Private company

KKR Private Equity Conglomerate LLC

KKR Private Equity Conglomerate LLC is an American finance services company based in New York, incorporated in Delaware.1

Last updated Oct 20, 2026.

Overview

$1.0BNet income, fiscal 20252
  • IndustryFinance Services1
  • HeadquartersNew York, New York1
  • Incorporated inDE3
  • Business address30 Hudson Yards, New York, Ny 100013
  • Filer category, Emerging growth company3
  • Legal formLimited Liability Company

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References herein to “KKR Private Equity Conglomerate,” “Company,” “we,” “us,” or “our” refer to KKR Private Equity Conglomerate LLC, a Delaware limited liability company, and its subsidiaries unless the context specifically requires otherwise.5 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 income2$1.0B in 2025+10488% since 2023
0$500.0M$1.0B$1.5B2023: $9.8M$9.8M20232024: $315.4M$315.4M2024+3121%2025: $1.0B$1.0B2025+229%
Fiscal year2022202320242025
Interest$52.0K9
Income before tax$336.6M2$1.1B2
Income tax$21.2M2$90.0M2
Net income$9.8M2$315.4M2$1.0B2

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Corporate structure

KKR Private Equity Conglomerate LLC sits at the top of its group. 155 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • KKR Private Equity Conglomerate LLC New York, New York
    • K-PEC Abacus Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Abacus LLC Subsidiary · Delaware, United States
    • K-PEC Aggregator HK GP Limited Subsidiary · Hong Kong
    • K-PEC Allium Aggregator GP LLC Subsidiary · Delaware, United States
    • K-PEC Aries Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Aries LLC Subsidiary · Delaware, United States
    • K-PEC Asset Funding LLC Subsidiary · Cayman Islands
    • K-PEC Athena Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Athena LLC Subsidiary · Delaware, United States
    • K-PEC Azur Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Azur LLC Subsidiary · Delaware, United States
    • K-PEC Banff Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Banff LLC Subsidiary · Delaware, United States
    • K-PEC Broom Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Broom LLC Subsidiary · Delaware, United States
    • K-PEC Cape Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Cape LLC Subsidiary · Delaware, United States
    • K-PEC Castle Aggregator GP Limited Subsidiary · Cayman Islands
    • K-PEC Castle LLC Subsidiary · Delaware, United States
    • K-PEC Century Aggregator GP LLC Subsidiary · Delaware, United States
    • K-PEC Comet Aggregator GP LLC Subsidiary · Delaware, United States
    • K-PEC Comet Holdings GP LLC Subsidiary · Delaware, United States
    • K-PEC Comet LLC Subsidiary · Delaware, United States
    • K-PEC Compass Aggregator GP LLC Subsidiary · Delaware, United States
    • K-PEC Cube Aggregator GP LLC Subsidiary · Delaware, United States
    • and 129 more

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 Private Equity 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$964.0M2 Dec 31, 2025$601.5M2 Dec 31, 2024+60.3%

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, 2026.5

Leadership

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

Chief executive

  1. Alisa A. Wood2023–now

Chief financial officer

  1. Aken Elizabeth Van2025–now

Chief operating officer

  1. Racim Allouani2023
  2. Michael McGregor Whyte2023
2025
Board members and other officers (7)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerChristopher J. Harrington named Jun 1, 202622
  • Executive OfficerElizabeth A. Van Aken named Jun 1, 202622
  • Executive OfficerJeffrey B. Van Horn named Jun 1, 202622
  • DirectorKelly M. Williams named Jun 1, 202622

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • K-PEC Abacus Aggregator GP Limited Cayman Islands4
  • K-PEC Abacus LLC Delaware4
  • K-PEC Aggregator HK GP Limited Hong Kong4
  • K-PEC Allium Aggregator GP LLC Delaware4
  • K-PEC Aries Aggregator GP Limited Cayman Islands4
  • K-PEC Aries LLC Delaware4
  • K-PEC Asset Funding LLC Cayman Islands4
  • K-PEC Athena Aggregator GP Limited Cayman Islands4
  • K-PEC Athena LLC Delaware4
  • K-PEC Azur Aggregator GP Limited Cayman Islands4
  • K-PEC Azur LLC Delaware4
  • K-PEC Banff Aggregator GP Limited Cayman Islands4
  • K-PEC Banff LLC Delaware4
  • K-PEC Broom Aggregator GP Limited Cayman Islands4
  • K-PEC Broom LLC Delaware4
  • K-PEC Cape Aggregator GP Limited Cayman Islands4
  • K-PEC Cape LLC Delaware4
  • K-PEC Castle Aggregator GP Limited Cayman Islands4
  • K-PEC Castle LLC Delaware4
  • K-PEC Century Aggregator GP LLC Delaware4
  • K-PEC Comet Aggregator GP LLC Delaware4
  • K-PEC Comet Aggregator GP Limited Cayman Islands4
  • K-PEC Comet Holdings GP LLC Delaware4
  • K-PEC Comet LLC Delaware4
All 155 listed subsidiaries
  • K-PEC Compass Aggregator GP LLC Delaware4
  • K-PEC Cube Aggregator GP LLC Delaware4
  • K-PEC Dance Aggregator GP Limited Cayman Islands4
  • K-PEC Dance LLC Delaware4
  • K-PEC Dante Aggregator GP Limited Cayman Islands4
  • K-PEC Dante LLC Delaware4
  • K-PEC Drive 2024 Aggregator GP Limited Cayman Islands4
  • K-PEC Drive LLC Delaware4
  • K-PEC Dynamo Aggregator GP Limited (fka K-PEC Infinity Asia Aggregator GP Limited) Cayman Islands4
  • K-PEC Dynamo LLC (fka K-PEC Infinity Asia LLC) Delaware4
  • K-PEC Egret Aggregator GP Limited Cayman Islands4
  • K-PEC Egret LLC Delaware4
  • K-PEC Emerald Aggregator GP Limited Cayman Islands4
  • K-PEC Emerald LLC Delaware4
  • K-PEC Equinox Aggregator GP Limited Cayman Islands4
  • K-PEC Equinox LLC Delaware4
  • K-PEC Evergreen Aggregator GP Limited Cayman Islands4
  • K-PEC Evergreen LLC Delaware4
  • K-PEC FK Investment Capital GP LLC Delaware4
  • K-PEC FK Investment Funding 2 GP LLC Delaware4
  • K-PEC FK Investment Funding GP LLC Delaware4
  • K-PEC FK Investment GP LLC Delaware4
  • K-PEC FK Investment Intermediate GP LLC Delaware4
  • K-PEC Fidelio Aggregator GP LLC Delaware4
  • K-PEC Formulations Aggregator GP LLC Delaware4
  • K-PEC Frigeo Aggregator GP LLC Delaware4
  • K-PEC Game Changer Aggregator GP LLC Delaware4
  • K-PEC Gameday Aggregator GP LLC Delaware4
  • K-PEC Gamma Aggregator GP LLC Delaware4
  • K-PEC Ganesha Aggregator GP Limited Cayman Islands4
  • K-PEC Ganesha LLC Delaware4
  • K-PEC Geologist Aggregator GP Limited Cayman Islands4
  • K-PEC Geologist LLC Delaware4
  • K-PEC HMH Investment Capital GP LLC Delaware4
  • K-PEC HMH Investment GP LLC Delaware4
  • K-PEC HMH Investment Holding GP LLC Delaware4
  • K-PEC Hector Aggregator GP Limited Cayman Islands4
  • K-PEC Hector LLC Delaware4
  • K-PEC HedgeCo LLC Cayman Islands4
  • K-PEC HedgeCo Preferred Holder Limited Cayman Islands4
  • K-PEC Highlander Aggregator GP Limited Cayman Islands4
  • K-PEC Highlander LLC Delaware4
  • K-PEC Holdings LLC Delaware4
  • K-PEC Horizon LLC Delaware4
  • K-PEC Icon Aggregator GP LLC Delaware4
  • K-PEC Illume Aggregator GP Limited Cayman Islands4
  • K-PEC Illume LLC Delaware4
  • K-PEC Inception Aggregator GP Limited Cayman Islands4
  • K-PEC Inception LLC Delaware4
  • K-PEC Indigo Aggregator GP LLC Delaware4
  • K-PEC Insight Aggregator GP LLC Delaware4
  • K-PEC Integrity 2025 Aggregator GP Limited Cayman Islands4
  • K-PEC Integrity 2025 LLC Delaware4
  • K-PEC June Aggregator GP LLC Delaware4
  • K-PEC Kairos Aggregator GP Limited Cayman Islands4
  • K-PEC Kairos LLC Delaware4
  • K-PEC Kelvin Aggregator GP Limited Cayman Islands4
  • K-PEC Kelvin LLC Delaware4
  • K-PEC Leaf Aggregator GP Limited Cayman Islands4
  • K-PEC Liquidity Limited Cayman Islands4
  • K-PEC Lucis Aggregator GP Limited Cayman Islands4
  • K-PEC Lucis LLC Delaware4
  • K-PEC Merlin Aggregator GP LLC Delaware4
  • K-PEC Modena Aggregator GP LLC Delaware4
  • K-PEC Mountain LLC Delaware4
  • K-PEC Mounty Aggregator GP Limited Cayman Islands4
  • K-PEC Mounty LLC Delaware4
  • K-PEC Nest Aggregator GP LLC Delaware4
  • K-PEC Obsidian Aggregator GP LLC Delaware4
  • K-PEC Oculus Aggregator GP LLC Delaware4
  • K-PEC Odyssey Aggregator GP L.P. Ontario4
  • K-PEC Odyssey LLC Delaware4
  • K-PEC Odyssey LP Holder LLC Delaware4
  • K-PEC Orion Aggregator GP Limited Cayman Islands4
  • K-PEC Orion LLC Delaware4
  • K-PEC Palladium Aggregator GP Limited Cayman Islands4
  • K-PEC Palladium LLC Delaware4
  • K-PEC Patagonia Aggregator GP Limited Cayman Islands4
  • K-PEC Patagonia LLC Delaware4
  • K-PEC Pebble Aggregator GP Limited Cayman Islands4
  • K-PEC Pebble LLC Delaware4
  • K-PEC Phoenix Aggregator GP LLC Delaware4
  • K-PEC Phoenix Holdings GP Limited Cayman Islands4
  • K-PEC Phoenix LLC Delaware4
  • K-PEC PlutusX Aggregator GP Limited Cayman Islands4
  • K-PEC Poseidon Aggregator GP Limited Cayman Islands4
  • K-PEC Poseidon LLC Delaware4
  • K-PEC Precise Aggregator GP Limited Cayman Islands4
  • K-PEC Precise LLC Delaware4
  • K-PEC Proof Blocker GP LLC Delaware4
  • K-PEC Proof GP LLC Delaware4
  • K-PEC Rainbow Aggregator GP Limited Cayman Islands4
  • K-PEC Rainbow LLC Delaware4
  • K-PEC Rapid Aggregator GP Limited Cayman Islands4
  • K-PEC Rapid LLC Delaware4
  • K-PEC Respond Aggregator GP LLC Delaware4
  • K-PEC Rhea Aggregator GP LLC Delaware4
  • K-PEC Rise Aggregator GP Limited Cayman Islands4
  • K-PEC Rise LLC Delaware4
  • K-PEC Romulus Aggregator GP LLC Delaware4
  • K-PEC Sandy Aggregator GP Limited Cayman Islands4
  • K-PEC Sandy LLC Delaware4
  • K-PEC Sansibar Aggregator GP Limited Cayman Islands4
  • K-PEC Sansibar LLC Delaware4
  • K-PEC Show Aggregator GP Limited Cayman Islands4
  • K-PEC Show LLC Delaware4
  • K-PEC Silver Aggregator GP Limited Cayman Islands4
  • K-PEC Silver Investment GP LLC Delaware4
  • K-PEC Silver Investment Holding GP LLC Delaware4
  • K-PEC Silver Investment Intermediate GP LLC Delaware4
  • K-PEC Silver LLC Delaware4
  • K-PEC Skagit Aggregator GP LLC Delaware4
  • K-PEC Snacking Aggregator GP Limited Cayman Islands4
  • K-PEC Snacking LLC Delaware4
  • K-PEC Spark Aggregator GP LLC Delaware4
  • K-PEC Spire Aggregator GP LLC Delaware4
  • K-PEC Sprig Aggregator GP LLC Delaware4
  • K-PEC Stingray Aggregator GP LLC Delaware4
  • K-PEC TK Investment Aggregator GP Limited Cayman Islands4
  • K-PEC TK Investment LLC Delaware4
  • K-PEC Tassel Aggregator GP LLC Delaware4
  • K-PEC Tigra Aggregator GP Limited Cayman Islands4
  • K-PEC Tigra LLC Delaware4
  • K-PEC Traviata Aggregator GP Limited Cayman Islands4
  • K-PEC Traviata LLC Delaware4
  • K-PEC Trident Aggregator GP LLC Delaware4
  • K-PEC Uno Aggregator GP LLC Delaware4
  • K-PEC Wisdom Aggregator GP LLC Delaware4
  • K-PEC YYK LLC Delaware4
  • K-PEC Zinc Aggregator GP LLC Delaware4
  • L-PEC PlutusX LLC Delaware4

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

Timeline

  1. Sep 23, 20268-K Unregistered sale of shares23
  2. Sep 21, 20268-K Other events24
  3. Sep 14, 20268-K Entered a material agreement; New debt or obligation25
  4. Aug 27, 20268-K Unregistered sale of shares26
  5. Aug 21, 20268-K Other events27
  6. Jul 24, 20268-K Unregistered sale of shares28
  7. Jul 21, 20268-K Other events29
  8. Jul 2, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote30
  9. Jun 24, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares31
  10. Jun 18, 20268-K Other events32
  11. Jun 4, 20268-K Entered a material agreement; New debt or obligation33
  12. May 27, 20268-K Unregistered sale of shares34
  13. Jun 13, 2023New chief executive Alisa A. Wood becomes CEO12

Filings

190 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 91 major events, 68 insider forms, 6 private raises, 12 other. The latest 20:

  1. Sep 23, 20268-K EDGAR
  2. Sep 21, 20268-K EDGAR
  3. Sep 14, 20268-K EDGAR
  4. Aug 27, 20268-K EDGAR
  5. Aug 21, 20268-K EDGAR
  6. Aug 12, 202610-Q EDGAR
  7. Jul 24, 20268-K EDGAR
  8. Jul 23, 20264 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 24, 20268-K EDGAR
  15. Jun 18, 20268-K EDGAR
  16. Jun 4, 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 190 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.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 19, 2025Wood Alisa A.Co-Chief Executive OfficerBuy30,745$32.53$1.0MForm 4
Apr 19, 2024Naratil Thomas C.DirectorBuy76,997$25.97$2.0MForm 4

From Forms 4 filed with the SEC.

Money raised

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

  1. Aug 1, 2023Raised $10.2 billion in a private offering of equity Form D: 55,426 investors so far Form D

SEC filer profile

How KKR Private Equity 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 Private Equity Conglomerate LLC1
  • CIK0001957845
  • Employer ID (EIN)88-43680335
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address30 Hudson Yards, New York, NY 100011
  • Phone212-750-83001
  • Shares outstanding7,920,937 Class D Shares shares; 62,921,282 Class I Shares shares; 694,206 Class S Shares shares; 73,895,127 Class U Shares shares; 11,253,236 Class RD Shares shares; 60,262,916 Class RI Shares shares; 102,549,101 Class RU Shares shares; 6,283,273 Class F Shares shares; 40 Class G Shares shares; 40 Class H Shares shares as of Mar 20, 20265
  • Public float$0 as of Jun 30, 20252
  • AuditorDeloitte & Touche LLP, San Francisco, California PCAOB ID 34; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceApr 14, 20231
  • Filings190 in all: 8-K (91), 4 (52), 3 (13), 10-Q (10), D/A (5), 10-12G/A (4), UPLOAD (4), 10-K (3)1
    All 12 form types

    4/A (3), CORRESP (3), 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 23, 2026

Securities registered for trading

ClassSymbolExchange
None

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks KKR Private Equity Conglomerate LLC names in Item 1A of its 10-K filed Mar 26, 2026: 76 risks under these headings, as written.5

  • Risks Related to Our Business
  • Difficult market and economic conditions can, and periodically do, materially and adversely affect our business.
  • 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 portfolio companies 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.
  • We may be adversely impacted by a downgrade to the U.S. credit rating.
  • 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.
  • Extensive regulation of our business affects our activities and creates the potential for significant liabilities and penalties, which could materially and adversely affect our business.
  • 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.
The other 65 risks
  • 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 portfolio companies 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 Portfolio Companies and Industry Focus
  • Our acquisitions and holdings may be subject to a number of inherent risks.
  • We may acquire interests in portfolio companies through arrangements with third parties, including a minority interest, to the extent consistent with maintaining our exclusion from the Investment Company Act.
  • We have in the past, and may in the future enter into Joint Ventures with third parties to acquire portfolio companies, which could result in shared decision-making authority and conflicts of interest.
  • We have acquired, and may in the future acquire, portfolio companies through follow-on and secondary transactions with existing holders of interests in individual portfolio companies or commingled funds, which could result in different return profiles, certain conflicts of interest and increased costs.
  • We may make a limited number of acquisitions, or acquisitions that are concentrated in certain portfolio companies or geographic regions, which could negatively affect our performance to the extent those concentrated holdings perform poorly.
  • We have acquired, and may in the future acquire, portfolio companies involved in heavily regulated industries.
  • We have acquired, and may in the future acquire, portfolio companies subject to commodity price risk and energy industry market dislocation.
  • We have acquired, and may in the future acquire, portfolio companies that may be exposed to interest rate risk, meaning that changes in prevailing market interest rates could negatively affect the value of such portfolio companies.
  • If a portfolio company is unable to increase its revenue in times of higher inflation, its profitability might be adversely affected.
  • We have acquired, and may in the future acquire, portfolio companies involved in the health care sector, which is subject to risks of changes in government policies, regulatory approval and continual regulatory review.
  • We may acquire portfolio companies in the renewable energy industry, which is subject to risks of a rapidly evolving market.
  • We have acquired, and may in the future acquire, portfolio companies experiencing or expected to experience financial difficulties, or that otherwise may become distressed, which may ultimately cause such portfolio companies to become subject to bankruptcy proceedings.
  • We have acquired, and may in the future acquire, emerging and less established companies that are heavily dependent on new technologies, where success is less certain.
  • We have acquired, and may in the future acquire, companies that are heavily dependent on patents, trademarks and other intellectual property.
  • We have acquired, and may in the future acquire, portfolio companies 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, portfolio companies involved in the media industry, which is subject to risks of adverse government regulation.
  • We have acquired, and may in the future acquire, portfolio companies in the communications industry.
  • We have acquired, and may in the future acquire, “middle market” portfolio companies, which involves certain risks that are not encountered in large-sized acquisitions.
  • We have acquired, and may in the future acquire, portfolio companies that are based outside of the United States, which may expose us to additional risks not typically associated with acquiring companies that are based in the United States.
  • We may be impacted by changes in trade policies.
  • Fluctuations in currency values could adversely affect the U.S. dollar value of portfolio companies, interest, dividends and other revenue streams received by us, gains and losses realized on the sale of portfolio companies and the amount of distributions, if any, to be made by us.
  • We have acquired, and may in the future acquire, portfolio companies based in Asia, which may be dependent upon international trade.
  • We have acquired, and may in the future acquire, preferred and/or structured equity securities and pursue opportunistic credit and debt strategies, which may materially and adversely impact our liquidity.
  • Additional capital requirements of portfolio companies may offer terms unfavorable to the Company and are subject to change.
  • We have acquired, and may in the future acquire, toehold interests and certain investments in publicly traded securities of portfolio companies.
  • 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 portfolio companies.
  • We will rely on the ability of the management teams of our portfolio companies 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 portfolio companies 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 portfolio companies, 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.
  • We do not expect to make distributions on a regular basis.
  • Valuations of our portfolio companies 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 our holdings in portfolio companies, 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.

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.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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  34. 34