Just a month after listing itself in New York, KKR decided to take off its proposed public offer which is worth $500 million at present.

The decision was taken by the private equity group since it saw a 29.4 per cent decline in its second quarter to end at $433 million. This is lesser than $613.5 million that it posted last year which was on a pro-forma basis.

But this will not stop the company from going for the issue in the future. And while the company has not made any elaborate description as to why it is shying away from the issue, analysts believe that this is going to be a good time that KKR is missing.

KKR has said that the lower incomes were because of low level of gains that its main investments did not give the kind of investments that it expected.

But noteworthy is the fact that while during this time the US markets had gone down by 11.5 per cent, but KKR stood with the portfolio of 5 per cent and 10 per cent.