Private company

KKR Infrastructure Conglomerate LLC

American investors company that raised $7.4 billion in 2023 (SEC Form D)2

In its 2026 annual report the company says: “We are a holding company that seeks to acquire, own and control portfolio companies, special purpose vehicles and other entities through which infrastructure assets or businesses will be held, with the objective of generating attractive risk-adjusted returns consisting of both current income and capital appreciation.”6 It is headquartered in New York, United States.2

Last updated Oct 20, 2026.

Overview

$459.8MNet income, fiscal 20253
  • IndustryInvestors, NEC2
  • HeadquartersNew York, United States2
  • Incorporated inDE4
  • Business address30 Hudson Yards, New York, Ny 100014
  • Filer category, Emerging growth company4
  • Legal formLimited Liability Company2
  • LEI2549005L8PZMEQ1JSZ662
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O MAPLES FIDUCIARY SERVICES (DELAWARE) INC., 19807 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 70465222

References herein to “KKR Infrastructure Conglomerate,” “Company,” “we,” “us,” or “our” refer to KKR Infrastructure Conglomerate LLC, a Delaware limited liability company, and its subsidiaries unless the context specifically requires otherwise.6 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

Net income73$459.8M in 2025
0$200.0M$400.0M$600.0M2022: $0$020222023: $72.4M$72.4M20232024: $218.3M$218.3M2024+202%2025: $459.8M$459.8M2025+111%
Fiscal year2022202320242025
Income before tax$72.5M7$219.9M3$465.3M3
Income tax$82.0K7$1.6M3$5.4M3
Net income$07$72.4M3$218.3M3$459.8M3

Compare KKR Infrastructure Conglomerate LLC with another company

Corporate structure

KKR Infrastructure Conglomerate LLC sits at the top of its group. 77 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • KKR Infrastructure Conglomerate LLC New York, New York, United States
    • Dirigo Investments Pte. Ltd Subsidiary · Singapore
    • K-INFRA Aqueduct Limited Subsidiary · United Kingdom
    • K-INFRA Boulder Aggregator GP Limited Subsidiary · Cayman Islands
    • K-INFRA Boulder LLC Subsidiary · Delaware, United States
    • K-INFRA Cavalry LLC Subsidiary · Delaware, United States
    • K-INFRA Cavalry REIT Aggregator LLC Subsidiary · Delaware, United States
    • K-INFRA Denali Aggregator GP LLC Subsidiary · Delaware, United States
    • K-INFRA Devonshire Aggregator GP Limited Subsidiary · Cayman Islands
    • K-INFRA Devonshire LLC Subsidiary · Delaware, United States
    • K-INFRA Dino Limited Subsidiary · United Kingdom
    • K-INFRA Dirigo Holdings Limited Subsidiary · Cayman Islands
    • K-INFRA Dirigo LLC Subsidiary · Delaware, United States
    • K-INFRA Eagle LLC Subsidiary · Delaware, United States
    • K-INFRA Eight Mile Aggregator GP LLC Subsidiary · Delaware, United States
    • K-INFRA Eight Mile Co-Invest Parent Holdings LLC Subsidiary · Delaware, United States
    • K-INFRA Elbe Aggregator GP Limited Subsidiary · Cayman Islands
    • K-INFRA Elbe LLC Subsidiary · Delaware, United States
    • K-INFRA Emerald Aggregator GP Limited Subsidiary · Cayman Islands
    • K-INFRA Emerald LLC Subsidiary · Delaware, United States
    • K-INFRA Encore Aggregator GP Limited Subsidiary · Cayman Islands
    • K-INFRA Encore LLC Subsidiary · Delaware, United States
    • K-INFRA Europe Finco II Ltd. Subsidiary · Cayman Islands
    • K-INFRA Europe Finco Ltd. Subsidiary · Cayman Islands
    • K-INFRA Gamma Aggregator GP Limited Subsidiary · Cayman Islands
    • K-INFRA Gamma LLC Subsidiary · Delaware, United States
    • and 51 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What KKR Infrastructure Conglomerate LLC 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.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$278.4M11 Dec 31, 2023$1.0K11 Dec 31, 2022+27841600.0%

Properties, in its own words

Our corporate headquarters are located at 30 Hudson Yards, New York, NY 10001, and are provided by the Manager. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 26, 2026.6

Leadership

Who has led KKR Infrastructure Conglomerate LLC, and when. Pick a name to see everywhere that person has worked.

2025
Board members and other officers (6)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorJames Cunningham named Jun 1, 202621
  • Executive OfficerMark I Matthews named Jun 1, 202621
  • Executive OfficerMichael Ryan named Jun 1, 202621

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Dirigo Investments Pte. Ltd Singapore5
  • K-INFRA Aqueduct Limited United Kingdom5
  • K-INFRA Boulder Aggregator GP Limited Cayman Islands5
  • K-INFRA Boulder LLC Delaware5
  • K-INFRA Cavalry LLC Delaware5
  • K-INFRA Cavalry REIT Aggregator LLC Delaware5
  • K-INFRA Denali Aggregator GP LLC Delaware5
  • K-INFRA Devonshire Aggregator GP Limited Cayman Islands5
  • K-INFRA Devonshire LLC Delaware5
  • K-INFRA Dino Limited United Kingdom5
  • K-INFRA Dirigo Holdings Limited Cayman Islands5
  • K-INFRA Dirigo LLC Delaware5
  • K-INFRA Eagle LLC Delaware5
  • K-INFRA Eight Mile Aggregator GP LLC Delaware5
  • K-INFRA Eight Mile Co-Invest Parent Holdings LLC Delaware5
  • K-INFRA Elbe Aggregator GP Limited Cayman Islands5
  • K-INFRA Elbe LLC Delaware5
  • K-INFRA Emerald Aggregator GP Limited Cayman Islands5
  • K-INFRA Emerald LLC Delaware5
  • K-INFRA Encore Aggregator GP Limited Cayman Islands5
  • K-INFRA Encore LLC Delaware5
  • K-INFRA Europe Finco II Ltd. Cayman Islands5
  • K-INFRA Europe Finco Ltd. Cayman Islands5
  • K-INFRA Gamma Aggregator GP Limited Cayman Islands5
All 75 listed subsidiaries
  • K-INFRA Gamma LLC Delaware5
  • K-INFRA Gigawatt Aggregator GP Limited United Kingdom5
  • K-INFRA HedgeCo LLC Cayman Islands5
  • K-INFRA HedgeCo Preferred Holder Limited Cayman Islands5
  • K-INFRA HoldCo I LLC Delaware5
  • K-INFRA HoldCo II LLC Delaware5
  • K-INFRA Holdings I LLC Delaware5
  • K-INFRA Holdings II LLC Delaware5
  • K-INFRA Imperium Holdings Limited Cayman Islands5
  • K-INFRA Imperium LLC Delaware5
  • K-INFRA Kinvara LLC Delaware5
  • K-INFRA Kinvara Limited Cayman Islands5
  • K-INFRA Kyoto Aggregator GP Limited Cayman Islands5
  • K-INFRA Kyoto LLC Delaware5
  • K-INFRA Liquidity Limited Cayman Islands5
  • K-INFRA Metro Aggregator GP Limited Cayman Islands5
  • K-INFRA Metro LLC Delaware5
  • K-INFRA Nitro Aggregator GP Limited Cayman Islands5
  • K-INFRA Nitro LLC Delaware5
  • K-INFRA Oak Aggregator GP Limited Cayman Islands5
  • K-INFRA Oak LLC Delaware5
  • K-INFRA Oasis Aggregator GP Limited Cayman Islands5
  • K-INFRA Olympus Aggregator GP LLC Delaware5
  • K-INFRA Opal Aggregator GP Limited Cayman Islands5
  • K-INFRA Opal LLC Delaware5
  • K-INFRA Optics Limited United Kingdom5
  • K-INFRA Panda LLC Delaware5
  • K-INFRA Pegasus Aggregator GP Limited Cayman Islands5
  • K-INFRA Pegasus LLC Delaware5
  • K-INFRA Percival GP Limited Cayman Islands5
  • K-INFRA Percival LLC Delaware5
  • K-INFRA Pinnacle LLC Delaware5
  • K-INFRA Rodeo Aggregator GP Limited Cayman Islands5
  • K-INFRA Rodeo LLC Delaware5
  • K-INFRA Ruby Aggregator GP Limited Cayman Islands5
  • K-INFRA Ruby LLC Delaware5
  • K-INFRA Sana LLC Delaware5
  • K-INFRA Sandpiper Aggregator GP Limited Jersey5
  • K-INFRA Sandpiper LLC Delaware5
  • K-INFRA Sienna Aggregator GP Limited Cayman Islands5
  • K-INFRA Sienna LLC Delaware5
  • K-INFRA Stellar Aggregator GP Limited Cayman Islands5
  • K-INFRA Stellar LLC Delaware5
  • K-INFRA Tango Aggregator GP Limited Cayman Islands5
  • K-INFRA Tango LLC Delaware5
  • K-INFRA UK MasterCo II Limited United Kingdom5
  • K-INFRA UK MasterCo Limited United Kingdom5
  • K-INFRA Vesper Aggregator GP LLC Delaware5
  • K-INFRA Zeus Aggregator GP Limited Cayman Islands5
  • K-INFRA Zeus LLC Delaware5
  • Tango Asia Holdings Pte. Ltd Singapore5

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

Timeline

  1. Sep 29, 20268-K Other events22
  2. Sep 23, 20268-K Unregistered sale of shares23
  3. Sep 21, 20268-K Other events24
  4. Aug 27, 20268-K Unregistered sale of shares25
  5. Aug 21, 20268-K Other events26
  6. Aug 21, 20268-K Other events27
  7. Jul 24, 20268-K Unregistered sale of shares28
  8. Jul 21, 20268-K Other events29
  9. Jul 2, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote30
  10. Jun 29, 20268-K Entered a material agreement; New debt or obligation; Other events31
  11. Jun 24, 20268-K Unregistered sale of shares32
  12. Jun 18, 20268-K Other events33
  13. Nov 29, 2022New chief executive Tara C. Davies becomes CEO14
  14. Sep 23, 2022Founded KKR Infrastructure Conglomerate LLC is founded2

Filings

201 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 107 major events, 55 insider forms, 6 private raises, 18 other. The latest 20:

  1. Sep 29, 20268-K EDGAR
  2. Sep 23, 20268-K EDGAR
  3. Sep 21, 20268-K EDGAR
  4. Aug 27, 20268-K EDGAR
  5. Aug 21, 20268-K EDGAR
  6. Aug 21, 20268-K EDGAR
  7. Aug 12, 202610-Q EDGAR
  8. Jul 24, 20268-K EDGAR
  9. Jul 23, 20264 EDGAR
  10. Jul 23, 20264 EDGAR
  11. Jul 23, 20264 EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jul 2, 20268-K EDGAR
  14. Jun 29, 20268-K EDGAR
  15. Jun 24, 20268-K EDGAR
  16. Jun 18, 20268-K EDGAR
  17. Jun 1, 2026D/A EDGAR
  18. May 27, 20268-K EDGAR
  19. May 21, 20268-K EDGAR
  20. May 13, 202610-Q EDGAR

The 201 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. Jun 1, 2023Raised $7.4 billion in a private offering of equity Form D: 47,222 investors so far Form D

SEC filer profile

How KKR Infrastructure Conglomerate LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKKR Infrastructure Conglomerate LLC1
  • CIK0001948056
  • Employer ID (EIN)92-04775636
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Industry code (SIC)6799 Investors, NEC1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address30 Hudson Yards, New York, NY 100011
  • Phone212-750-83001
  • Shares outstanding77,722,240 Class I Shares shares; 78,423,284 Class S Shares shares; 47,323,642 Class U Shares shares; 29,584,219 Class R Shares shares; 4,809,476 Class D Shares shares; 40 Class E Shares shares; 3,253,545 Class F Shares shares; 40 Class G Shares shares; 40 Class H Shares shares as of Mar 20, 20266
  • Public float$0 as of Jun 30, 20253
  • AuditorDeloitte & Touche LLP, San Francisco, California PCAOB ID 34; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceSep 30, 20221
  • Filings201 in all: 8-K (107), 4 (43), 10-Q (11), 3 (10), CORRESP (7), UPLOAD (7), D/A (5), 10-K (4)1
    All 12 form types

    10-12G/A (3), 3/A (2), 10-12G (1), D (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Sep 29, 2026

Risk factors and legal proceedings

The risks KKR Infrastructure Conglomerate LLC names in Item 1A of its 10-K filed Mar 26, 2026: 76 risks under these headings, as written.6

  • Risks Related to Our Business
  • We face heightened risks unique to the nature of our Infrastructure Assets.
  • Global, regional and local events outside of our control, including geopolitical events and natural disasters, could materially and adversely impact us.
  • We have significant liquidity requirements, and adverse market and economic conditions may adversely affect our sources of liquidity, which could materially and adversely affect our business operations.
  • We or our Infrastructure Assets may need to incur financial leverage to be able to achieve our or their business objectives, resulting in additional risks.
  • We may be adversely impacted by a downgrade to any ratings assigned to our third-party credit facilities.
  • The operation, maintenance and additional capital requirements of Infrastructure Assets involve significant capital expenditures and various risks, which may not be under the control of the Company.
  • Infrastructure Assets may experience supply chain disruptions that could adversely impact the Company’s business and financial condition.
  • Changes or innovations in technology could affect the profitability of an Infrastructure Asset that relies on existing technology.
  • We face additional risks when we participate in contractual arrangements relating to aircraft leasing and other similar asset leasing arrangements.
  • Our Infrastructure Assets may rely on third-party managers or operators which may fail to perform their duties adequately.
  • We may be adversely impacted by a downgrade to the U.S. credit rating.
The other 65 risks
  • Compliance with environmental laws and regulations may result in substantial costs to the Company.
  • Our Infrastructure Assets may not exhibit mitigating characteristics typical of assets, businesses or projects in the infrastructure space. As a result, there can be no assurance that any perceived benefits of Infrastructure Assets will be realized.
  • The effect of global climate change may impact our business.
  • Force majeure events may adversely affect our assets.
  • The failure to manage our financial and enterprise risks could materially and adversely affect our financial condition and results of operation.
  • We may experience trade errors.
  • The acquisition of Infrastructure Assets exposes us to a higher level of regulatory control than typically imposed on other businesses.
  • Misconduct of employees of the Manager or by third-party service providers could cause significant losses to us.
  • Complex regulations may limit our ability to raise capital, increase the costs of our capital raising activities and may subject us to penalties.
  • Operational risks, including those relating to third parties who provide services to us, may disrupt our businesses, result in losses or limit our growth.
  • Federal, state and foreign anti-corruption, anti-money laundering, economic sanctions, trade controls, and restrictions on foreign direct investment laws applicable to us and our Infrastructure Assets create the potential for significant liabilities and penalties, the inability to complete transactions, imposition of significant costs and burdens, and reputational harm.
  • We are subject to focus by certain stakeholders on sustainability matters.
  • Sustainability-related laws and disclosure requirements may increase compliance costs and subject us to enforcement risks and reputational risks.
  • Artificial intelligence may increase competitive, operational, legal and regulatory risks to our business in ways that we cannot predict.
  • Risks Related to Our Infrastructure Assets and Industry Focus
  • We may enter into Joint Ventures with third parties to acquire Infrastructure Assets, which could result in shared decision-making authority and conflicts of interest.
  • We have acquired, and may in the future acquire, Infrastructure Assets through follow-on and secondary transactions with existing holders of interests in Infrastructure Assets or commingled funds, which could result in different return profiles, certain conflicts of interest and increased costs.
  • Our business, results of operations and financial condition may be adversely affected by volatility in commodity prices.
  • We may acquire Infrastructure Assets that may be exposed to interest rate risk, meaning that changes in prevailing market interest rates could negatively affect the value of such Infrastructure Assets.
  • We have acquired, and may in the future acquire, Infrastructure Assets in the renewable energy industry, which is subject to risks of a rapidly evolving market.
  • We may acquire Infrastructure Assets in the utility industry, which is subject to increasing competition.
  • We are subject to risks resulting from owning and controlling Infrastructure Assets outside of more developed economies, including countries characterized as “emerging markets.”
  • We may be impacted by changes in trade policies.
  • Fluctuations in currency values could adversely affect the U.S. dollar value of Infrastructure Assets, interest, dividends and other revenue streams received by us, gains and losses realized on the sale of Infrastructure Assets and the amount of distributions, if any, to be made by us.
  • Geographical concentration of the Company’s Infrastructure Assets may make the assets more susceptible to changing conditions of particular geographic regions.
  • We may acquire preferred and/or structured equity securities and pursue credit and debt strategies, which may materially and adversely impact our liquidity.
  • We may acquire Infrastructure Assets that are heavily dependent on patents, trademarks and other intellectual property.
  • We have acquired, and may in the future acquire, Infrastructure Assets involved in the technology industry, which is subject to risks of technological disruption, increased competition and rapidly changing market conditions.
  • We have acquired, and may in the future acquire, Infrastructure Assets involved in the communications industry.
  • We may be materially and adversely impacted if one or more of our Infrastructure Assets enter into bankruptcy.
  • Risks Related to Our Structure
  • We will depend on the Manager and KKR to achieve our business objectives.
  • Our ability to achieve our business objective depends on the ability of the Manager to identify, acquire and support our Infrastructure Assets.
  • We will rely on the ability of the management teams of our Infrastructure Assets to implement any agreed-upon business plans but cannot assure they will be able to do so in accordance with the Company’s expectations.
  • There are various conflicts of interest in our relationship with KKR, including with our Manager and in the allocation of management resources to KKR Vehicles and us, which could result in decisions that are not in the best interests of our Shareholders.
  • Conflicts between KKR or its affiliates and the Company regarding syndication of Infrastructure Assets and warehousing may not be resolved in favor of the Company.
  • We would not be able to operate our business according to our business plan if we are required to register as an investment company under the Investment Company Act.
  • Extensive regulation of the Manager’s business may impede its ability to effectively manage our Infrastructure Assets, which could materially and adversely affect our business.
  • Our LLC Agreement contains provisions that reduce or eliminate duties (including fiduciary duties) of our Board and limit remedies available to Shareholders for actions that might otherwise constitute a breach of duty. It will be difficult for Shareholders to successfully challenge a resolution of a conflict of interest in accordance with the LLC Agreement.
  • Our LLC Agreement includes a jury trial waiver that could limit the ability of Shareholders of the Company to bring or demand a jury trial in any claim or cause of action arising out of or relating to the LLC Agreement, or the business or affairs of the Company.
  • Our LLC Agreement designates the Court of Chancery of the State of Delaware or, if such court lacks jurisdiction, the state or federal courts in the State of Delaware and any appellate court thereof, as applicable, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by Shareholders, which could limit our Shareholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
  • KKR, the Manager, their respective affiliates, our directors, officers and certain service providers are entitled to exculpation and indemnification resulting in limited right of action for Shareholders.
  • We have certain reporting obligations not applicable to private companies. We will need to make significant capital expenditures to be in compliance with certain regulations not applicable to private companies. Failure to comply with such regulations may have an adverse effect on our business.
  • We could become subject to the fiduciary responsibility and prohibited transaction provisions of Title I of ERISA and/or the prohibited transaction provisions of Section 4975 of the Code, and we could be subject to potential controlled group liability.
  • Privacy, data protection, cybersecurity and artificial intelligence laws may increase compliance costs and subject us to enforcement risks and reputational risks.
  • Cybersecurity failures and data security breaches could have a material adverse impact on our businesses.
  • Disruptions in our technology infrastructure or the occurrence of other operational errors could materially and adversely affect our business.
  • Risks Related to an Investment in Our Shares
  • There is no public trading market for the Shares and Shareholders will bear the risks of owning Shares for an extended period of time due to limited repurchases. If a Shareholder sells its Shares to us, the Shareholder may receive less than the price it paid.
  • We may amend the LLC Agreement without Shareholder approval and Shareholders will not be entitled to vote for the election of directors or have any right to influence or control the Company’s operations.
  • The amount of any distributions we may pay is uncertain. We may not be able to sustain the payment of distributions.
  • Valuations of our assets are estimates of fair value and may not necessarily correspond to realizable value.
  • Monthly NAV calculations are not governed by governmental or independent securities, financial or accounting rules or standards.
  • Prospective shareholders will not know the NAV per Share of their investment until after the investment has been accepted.
  • We have a limited operating history.
  • Due to the nature of Infrastructure Assets, Shareholders have limited liquidity and may not receive a full return of their invested capital if they elect to have their Shares repurchased by the Company.
  • A Shareholder’s ability to have its Shares repurchased by us is limited.
  • Economic events that may cause our Shareholders to request that we repurchase their Shares may materially and adversely affect our cash flows, our results of operations and our financial condition.
  • The Company may require a Shareholder to have its Shares repurchased at any time in its sole discretion.
  • Payment of the Management Fee or Performance Participation Allocation in Shares will dilute a Shareholder’s interest in the Company.
  • Risks Related to Investments in Indebtedness, Preferred and/or Structured Equity Securities
  • We may hold corporate bonds.
  • We may invest in loans.
  • We may invest in convertible securities.
  • We may be subject to the risk of commercial mortgage-backed securities (“CMBS”).
  • We may be subject to residential mortgage-backed securities (“RMBS”) risk.
  • Our holdings of pass-through certificates, securitization vehicles or other special purpose entities (collectively, “asset-backed securities”) may involve risks that differ from or are greater than risks associated with other types of instruments.
  • Collateralized bond obligations, collateralized loan obligations and other collateralized debt obligations are subject to additional risk.

Legal proceedings

For a discussion of the Company’s legal proceedings, see the section entitled “Legal Proceedings” appearing in Note 9. Commitments and Contingencies to our consolidated financial statements in this Annual Report on Form 10-K, which is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events