KKR Infrastructure Fund (“KIF”)

Access a Diversified Range of Infrastructure Opportunities from a Market Leader

SHARE CLASS
NAV PER SHARE
As of 30/4/2024

Introducing KIF

Gain an understanding on KKR Infrastructure Fund (KIF), an infrastructure solution in a single strategy for eligible individual investors with diversified exposure across Infrastructure sectors, geographies, vintage and risk return profiles.

Four Reasons to Consider KIF

KIF is an open-ended solution that provides eligible individual investors with direct exposure to KKR’s well-established Infrastructure platform

1

Access to the potential benefits of private infrastructure

2

Open-ended fund designed for individual investors

3

Single entry point to KKR's full suite of Infrastructure Investment strategies

4

Immediate exposure to a diversified infrastructure portfolio*

 

*An investment in KIF involves subscribing to shares of a collective investment and not of a given underlying asset.

There are several risks associated with investment in this Fund. Please refer to “Important Information – Risk Disclosures” at the bottom of the page for further information.

Note: Unless indicated, the above reflects the current market views, opinions and expectations of KKR based on its historical experience. Investments in infrastructure strategies are subject to several risks, and there is no guarantee that any fund’s investment program will be successful or that an investor will realize a return of invested capital. Target performance is not necessarily indicative of future results and is provided as an indicator as to the anticipated risk profile of the strategy. There can be no assurance that the targeted returns or cash yield will be achieved. Downside protection is no guarantee against future losses. An investment in the strategy involves a high degree of risk that can result in substantial losses. There can be no assurance that the Fund will achieve its targets or that investors will receive a return of any capital. Diversification does not guarantee returns or capital preservation.

Potential Benefits of Investing in Private Infrastructure

Potential for Downside Protection<sup>1</sup>

Potential for Downside Protection1

Essential services with strong market positions may create resiliency to economic shocks

Potential for Cash Distribution

Potential for Cash Distribution

May provide an opportunity for consistent income supported by long-term contracts or regulated revenues

Inflation Protection

Inflation Protection

KKR believes Infrastructure can provide a natural hedge against inflation through pricing power and contracted adjustments

Diversification<sup>2</sup>

Diversification2

Potential low correlation to traditional asset classes and complementary to other real assets

Upside Potential

Upside Potential

Investment opportunities in thematic trends (e.g., digitization, decarbonization and deconsolidation) may benefit from sustainable, long-term industry tailwinds

There are several risks associated with investment in this Fund. Please refer to “Important Information – Risk Disclosures” at the bottom of the page for further information.

Note: Investments in Infrastructure strategies are subject to several risks and there is no guarantee that any investment program will be successful or that an investor will
realize a return of invested capital. There can be no assurance investment objectives will be achieved.

(1) Downside protection is no guarantee against future losses. (2) Diversification does not guarantee returns or capital preservation.

Structured with Eligible Individual Investors in Mind

Attractive & Efficient Structure
Continuously available with monthly subscriptions

Continuously available with monthly subscriptions

Fully drawn, no capital calls

Fully drawn, no capital calls

Available for eligible individual investors

Available for eligible individual investors

Quarterly liquidity

Quarterly liquidity

Low investment minimum

Low investment minimum

Quarterly distributions

Quarterly distributions

There are several risks associated with investment in this Fund. Please refer to “Important Information – Risk Disclosures” at the bottom of the page for further information.

Note: Investments in infrastructure strategies are subject to several risks, and there is no guarantee that any fund’s investment program will be successful or that an investor will realize a return of invested capital. Unless indicated, the above reflects the current market views, opinions and expectations of KKR based on its historical experience. The above schedule is for discussion purposes only. Target returns are hypothetical in nature and are shown for illustrative, informational purposes only. Please see
Important Information at the beginning of this Presentation for additional disclosure regarding target returns and risks associated with investment. An investment in KIF involves subscribing to units or shares of a collective investment and not of a given underlying asset.

Learn More About Infrastructure

Discover the latest insights and analysis from our KKR Global Macro & Asset Allocation and Infrastructure Investment teams, including simple guides to understand infrastructure and the role it can play in a traditional portfolio.

Summary Terms

Fund Name

KKR Infrastructure Fund SICAV SA

Investment Objective

KIF will seek to generate attractive risk-adjusted returns, consisting of both ongoing current income and capital appreciation, by focusing on infrastructure businesses and assets

Structure

Luxembourg Part II UCI

Focus

Core, Core+ & Growth Infrastructure in OECD markets

Risk

There are several risks associated with investment in this fund. Please refer to “Important Information – Risk Disclosures” in the footer of the website for further information.

Share Classes

  • Class R (USD; No Servicing Fee),  accumulation and distribution options
  • Class N (USD; Servicing Fee of 85bps on NAV per annum), accumulation and distribution options

Management Fee

  • 1.00% of NAV per annum for 5 years on subscriptions made in year 1; reverting to 1.25% after 5 years
  • 1.25% of NAV per annum on subscriptions made starting year 2 onwards

Incentive Fee

12.5%, subject to 5% hurdle and a high water mark, with a 100% catch up; crystalized annually

Valuations & Subscriptions

Monthly valuations, monthly subscriptions

Liquidity & Early Redemption Deduction

  • Quarterly liquidity, up to 5% of aggregate NAV per quarter
  • First redemptions will be accepted September 30, 2023
  • 5% early redemption deduction on shares redeemed within 24 months
  • Additional quarterly liquidity available above 5% subject to conditions including a 10% penalty, see Prospectus for further details

Fund-Level Leverage3

  • No long-term level leverage
  • KIF will not incur indebtedness, directly or indirectly, that would cause the Leverage Ratio to be in excess of 30%

Currency

USD (Reference Currency)

Minimum Investment

USD $25,000 or more, in accordance with local regulatory requirements

Note: This information does not constitute an offer to sell or a solicitation of an offer to purchase, or the marketing of, any security. Any such security will only be offered where the laws of the relevant jurisdiction have been satisfied. There is no guarantee that KIF will achieve its investment objectives. There is a risk of losing all or part of the investment. This summary is qualified in its entirety by the more detailed information contained in the applicable prospectus and related documentation, all of which should be reviewed carefully and contain additional terms to those included in this summary. There is a risk of losing all or part of the investment. Please refer to the Sections: “Risk Factors” and “Potential Conflicts of Interest” of the Prospectus for additional details on the risks associated with an investment in KIF. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. (3) Where provided for in the Fund Documents, the Fund may use leverage for the purpose of financing any investment-related activities of the Fund and/or to enhance overall returns, however any event that adversely affects the value of an investment by the Fund would be magnified to the extent leverage is used.

Share Class

SHARES CLASS
CURRENCY
TYPE OF SHARE
ISIN
LAUNCH DATE
NAV DATE
NAV/SHARE
June-23 Series
USD
-
-
1 June 2023
30 Apr 2024
28.15

July-23 Series
USD
-
-
1 July 2023
30 Apr 2024
28.15

Aug-23 Series
USD
-
-
1 Aug 2023
30 Apr 2024
28.15

Sep-23 Series
USD
-
-
1 Sep 2023
30 Apr 2024
28.15

Oct-23 Series
USD
-
-
1 Oct 2023
30 Apr 2024
28.15

Nov-23 Series
USD
-
-
1 Nov 2023
30 Apr 2024
28.15

Dec-23 Series
USD
-
-
1 Dec 2023
30 Apr 2024
28.15

Jan-24 Series
USD
-
-
1 Jan 2024
30 Apr 2024
28.15

Feb-24 Series
USD
-
-
1 Feb 2024
30 Apr 2024
28.15

Mar-24 Series
USD
-
-
1 Mar 2024
30 Apr 2024
28.15

Apr-24 Series
USD
-
-
1 Apr 2024
30 Apr 2024
28.15

June-23 Series
USD
-
-
1 June 2023
30 Apr 2024
27.34

July-23 Series
USD
-
-
1 July 2023
30 Apr 2024
27.34

Aug-23 Series
USD
-
-
1 Aug 2023
30 Apr 2024
27.34

Sep-23 Series
USD
-
-
1 Sep 2023
30 Apr 2024
27.34

Oct-23 Series
USD
-
-
1 Oct 2023
30 Apr 2024
27.34

Nov-23 Series
USD
-
-
1 Nov 2023
30 Apr 2024
27.34

Dec-23 Series
USD
-
-
1 Dec 2023
30 Apr 2024
27.34

Jan-24 Series
USD
-
-
1 Jan 2024
30 Apr 2024
27.34

Feb-24 Series
USD
-
-
1 Feb 2024
30 Apr 2024
27.34

Mar-24 Series
USD
-
-
1 Mar 2024
30 Apr 2024
27.34

Apr-24 Series
USD
-
-
1 Apr 2024
30 Apr 2024
27.34

June-23 Series
USD
-
-
1 June 2023
30 Apr 2024
27.94

July-23 Series
USD
-
-
1 July 2023
30 Apr 2024
27.94

Aug-23 Series
USD
-
-
1 Aug 2023
30 Apr 2024
27.94

Sep-23 Series
USD
-
-
1 Sep 2023
30 Apr 2024
27.94

Oct-23 Series
USD
-
-
1 Oct 2023
30 Apr 2024
27.94

Nov-23 Series
USD
-
-
1 Nov 2023
30 Apr 2024
27.94

Dec-23 Series
USD
-
-
1 Dec 2023
30 Apr 2024
27.94

Jan-24 Series
USD
-
-
1 Jan 2024
30 Apr 2024
27.94

Feb-24 Series
USD
-
-
1 Feb 2024
30 Apr 2024
27.94

Mar-24 Series
USD
-
-
1 Mar 2024
30 Apr 2024
27.94

Apr-24 Series
USD
-
-
1 Apr 2024
30 Apr 2024
27.94

June-23 Series
USD
-
-
1 June 2023
30 Apr 2024
27.13

July-23 Series
USD
-
-
1 July 2023
30 Apr 2024
27.13

Aug-23 Series
USD
-
-
1 Aug 2023
30 Apr 2024
27.13

Sep-23 Series
USD
-
-
1 Sep 2023
30 Apr 2024
27.13

Oct-23 Series
USD
-
-
1 Oct 2023
30 Apr 2024
27.13

Nov-23 Series
USD
-
-
1 Nov 2023
30 Apr 2024
27.13

Dec-23 Series
USD
-
-
1 Dec 2023
30 Apr 2024
27.13

Jan-24 Series
USD
-
-
1 Jan 2024
30 Apr 2024
27.13

Feb-24 Series
USD
-
-
1 Feb 2024
30 Apr 2024
27.13

Mar-24 Series
USD
-
-
1 Mar 2024
30 Apr 2024
27.13

Apr-24 Series
USD
-
-
1 Apr 2024
30 Apr 2024
27.13

Historical NAV per Share

SHARE CLASS
YEAR
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC

Historical Distribution Accruals

SHARE CLASS
YEAR
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Class RD
2023
-
-
-
-
-
-
$0.06
$0.09
$0.09
$0.09
$0.09
$0.09
Class RD
2024
$0.00
$0.00
$0.28
$0.00
-
-
-
-
-
-
-
-
Class ND
2023
-
-
-
-
-
-
$0.06
$0.09
$0.09
$0.09
$0.09
$0.09
Class ND
2024
$0.00
$0.00
$0.28
$0.00
-
-
-
-
-
-
-
-

 

The figures above are provided for information purposes only and include preliminary, unaudited results, which are subject to further review and adjustment. No reliance should be placed upon such figures.

KIF Monthly Report