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We present a first-principles derivation of the main results of the Kerr/CFT correspondence and its extensions using only tools from gravity and quantum field theory. Firstly, we review properties of extremal black holes with in particular the construction of an asymptotic Virasoro symmetry in the near-horizon limit. The entropy of extremal spinning or charged black holes is shown to match with a chiral half of Cardy's formula. Secondly, we show how a thermal 2-dimensional conformal field theory (CFT) is relevant to reproduce the dynamics of near-superradiant probes around near-extremal black holes in the semi-classical limit. Thirdly, we review the hidden conformal symmetries of asymptotically-flat black holes away from extremality and present how the non-extremal entropy can be matched with Cardy's formula. We follow an effective field theory approach and consider the Kerr-Newman black hole and its generalizations in various supergravity theories. The interpretation of these results by deformed dual conformal field theories is discussed and contrasted with properties of standard 2-dimensional CFTs. We conclude with a list of open problems.

We present a first-principles derivation of the main results of the Kerr/CFT correspondence and its extensions using only tools from gravity and quantum field theory, filling a few gaps in the literature when necessary. Firstly, we review properties of extremal black holes that imply, according to semi-classical quantization rules, that their near-horizon quantum states form a centrally-extended representation of the one-dimensional conformal group. This motivates the conjecture that the extremal Kerr and Reissner-Nordström black holes are dual to the chiral limit of a two-dimensional CFT. We also motivate the existence of an SL (2, ℤ) family of two-dimensional CFTs, which describe in their chiral limit the extremal Kerr-Newman black hole. We present generalizations in anti-de Sitter spacetime and discuss other matter-coupling and higher-derivative corrections. Secondly, we show how a near-chiral limit of these CFTs reproduces the dynamics of near-superradiant probes around near-extremal black holes in the semi-classical limit. Thirdly, we review how the hidden conformal symmetries of asymptotically-flat black holes away from extremality, combined with their properties at extremality, allow for a microscopic accounting of the entropy of non-extremal asymptotically-flat rotating or charged black holes. We conclude with a list of open problems.