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REVENUES - ASSET MANAGEMENT
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUES - ASSET MANAGEMENT REVENUES - ASSET MANAGEMENT
For the years ended December 31, 2022, 2021 and 2020, respectively, Asset Management revenues consisted of the following:
 Years Ended December 31,
 202220212020
Management Fees$1,682,466 $1,301,975 $965,664 
Fee Credits(532,355)(464,594)(299,415)
Transaction Fees1,316,637 1,552,621 950,205 
Monitoring Fees131,750 134,472 127,907 
Incentive Fees33,537 55,701 10,404 
Expense Reimbursements102,927 178,572 149,522 
Oil and Gas Revenue— — 21,054 
Consulting Fees86,665 91,407 81,450 
Total Fees and Other2,821,627 2,850,154 2,006,791 
Carried Interest(2,068,662)5,388,354 1,719,527 
General Partner Capital Interest(431,847)1,454,060 504,573 
Total Capital Allocation-Based Income (Loss)(2,500,509)6,842,414 2,224,100 
Total Revenues - Asset Management$321,118 $9,692,568 $4,230,891 
KKR earns management fees, incentive fees and capital allocation-based income (loss) from investment funds, CLOs, and other vehicles whose primary focus is making investments in specified geographical locations and KKR also earns transaction, monitoring, and consulting fees from portfolio companies located in varying geographies. For the years ended December 31, 2022, 2021, and 2020, over 10% of consolidated revenues were earned in the United States.
For the year ended December 31, 2022, $1.7 billion, $0.5 billion, and $0.6 billion of total fees and other were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. For the year ended December 31, 2021, $1.5 billion, $0.7 billion, and $0.6 billion of total fees and other were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. For the year ended December 31, 2020, $0.9 billion, $0.6 billion, and $0.5 billion of total fees and other were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. The determination of the geographic region was based on the geographic focus of the associated investment vehicle or where the portfolio company is headquartered.
For the year ended December 31, 2022, $(1.6) billion, $0.1 billion, and $(1.0) billion of total capital allocation-based income (loss) were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. For the year ended December 31, 2021, $4.9 billion, $0.5 billion, and $1.4 billion of total capital allocation-based income (loss) were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. For the year ended December 31, 2020, $1.5 billion, $0.3 billion, and $0.4 billion of total capital allocation-based income (loss) were generated in the Americas, Europe/Middle East, and Asia-Pacific, respectively. The determination of the geographic region was based on the geographic focus of the associated investment vehicle.
For the year ended December 31, 2022, revenues from one of KKR’s flagship private equity funds contributed more than 10% of KKR's total fees and other representing approximately $0.2 billion. For the year ended December 31, 2022, revenues from three of KKR’s flagship private equity funds contributed more than 10% of KKR's total capital allocation-based income (loss) representing approximately $(2.6) billion. For the year ended December 31, 2021, revenues from two of KKR’s flagship private equity funds contributed more than 10% of KKR's total consolidated revenues representing approximately $4.5 billion of total consolidated revenues. For the year ended December 31, 2020, revenues from two of KKR’s flagship private equity funds contributed more than 10% of KKR's total consolidated revenues representing approximately $1.6 billion of total consolidated revenues.