KKR Infrastructure Fund ELTIF
Managed by KKR (Kohlberg Kravis Roberts & Co.)
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KKR Infrastructure Fund ELTIF
Key Statistics
Fund Size
€128.8M
Target Return
10.8%
Launch Year
2026
Min. Investment
€10,000
Availability
Open through selected distributors
Structure
SCA-SICAV Part II UCI sub-fund (ELTIF)
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.25%
Carry
12.5% of total return over 5% annual hurdle, high-water mark, 100% catch-up
Hurdle Rate
5%
High Water Mark
Yes
Catch-Up Mechanism
100% catch-up
ISIN
LU3078537365
Currencies
EUR, USD
Investor Eligibility
Retail
Liquidity Options
Monthly subscriptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
3 out of 7
Annual Returns (KID Scenarios)
Stressed
-2.01%
Moderate
8.77%
Favorable
10.76%
Average Total Cost Level (KID)
3.2%
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Information about fund
KIF ELTIF at a Glance
KKR Infrastructure Fund ELTIF is the retail-passported member of KKR's evergreen infrastructure family. It is a sub-fund of KKR K-Series SCA-SICAV in Luxembourg, authorised as an ELTIF on 19 June 2025, and took its first subscriptions on 1 January 2026. It invests alongside KKR's institutional infrastructure funds and the older KKR Infrastructure Fund SICAV SA (KIF), which is a separate vehicle with its own terms. At 31 July 2026 the ELTIF held USD 128.8 million across 61 holdings, with renewables, energy-from-waste and data centres as the largest sectors. It is marketed to retail investors in the Netherlands, with Dutch-language KIDs.
Key Figures
Net Asset Value
USD 128.8M
31 July 2026; 61 holdings in 25+ countries
Minimum
EUR 10,000
EUR classes open; USD R and N classes closed to new money
Management Fee
1.25% p.a.
Waived in 2026; plus 12.5% over a 5% hurdle with HWM
Ongoing Costs
2.04%
Class R KID, 14 Aug 2026; Class N 2.89% incl. servicing fee
Risk Indicator
3 / 7
KID 14 Aug 2026; recommended holding period 5 years
Liquidity Sleeve
18%
Of the portfolio, 31 July 2026; target up to 20%
Terms & Liquidity
| Legal Structure | Sub-fund of KKR K-Series SCA-SICAV (Luxembourg Part II UCI, RCS B298073), authorised by the CSSF as an ELTIF; 99-year term |
| Manager | AIFM KKR Alternative Investment Management Unlimited Company (Central Bank of Ireland); investment manager Kohlberg Kravis Roberts & Co. L.P.; depositary BNY Mellon SA/NV, Luxembourg Branch |
| Share Classes / ISIN | RA EUR LU3078537365, RD EUR LU3078537522, NA EUR LU3078537878, ND EUR LU3078538090, DA EUR LU3397814198, DD EUR LU3397814271; USD: RA LU3078537282, RD LU3078537449, NA LU3078537795, ND LU3078537951 |
| NAV per Share | 30 June 2026: RA EUR 25.89, RD EUR 25.56, RA USD 25.99; no return figures published yet |
| Subscriptions | Monthly at prior month-end NAV; orders four business days before the first calendar day of the month |
| Redemptions | Quarterly, generally capped at 5% of aggregate NAV; 30 calendar days' notice; settlement within about 45 days |
| Early Redemption | Up to 5% deduction within two years of subscription; Class D pays a 0.3% redemption fee instead; optional liquidity programme at a 10% penalty |
| Leverage and SFDR | Leverage ratio capped at 50%; derivatives for hedging only; SFDR Article 6 |
| Distribution | ESMA register: retail and professional, 27 EEA states incl. the Netherlands; Dutch KIDs; facilities agent FE fundinfo |
Management Team
Raj Agrawal
Global Head of Real Assets
Tara Davies
Co-Head of KKR EMEA and Co-Head of European Infrastructure
James Cunningham
Partner
Alberto Signori
Partner
Michael Ryan
Managing Director
Points to weigh. The fund is young: it has less than one calendar year of history, so no performance figures are published and the KID scenarios, ranging from -2.01% (stress) to 10.76% (favourable) a year over five years, are illustrations rather than forecasts. Liquidity is limited by design: quarterly redemptions are capped at 5% of NAV, requests can be scaled back or suspended, and selling within two years can cost up to 5% of NAV. The management fee is waived only for 2026, so ongoing costs are expected to rise afterwards, on top of a 12.5% performance participation. Assets are largely valued in currencies other than the euro, and hedging of EUR classes is at the manager's discretion. The fund invests next to other KKR vehicles, which creates allocation and valuation conflicts that the prospectus describes.
Deepdive & Related Funds
Other KKR (Kohlberg Kravis Roberts & Co.) Funds
KKR Income Trust I (KIT)
KKR Income Trust I (KIT) is an evergreen Luxembourg SICAV-RAIF sub-fund that enables investors to gain exposure to the global private credit investments of KKR’s senior secured direct lending in the US and Europe as well as its asset-based finance. KIT is an investment that is reserved for professional and well-informed investors in the form of an R Angie in Luxembourg. Minimum subscription of USD 100,000 applies with subscriptions on a monthly basis and redemptions on a quarterly basis up to 5% of NAV.
KKR Private Markets Equity Fund SICAV SA (K-PRIME)
K-PRIME is an open-ended fund providing individual investors access to KKR's industry-leading private equity platform. The fund offers exposure to all current and future KKR-managed PE strategies including buyout, growth, middle market, core, and global impact investments.
Comparable Funds
Allianz Global Infrastructure ELTIF
A Luxembourg ELTIF 2.0 fund combining global private infrastructure equity (50-80%), infrastructure debt (10-30%) and a liquid sleeve (10-30%). The fund is open to retail investors from EUR 10,000, with quarterly dealing after a 36-month lock-up and 12-month notice, targeting 9-12% gross returns. Classified under Article 8 SFDR, with a summary risk indicator of 5.
Amundi Private Markets ELTIF
Amundi Private Markets ELTIF (“Amundi Prima”) is an evergreen Luxembourg ELTIF launched in November 2024 by Europe’s largest asset manager, run by Amundi Alpha Associates. It allocates flexibly across private equity, private debt and infrastructure in Europe’s real economy (energy transition, digital, social and territorial projects). €1,000 minimum, monthly subscriptions, quarterly redemptions capped at 5% of NAV, SFDR Article 8, KID risk 5/7. Fund size and returns are not yet published.
Blackstone Infrastructure Strategies ELTIF (BXINFRA Lux)
Blackstone Infrastructure Strategies ELTIF (BXINFRA Lux) is a Luxembourg-based, open-ended, evergreen infrastructure fund, regulated by the CSSF as a European long-term investment fund. BXINFRA Lux targets at least 80% of the fund’s NAV in global infrastructure equity, secondaries and credit assets, with up to 20% in UCITS-eligible assets and cash. The minimum subscription is USD/EUR 10,000 and the fund offers quarterly redemptions up to a maximum of 3% of outstanding shares.
Brookfield Infrastructure Income Fund (BII)
Brookfield Infrastructure Income Fund (BII) is a Luxembourg SICAV-UCI Part II feeder fund to Brookfield’s open-ended private infrastructure strategy, which holds 67 private equity and debt investments across power, transport, data, midstream and utilities assets. Monthly subscriptions and quarterly redemptions up to 5% of NAV, with a management fee of 1.25% plus a 12.5% share of fund income.
EQT Nexus (ENXF)
EQT Nexus is EQT’s evergreen semi-liquid private markets fund. It is a Luxembourg-domiciled UCI (SICAV – UCI Part II). The fund’s Master Fund invests in EQT’s current and future private equity and value-add infrastructure funds as well as co-investments. The fund is currently sized at EUR 1.58bn (Jul 2026) and has a minimum subscription price of EUR 25,000 for share class A EUR-Z. Subscriptions can be made on a monthly basis and redemptions on a quarterly basis. Net redemptions are capped at 5% of the fund’s NAV on a quarterly basis.
Natixis Multi Private Assets Navigator
Natixis Multi Private Assets Navigator is an evergreen ELTIF 2.0 fund of funds from Natixis Investment Managers, managed by affiliate VEGA Investment Solutions and allocating across private equity, private debt, infrastructure and real estate. Launched in March 2025 with EUR 54.9m of net assets by March 2026, it offers quarterly dealing after a lock-up to February 2030 with a 5% quarterly gate, charges no performance fee and has a EUR 10,000 retail minimum.
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