True, the IPO track record of alternative asset firms has been underwhelming, as seen with the offerings of Blackstone (NYSE: BX) and Fortress Investment Group (NYSE: FIG).  Of course, the credit crunch is making it nearly impossible to finance mega deals.

But, such things aren’t a problem for KKR.  After all, the venerable private equity firm has filed an amendment to its IPO filing.

In fact, for the first half of 2007, profits increased about 26% to $667.4 million. 

That’s fine.  But, of course, the key concern is Q3.

What’s more, in light of the upcoming holidays, the KKR offering isn’t likely to hit the markets until Q1 of next year.

Also, visit DealProfiles.com to get a backgrounder on the IPO.