Other operating expenses were $145 million. You're seeing a continued focus on expense management. This number is down 4% compared to Q1 of 2023. But we expect this line item to increase modestly over the balance of the year driven by continued investments in operations across KKR, alongside an increase in placement fees given our active fundraising pipeline.

May 1, 2024 / receipt, needs a key / Rob Lewin, CFO | earnings call 2024-05-01 | transcript 1e6d6c63-fe12-497c-aed4-baa73685f811 | chars 3604-3965 | segment 3

As people have quarantined, a meaningful percentage of stimulus and other disposable dollars have been spent on goods such as autos, furniture, and electronics, as opposed to services such as travel and leisure.

Nov 9, 2021 / receipt, needs a key / Dan Pietrzak, Chief Investment Officer and Co-Presiden | earnings call 2021-11-09 | transcript f32bc8d2-17a7-4951-bd13-b0008fb13fe8 | chars 6387-6598 | segment 6

Ultimately, we believe the majority of supply chain issues will be resolved over the coming quarters. as demand for durable goods returns to more normalized levels and consumers focus again on travel and leisure.

Nov 9, 2021 / receipt, needs a key / Dan Pietrzak, Chief Investment Officer and Co-Presiden | earnings call 2021-11-09 | transcript f32bc8d2-17a7-4951-bd13-b0008fb13fe8 | chars 6949-7161 | segment 7

Going forward, we believe Fed policymakers will continue to lead with a primary focus on the labor market and that hiring in certain sectors such as travel, hospitality and leisure, infrastructure, and home building will lead to a continued near-term drop in unemployment with wage growth perhaps occurring sooner than many observers may expect.

May 11, 2021 / receipt, needs a key / Dan Pietrzak, Chief Investment Officer and Co-Presiden | earnings call 2021-05-11 | transcript 2d134bf9-3b51-4af3-935f-a91a98974eac | chars 6027-6372 | segment 6

In terms of non-compensation related expenses, we have been deliberately prudent with expense management in 2020 and have obviously benefited from the limited amount of travel and office-related expenses this year.

Oct 30, 2020 / receipt, needs a key / Rob Lewin, CFO | earnings call 2020-10-30 | transcript 3949e469-4987-4b2b-8b6d-3af70988e135 | chars 4895-5109 | segment 5