KKR Private Markets Equity Fund (K-PRIME)

Access a Diversified Range of Private Equity Opportunities from a Market Leader

SHARE CLASS
NAV PER SHARE
As of 31/12/2023

Introducing K-PRIME

Gain an understanding of K-PRIME, a globally diversified private equity strategy that provides exposure to KKR’s private equity platform, with the ability to participate in all current and future KKR managed private equity strategies alongside KKR funds via an open-ended fund vehicle.

Five Reasons to Consider K-PRIME

KKR Private Markets Equity (K-PRIME) is an open-ended fund that provides access to KKR’s well-established private equity platform

1

Access to an Industry Leader and Pioneer

Single efficient access point to one of the world’s leading global private equity firms, with over 46 years of investing experience

2

Attractive ‘Direct Investment’ Access

Ability to invest in every KKR private equity deal alongside KKR funds

3

Asset Class Solution

A pure private equity asset class solution in a single strategy, diversified across buyout, growth, middle market, global impact and core private equity

4

Immediate Exposure1

Immediate exposure to a diversified and seasoned private equity portfolio

5

Efficient Structure

Fully drawn structure without capital calls, monthly subscriptions, quarterly redemptions2, Luxembourg structure with broad distribution

Investments in private equity 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 historic experience.

1.  An investment in K-PRIME involves subscribing to units or shares of a collective investment and not of a given underlying asset.

2.  Subject to a 2-year investor level soft lock with a 5% early repurchase fee. Quarterly liquidity up to 5% of aggregate NAV per quarter. Additional quarterly liquidity available above 5% subject to conditions, see Prospectus for further details.

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.

K-PRIME Portfolio Building Blocks

KKR North America Buyout

KKR Europe Buyout

KKR Asia-Pacific Buyout

KKR U.S. Middle-Market Buyout

KKR Technology Growth

KKR Asia-Pacific Technology Growth

KKR Health Care Growth

KKR Global Impact

KKR Global Core Private Equity

Private Equity Secondaries

Liquidity Sleeve

KKR Liquid Credit Strategies

Cash-Like Securities

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.

Designed as an Innovative and Efficient Way to Invest in Private Equity

K-PRIME provides exposure to an asset class which was previously accessible only to institutional and professional investors

K-PRIME (Open-Ended) TRADITIONAL PE (CLOSED-ended)

Continuously Available at Scale

Continuously Available at Scale open-ended
Continuously Available at Scale closed-ended

More Accessible Investor Qualifications

More Accessible Investor Qualifications open-ended
More Accessible Investor Qualifications closed-ended

Fully Drawn (No Capital Calls)

Fully Drawn (No Capital Calls) open-ended
Fully Drawn (No Capital Calls) closed-ended

Quarterly Liquidity (Subject to Gates)

Quarterly Liquidity (Subject to Gates) open-ended
Quarterly Liquidity (Subject to Gates) closed-ended

Lower Investment Minimums

Lower Investment Minimums open-ended
Lower Investment Minimums closed-ended

Immediate Exposure

Immediate Exposure open-ended
Immediate Exposure closed-ended

Monthly Pricing of NAV

Monthly Pricing of NAV open-ended
Monthly Pricing of NAV closed-ended

Straight-Through Processing

Straight-Through Processing open-ended
Straight-Through Processing closed-ended

The above schedule reflects KKR views and is for illustrative purposes only.

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.

Learn More About Private Equity

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

Summary Terms

Fund Name

KKR Private Markets Equity Fund SICAV SA

Investment Objective

Seeks to generate attractive risk-adjusted returns with lower volatility relative to public markets and achieve medium-to-long-term capital appreciation through investments in global private markets

Structure

Luxembourg Part II UCI

Risks

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.

Geography / Focus

Global / Private Equity – Buyout, Growth, Middle Market, Global Impact and Core3

Share Classes

  • Class R (USD; No servicing fee)
  • Class N (USD; Servicing fee of 85 bps of the NAV per annum)
  • Class I (AUD; No Servicing Fee)

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 from year 2 onwards

Incentive fee

15% subject to 5% hurdle

Early Repurchase Fee / Soft Lock

5% early redemption fee on shares redeemed within 24 months

Liquidity / Redemption

Quarterly liquidity, up to 5% of aggregate NAV per quarter

Additional quarterly liquidity available above 5% subject to conditions, see the Prospectus for further details.

Fund-Level Leverage

No long-term fund level leverage. Short-term credit facility of up to 30% of NAV for liquidity management4

Minimum Investment

  • USD 25,000 (Share Class R&N) or more in accordance with local regulatory requirements
  • AUD 1,000,000 (Share Class I)

Currency

USD (Reference Currency) and AUD, ability to offer other classes post launch (demand dependent)

3. Investments are not limited to these strategies.

4. 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.

Note: The above information does not constitute an offer to sell or a solicitation of an offer to purchase, or the marketing of, any security. There is no guarantee that K-PRIME will achieve its investment objectives. There is a risk of losing all or part of the investment. Please refer to the Prospectus of the “KKR Private Markets Equity Fund SICAV SA” and to the “KKR Private Markets Equity Fund SICAV SA – I KID” before making an investment decision.

Fees shown above include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

Share Class

SHARES CLASS
CURRENCY
ISIN
LAUNCH DATE
NAV DATE
NAV/SHARE
May-23 Series
USD
-
1 May 2023
31 Dec 2023
26.42

June-23 Series
USD
-
1 June 2023
31 Dec 2023
26.42

July-23 Series
USD
-
1 July 2023
31 Dec 2023
26.42

Aug-23 Series
USD
-
1 Aug 2023
31 Dec 2023
26.42

Sep-23 Series
USD
-
1 Sep 2023
31 Dec 2023
26.42

Oct-23 Series
USD
-
1 Oct 2023
31 Dec 2023
26.42

Nov-23 Series
USD
-
1 Nov 2023
31 Dec 2023
26.42

Dec-23 Series
USD
-
1 Dec 2023
31 Dec 2023
26.42

May-23 Series
USD
-
1 May 2023
31 Dec 2023
26.27

June-23 Series
USD
-
1 June 2023
31 Dec 2023
26.27

July-23 Series
USD
-
1 July 2023
31 Dec 2023
26.27

Aug-23 Series
USD
-
1 Aug 2023
31 Dec 2023
26.27

Sep-23 Series
USD
-
1 Sep 2023
31 Dec 2023
26.27

Oct-23 Series
USD
-
1 Oct 2023
31 Dec 2023
26.27

Nov-23 Series
USD
-
1 Nov 2023
31 Dec 2023
26.27

Dec-23 Series
USD
-
1 Dec 2023
31 Dec 2023
26.27

June-23 Series
AUD
-
1 June 2023
31 Dec 2023
25.66

July-23 Series
AUD
-
1 July 2023
31 Dec 2023
25.66

Aug-23 Series
AUD
-
1 Aug 2023
31 Dec 2023
25.66

Sep-23 Series
AUD
-
1 Sep 2023
31 Dec 2023
25.66

Oct-23 Series
AUD
-
1 Oct 2023
31 Dec 2023
25.66

Nov-23 Series
AUD
-
1 Nov 2023
31 Dec 2023
25.66

Dec-23 Series
AUD
-
1 Dec 2023
31 Dec 2023
25.66

 

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.