That result was in line with its peers, Blackstone IncBX.N and Carlyle Group IncCG.O, which also reported slower asset divestments in the first quarter. By Chibuike Oguh NEW YORK, May 8 (Reuters) - KKR & Co Inc KKR.N said on Monday its after-tax distributable earnings fell 26% year-on-year in the first quarter due to a sharp drop in asset sales from its private equity portfolio and lower transaction fees. KKR and other private equity firms cashed out on fewer investments during the quarter as inflation, higher interest rates, geopolitical tensions and financial market volatility weighed on dealmaking.