KKR Private Markets Equity Fund SICAV SA (K-PRIME)

A fresh window into KKR’s top-tier private equity world opens through KKR Private Markets Equity Fund SICAV SA (K-PRIME), built as an open-ended vehicle. Located in Luxembourg, it sits officially listed under Part II of the Law dated December 17, 2010. Since beginning operations December 5, 2022, this structure now lets everyday investors step directly into every active KKR-led private equity plan - past, present, or still forming - just like large institutional backers with KKR. Its legal form meets strict AIFMD standards, confirming it fits properly as a regulated alternative investment fund.

Out in the market, K-PRIME opens doors where only big investors used to get in. Instead of sticking to one type of deal, it spreads funds across KKR’s wide range - from standard takeovers to growing startups, smaller transactions, global development initiatives, and long-term holdings. Behind it, years of know-how from KKR team up with the Capstone group to shape real results inside each firm they guide. Experience meets fresh approach when timing, location, field, and past outcomes blend into a shifting mix.

Investment Strategies

Right from day one, K-PRIME gives you touchpoints to every part of KKR’s private equity reach, opening doors to a wide-spread investment pool. Instead of standing aside, the fund joins each transaction touching KKR’s private equity efforts, so participation in big-scale opportunities happens alongside gains from breadth and depth. Because of this footing, building spread on your own might feel harder than just stepping into the flow KKR already runs.

• Traditional Private Equity: Large-cap buyouts across Americas, Europe, and Asia-Pacific
• Growth Equity: Investments in high-growth companies including technology and healthcare
• Middle Market: KKR Ascendant strategy targeting mid-sized companies
• Core Private Equity: Longer-duration, lower-risk investments in stable businesses
• Global Impact: Investments addressing environmental and social challenges

Fund Structure & Liquidity

What sets K-PRIME apart is how it blends private equity's typical lack of liquidity with flexible investor access. Instead of relying on capital calls, the fund grows using full drawdowns - this enables continuous signing in and pulling out throughout the month. Share values update each month's closing date before any new buying takes place. Those updated asset values determine the price of each individual share when issued.

• Monthly subscription windows with NAV-based pricing
• Quarterly liquidity up to 5% of aggregate NAV per quarter
• 2-year investor-level soft lock with 5% early repurchase fee
• Additional quarterly liquidity available above 5% subject to conditions
• No capital calls - fully drawn investment structure

Portfolio Composition

Out in the market, K-PRIME spreads its holdings over different regions, industries, and ways of investing. By December 2024, it owned 96 assets - each tied to fields like tech, medical care, factory-based production, everyday goods, or banking tasks. Instead of focusing on just one area, its reach covers the U.S., Canada, parts of Europe, and Australia and nearby countries. That wide view helps balance risks even as local conditions shift from time to time.

• 96 portfolio investments as of December 2024
• Diversified across technology, healthcare, industrials, consumer sectors
• Global geographic exposure across Americas, Europe, and Asia-Pacific
• Vintage diversification across multiple investment years
• Liquidity sleeve maintained for redemption management

Fees & Terms

Inside K-PRIME, terms are built tough - like those found in top-tier markets - but shaped carefully for everyday shareholders. Risk levels place it near the peak, tagged as 6 out of 7, just below the highest mark, along with advice to keep holdings for at least eight years. That ranking points to steep drops possible when markets shift sharply; yet even rough trading hardly touches KKR’s ability to cover what it owes.

• Management fee: 1.25% annually (1.00% for subscriptions prior to November 1, 2024 through April 2028)
• Target net returns: 12-15% per annum
• Risk classification: 6 out of 7 (high risk)
• Recommended holding period: 8 years
• Available through registered investment advisors and broker-dealers