000

GOODWILL_AND_INTANGIBLE_ASSETS2

GOODWILL AND INTANGIBLE ASSETS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
GOODWILL AND INTANGIBLE ASSETS	'	'
Carrying value of goodwill	$89,000,000	$89,000,000
Intangible Assets, Net consists of the following:	'	'
Finite - Lived Intangible Assets	218,886,000	218,886,000
Accumulated Amortization	-41,341,000	-21,402,000
Intangible Assets, Net	177,545,000	197,484,000
Changes in Intangible Assets, Net consists of the following:	'	'
Balance, Beginning of Year	197,484,000	24,310,000
Acquisitions	'	181,000,000
Amortization Expense	-19,939,000	-7,826,000
Balance, End of Year	177,545,000	197,484,000
Amortization expense relating to intangible assets held expected to be amortized	'	'
2014	19,900,000	'
2015	19,900,000	'
2016	19,900,000	'
2017	19,400,000	'
2018	$15,500,000	'
Weighted-average period over which intangible assets is expected to be amortized	'10 years 4 months 24 days	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Dec. 31, 2013	Dec. 16, 2013
		KKR Financial Holdings LLC
Litigation	'	'
Common units conversion basis	'	0.51
Investment Commitments	'	'
Unfunded commitments to private equity and other investment vehicles	$1,172,000,000	'
Unfunded commitments of capital market business	244,700,000	'
Operating lease, minimum future lease payments, net of sublease income	'	'
2014	46,463,000	'
2015	45,924,000	'
2016	45,657,000	'
2017	40,477,000	'
2018 and Thereafter	128,417,000	'
Total minimum payments required	306,938,000	'
Contingent Repayment Guarantees	'	'
Private equity fund carried interest amount subject to clawback provision assuming liquidation at fair value	0	'
Clawback obligation amount	1,350,700,000	'
Percentage of net losses on investment required capital to be contributed by general partners	20.00%	'
Private equity vehicles liquidation value for contingent repayment obligation of the general partners	0	'
Contingent repayment obligation of the general partners if private equity vehicles liquidated at fair value	0	'
Contingent repayment obligation of the general partners if private equity vehicles liquidated at zero value	496,400,000	'
Clawback receivable maximum potential amount	223,600,000	'
Clawback receivable	217,800,000	'
Clawback obligations, amount due from noncontrolling interest holders	0	'
Private equity fund carried interest amount subject to clawback provision	$0	'

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details 2) (Litigation, USD $)	Dec. 31, 2013
In Millions, unless otherwise specified	item
Litigation	'
Litigation	'
Estimated aggregate amount of losses	$37.50
Minimum number of matters in which a loss is both probable and reasonably estimable	1

REGULATORY_CAPITAL_REQUIREMENT1

REGULATORY CAPITAL REQUIREMENTS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
	item
REGULATORY CAPITAL REQUIREMENTS	'
Number of entities based in Mumbai subject to capital requirements of the RBI and SEBI	2
Cash restricted for payment of cash dividend and advances	$97

QUARTERLY_FINANCIAL_DATA_UNAUD2

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Statement of Operations Data:	'	'	'	'	'	'	'	'	'	'	'
Fees	$224,902	$220,028	$166,376	$151,240	$177,621	$162,154	$112,360	$116,307	$762,546	$568,442	$723,620
Less: Total Expenses	580,291	455,495	292,022	439,330	358,272	446,519	348,739	445,258	1,767,138	1,598,788	1,214,005
Total Investment Income (Loss)	3,648,420	2,441,265	411,429	2,395,632	1,634,619	2,396,763	1,752,615	3,317,998	8,896,746	9,101,995	1,456,116
Income (Loss) Before Taxes	3,293,031	2,205,798	285,783	2,107,542	1,453,968	2,112,398	1,516,236	2,989,047	7,892,154	8,071,649	965,731
Income Taxes	12,401	7,644	8,525	9,356	5,628	9,612	11,093	17,072	37,926	43,405	89,245
Net Income (Loss)	3,280,630	2,198,154	277,258	2,098,186	1,448,340	2,102,786	1,505,143	2,971,975	7,854,228	8,028,244	876,486
Less: Net Income (Loss) Attributable to Redeemable Noncontrolling Interests	36,263	9,169	-7,800	24,623	16,412	9,994	3,285	5,272	62,255	34,963	4,318
Less: Net Income (Loss) Attributable to Noncontrolling Interests	2,966,454	1,984,245	269,924	1,880,124	1,335,200	1,965,381	1,355,597	2,776,267	7,100,747	7,432,445	870,247
Net Income (Loss) Attributable to KKR & Co. L.P.	$277,913	$204,740	$15,134	$193,439	$96,728	$127,411	$146,261	$190,436	$691,226	$560,836	$1,921
Net Income (Loss) Attributable to KKR & Co. L.P. Per Common Unit	'	'	'	'	'	'	'	'	'	'	'
Basic (in dollars per unit)	$0.96	$0.73	$0.06	$0.75	$0.39	$0.53	$0.62	$0.83	$2.51	$2.35	$0.01
Diluted (in dollars per unit)	$0.89	$0.66	$0.05	$0.69	$0.36	$0.49	$0.58	$0.80	$2.30	$2.21	$0.01
Weighted Average Common Units Outstanding	'	'	'	'	'	'	'	'	'	'	'
Basic (in units)	288,045,501	282,148,802	271,983,811	257,044,184	249,303,558	239,696,358	235,781,983	229,099,335	274,910,628	238,503,257	220,235,469
Diluted (in units)	312,340,336	308,135,191	298,078,764	282,042,521	268,192,128	257,646,622	252,507,802	237,832,106	300,254,090	254,093,160	222,519,174

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	12 Months Ended			0 Months Ended
In Billions, except Share data in Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Mar. 04, 2014	Feb. 06, 2014	Dec. 31, 2013	Dec. 31, 2013
				Subsequent event	Subsequent event	Avoca Capital and its affiliates	Avoca Capital and its affiliates
							Subsequent event
							Maximum
Subsequent Events	'	'	'	'	'	'	'
Common unit distribution announced (in dollars per share)	$1.40	$1.22	$0.74	'	$0.48	'	'
Common unit distribution paid (in dollars per share)	'	'	'	$0.48	'	'	'
Assets under management	'	'	'	'	'	$8.40	'
Purchase price payable in common units	'	'	'	'	'	'	5