Private company

KKR Enhanced US Direct Lending Fund-L Inc.

KKR Enhanced US Direct Lending Fund-L Inc. is an investment fund that raised $629.3 million in 2024 (SEC Form D).1 It is headquartered in San Francisco, California.1

Last updated Oct 20, 2026.

Overview

  • HeadquartersSan Francisco, California1
  • Incorporated inDE2
  • Business address555 California Street, 50Th Floor, San Francisco, Ca 941042
  • Filer category, Emerging growth company2
  • Legal formCorporation
  • Kind of organizationInvestment fund1

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KKR Enhanced US Direct Lending Fund-L Inc., or the Company, which may also be referred to as "we," "us," or "our," was formed on December 22, 2023, as a Delaware statutory trust and converted into a Delaware corporation on April 19, 2024. We were organized to invest primarily in U.S. middle market companies that have EBITDA (as defined below) of $50 million or above.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year202420252026
Interest$33.0M5
Income tax$948.0K8
Net income$60.2M5

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Corporate structure

KKR Enhanced US Direct Lending Fund-L Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • KKR Enhanced US Direct Lending Fund-L Inc. San Francisco, California
    • KKR Enhanced US EvDL Funding II LLC Subsidiary · Delaware, United States
    • KKR Enhanced US EvDL Funding LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KKR Enhanced US Direct Lending Fund-L Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operation. Our headquarters are located at 555 California Street, 50th Floor, San Francisco, California, 94104. We believe that our office facilities are suitable and adequate for our business as it is presently conducted.

Item 2 of the 10-K filed Mar 20, 2026.4

Leadership

Who has led KKR Enhanced US Direct Lending Fund-L Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (6)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • PresidentGeorge J. Mueller named Mar 9, 202615
  • Chief Compliance OfficerMichael J. Nguyen named Mar 9, 202615
  • Treasurer, Chief Financial Officer and Chief Accounting OfficerThomas J. Murphy named Mar 9, 202615

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • KKR Enhanced US Direct Lending Fund-L LLC Delaware3
  • KKR Enhanced US EvDL Funding II LLC Delaware3
  • KKR Enhanced US EvDL Funding LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • KKR Enhanced US Direct Lending Fund-LFeb 22, 2024 to Apr 19, 20242

Timeline

  1. Oct 13, 20268-K Unregistered sale of shares16
  2. Oct 2, 20268-K Other events17
  3. Sep 2, 20268-K Other events18
  4. Aug 6, 20268-K Other events19
  5. Aug 5, 20268-K Unregistered sale of shares20
  6. Jul 17, 20268-K Executive or director change21
  7. Jul 7, 20268-K Other events22
  8. Jun 3, 20268-K Other events23
  9. May 5, 20268-K Other events24
  10. Apr 8, 20268-K Other events25
  11. Mar 27, 20268-K Entered a material agreement; New debt or obligation26
  12. Mar 17, 20268-K Executive or director change27

Filings

77 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 44 major events, 12 insider forms, 2 private raises, 10 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 2, 20268-K EDGAR
  3. Sep 2, 20268-K EDGAR
  4. Aug 13, 202610-Q EDGAR
  5. Aug 6, 20268-K EDGAR
  6. Aug 5, 20268-K EDGAR
  7. Jul 17, 20268-K EDGAR
  8. Jul 14, 20263 EDGAR
  9. Jul 7, 20268-K EDGAR
  10. Jun 3, 20268-K EDGAR
  11. May 12, 202610-Q EDGAR
  12. May 5, 20268-K EDGAR
  13. Apr 8, 20268-K EDGAR
  14. Apr 2, 202640-17G EDGAR
  15. Mar 31, 20263 EDGAR
  16. Mar 27, 20268-K EDGAR
  17. Mar 20, 202610-K EDGAR
  18. Mar 17, 20268-K EDGAR
  19. Mar 9, 2026D/A EDGAR
  20. Mar 6, 20268-K EDGAR

The 77 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 19, 2024Raised $629.3 million in a private offering of equity Form D: 1 investor so far Form D

SEC filer profile

How KKR Enhanced US Direct Lending Fund-L Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKKR Enhanced US Direct Lending Fund-L Inc.1
  • CIK0002012839
  • Employer ID (EIN)99-61013954
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Business address555 California Street, 50Th Floor, San Francisco, CA 941041
  • Phone415-315-36201
  • Shares outstanding764,413 as of Aug 13, 20267
  • Public float$0 as of Dec 31, 20255
  • AuditorDeloitte & Touche LLP, San Francisco, California PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 22, 20241
  • Filings81 in all: 8-K (44), 3 (12), 10-Q (7), 40-17G (3), 40-APP/A (3), 10-12G/A (2), 10-K (2), CORRESP (2)1
    All 14 form types

    10-12G (1), 40-APP (1), D (1), D/A (1), N-54A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Oct 13, 2026

Risk factors and legal proceedings

The risks KKR Enhanced US Direct Lending Fund-L Inc. names in Item 1A of its 10-K filed Mar 20, 2026: 50 risks under these headings, as written.4

  • Risk of Limited Operating History.
  • Illiquid and Long-Term Investments Risk.
  • First Lien, Senior Secured Loans and Senior Secured Bonds Risk.
  • Subordinated and Unsecured or Partially Secured Loans Risk.
  • Fixed-Income Instruments Risk.
  • Risk of Investments in Companies in Regulated Industries.
  • Risks Associated with Investments in Original Issue Discount and Payment-In-Kind Instruments.
  • Reverse Repurchase Agreements and Dollar Rolls Risk.
  • Counterparty and Prime Brokerage Risk.
  • Risk of Borrower Fraud; Covenant-Lite Loans; Breach of Covenant.
  • Below Investment Grade Instruments Risk.
  • Stressed and Distressed Investments Risk.
The other 38 risks
  • Risk of Investments in Highly Leveraged Companies.
  • Risk of Distressed Debt, Litigation, Bankruptcy and Other Proceedings.
  • Risk of Non-Controlling Equity Investments; Investments in Equity Securities; Investments and Joint Ventures with Third Parties.
  • U.S. Government Debt Securities Risk.
  • LIBOR Replacement Risk and Floating Rate Benchmark Risk.
  • Increasing scrutiny from stakeholders and regulators with respect to sustainability matters may impose additional costs and expose us to additional risks.
  • Risk that the Company May Have Difficulty Paying Distributions and the Tax Character of Any Distributions is Uncertain.
  • Risk that the Company will be Unable to Raise Substantial Funds.
  • Risk of Uncertain Tax Treatment.
  • Risk of Complex Transactions/Contingent Liabilities/Guarantees and Indemnities.
  • Risk of Availability of Investment Opportunities; Competition.
  • Dependence on Key Personnel Risk.
  • Material Risks of Significant Methods of Analysis.
  • Banking Sector and Financial Markets Instability.
  • Market Disruptions from Natural Disasters or Geopolitical Risks.
  • Risk of Government Intervention in the Financial Markets.
  • Risks Relating to Company’s RIC Status.
  • Risk that the Company will be subject to Corporate-Level Income Tax if the Company is Unable to Qualify as a RIC Under Subchapter M of the Code or to Satisfy RIC Distribution Requirements.
  • Risk that the Company may have Difficulty Paying its Required Distributions if the Company Recognizes Income Before or Without Receiving Cash Representing Such Income.
  • Some of the Company’s Investments May be Subject to Corporate-Level Income Tax.
  • The Company’s Portfolio Investments May Present Special Tax Issues.
  • Risk that If the Company is Not Treated as a “Publicly Offered Regulated Investment Company,” as Defined in the Code, U.S. Shareholders that are Individuals, Trusts or Estates will be Taxed as Though They Received a Distribution of Some of the Company’s Expenses.
  • Risk that Legislative or Regulatory Tax Changes Could Adversely Affect Investors.
  • Artificial Intelligence and Machine Learning Developments Risk.
  • Private and Middle Market Companies Risk.
  • Risks Arising from Purchases of Debt on a Secondary Basis.
  • Zero Coupon and PIK Bonds Risk.
  • Limitations on Transfer and Liquidity Risks.
  • Certain Investors Will be Subject to Exchange Act Filing Requirements.
  • As an SEC-Reporting Company, the Company is Subject to Regulations Not Applicable to Private Companies, such as Provisions of the Sarbanes-Oxley Act. Efforts to Comply with such Regulations Will Involve Significant Expenditures, and Non-Compliance with such Regulations May Adversely Affect the Company.
  • The Company is an “Emerging Growth Company” under the JOBS Act, and it Cannot be Certain if the Reduced Disclosure Requirements Applicable to Emerging Growth Companies will Make its Common Shares Less Attractive to Investors.
  • Failure to Maintain the Company’s Status as a BDC Would Reduce its Operating Flexibility.
  • The Company is Uncertain of its Future Sources for Funding its Future Capital Needs and if the Company Cannot Obtain Debt or Equity Financing on Acceptable Terms, or at all, its Ability to Acquire Investments and to Expand its Operations will be Adversely Affected.
  • The Requirement that the Company Invests a Sufficient Portion of its Assets in Qualifying Assets Could Preclude the Company from Investing in Accordance with its Current Business Strategy; Conversely, the Failure to Invest a Sufficient Portion of the Company’s Assets in Qualifying Assets Could Result in its Failure to Maintain its Status as a BDC.
  • Regulations Governing the Company’s Operation as a BDC and a RIC will Affect its Ability to Raise, and the Way in Which it Raises, Additional Capital or Borrow for Investment Purposes, Which may Have a Negative Effect on the Company’s Growth.
  • The Company’s Ability to Enter into Transactions with its Affiliates is Restricted.
  • The Company is a Non-Diversified Investment Company Within the Meaning of the 1940 Act, and Therefore it is Not Limited with Respect to the Proportion of its Assets that May be Invested in Securities of a Single Issuer.
  • The NAV of the Company’s Shares May Fluctuate Significantly.

Legal proceedings

Neither we, the Adviser, nor our subsidiaries are currently subject to any material pending legal proceedings, other than ordinary routine litigation incidental to our businesses. We, the Adviser, and our subsidiaries may from time to time, however, be involved in litigation arising out of our operations in the normal course of business or otherwise. Furthermore, third parties may seek to impose liability on us in connection with the activities of our portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, we do not expect any current matters will materially affect our financial condition or results of operations; however, there can be no assurance whether any pending legal proceedings will have a material adverse effect on our financial condition or results of operations in any future reporting period.

The opening of Item 3, Legal Proceedings.4

Sources

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