KKR Private Equity Conglomerate LLC
Sponsored by KKR. Operating Company structure focused on private equity.
Operating CompanyPrivate Equity
- Net assets
- $10.78B
source
Quarterly report (Form 10-Q) · filed 2026-05-13 · period 2026-03-31
Members equity
“{'end': '2026-03-31', 'val': 10782401000, 'accn': '0001957845-26-000040', 'fy': 2026, 'fp': 'Q1', 'form': '10-Q', 'filed': '2026-05-13', 'frame': 'CY2026Q1I', 'unit': 'USD'}”
Method Direct: structured XBRL tag
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $33.10
source
Quarterly report (Form 10-Q) · filed 2026-05-13 · period 2026-03-31
total_net_assets 10,782,401,000 / shares_outstanding 325,768,065 (exact same-date denominator; fund-level blended per-share; direct class-level NAV absent for this period)
Method Derived: computed from other stored facts
Open the filing on SEC.gov · Full observation history
Technical locator
Canonical (canonical class) · 2026-03-31 - Net flows, last qtr
- +9.1% qtr ended 2026-03-31
- Leverage in use
- Not captured coverage not available
- Total return, 12m
- Insufficient history computed from NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
to this Current Report on Form 8-K). (2026-07-02)
to this Current Report on Form 8-K). Pursuant to the A&R Dealer-Manager Agreement, the Dealer-Manager will solicit sales of the Company’s shares authorized for issue in accordance with the Company’s confidential Private Placement Memorandum (the “PPM”) and will provide certain administrative and shareholder services to the Company, subject to the terms and conditions set forth in the A&R Dealer-Manager Agreement. The Dealer-Manager will receive certain front-end sales charges, distribution fees, servicing fees and certain other fees as described in the PPM. The Dealer-Manager is an affiliate o
Why it matters and what changed
Governance documents changed. Usually technical; occasionally it moves a shareholder protection, so the specific provision is worth a read.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1957845/000195784526000060/kkr-20260702.htm | Item 5.03
Item 8.01. (2026-07-02)
Item 8.01. Other Events On July 2, 2026, the Board of Directors of the Company adopted a revised share repurchase plan (the “Share Repurchase Plan”) to, among other things, incorporate the Class I Series into the Share Repurchase Plan. The foregoing summary description of the Share Repurchase Plan does not purport to be complete and is qualified in its entirety by reference to the Share Repurchase
Why it matters and what changed
The rules governing how investors exit changed. For a semi-liquid fund the repurchase program IS the liquidity; any change to caps, frequency, or pricing deserves a direct read.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1957845/000195784526000060/kkr-20260702.htm | Item 8.01
Agreement In connection with the foregoing, on July 2, 2026, the Company entered into a Second Amended and Restated Management Agreement (the “Second A&R Management Agreement”)... (2026-07-02)
Agreement In connection with the foregoing, on July 2, 2026, the Company entered into a Second Amended and Restated Management Agreement (the “Second A&R Management Agreement”) with KKR DAV Manager LLC (the “Manager”). The amendment and restatement effects certain changes, including, among other things, the redesignation of Class I Shares as Class I-Series 1 Shares and designation of the Class I-Series 2 Shares, Class I-Series 3 Shares and Class I-Series 4 Shares (together, the “Class I Series”). As amended, the Class I-Series 2 Shares, Class I-Series 3 Shares and Class I-Series 4 Shares will
Why it matters and what changed
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1957845/000195784526000060/kkr-20260702.htm | Item 1.01
Credit facility new or amended: 20 occurrence(s), 2023-07-27 to 2026-07-02
Most recent (2026-07-02): Agreement In connection with the foregoing, on July 2, 2026, the Company entered into a Second Amended and Restated Management Agreement (the “Second A&R Management Agreement”) with KKR DAV Manager LLC (the “Manager”). The amendment and restatement effects certain changes, including, among other things, the redesignation of Class I Shares as Class I-Series 1 Shares and designation of the Class I-Series 2 Shares, Class I-Series 3 Shares and Class I-Series 4 Shares (together, the “Class I Series”). As amended, the Class I-Series 2 Shares, Class I-Series 3 Shares and Class I-Series 4 Shares will
Why it matters and what changed
Financing terms set the fund's cost of leverage and its dry powder. Amendments also reveal what lenders currently think of the collateral: improving spreads and rising commitments signal lender confidence; shrinking availability or margin increases signal the opposite. This fund logged 20 of these in the covered window; the cadence itself is part of the signal.
20 occurrence(s) of this event type stored; earlier instances are on the Fired Flags tab.
Source: https://www.sec.gov/Archives/edgar/data/1957845/000195784526000060/kkr-20260702.htm | Item 1.01
Historical findings (12)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On July 2, 2025, it was announced... (2025-07-02)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2025-02-25)
Sixth Amended and Restated Limited Liability Company Agreement On December 4, 2024, KKR Private Equity Conglomerate LLC (the “Company”) entered into the Sixth Amended and Restated... (2024-12-04)
Fifth Amended and Restated Limited Liability Company Agreement On June 21, 2024, the Company entered into a Fifth Amended and Restated Limited Liability Company Agreement (the... (2024-06-21)
Fourth Amended and Restated Limited Liability Company Agreement On May 30, 2024, the Fourth Amended and Restated Limited Liability Company Agreement (the “Fourth A&R LLCA”) of the... (2024-05-30)
On May 30, 2024, KKR Private Equity Conglomerate LLC (the “Company”) entered into an Amended and Restated Management Agreement (the “A&R Management Agreement”) with KKR DAV... (2024-05-30)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2024-04-07)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2023-12-19)
Third Amended and Restated Limited Liability Company Agreement On December 14, 2023, the Third Amended and Restated Limited Liability Company Agreement (the “Third A&R LLCA”) of... (2023-12-14)
Second Amended and Restated Limited Liability Company Agreement On November 7, 2023, the Second Amended and Restated Limited Liability Company Agreement (the “Second A&R LLCA”) of... (2023-11-07)
Amended and Restated Limited Liability Company Agreement On July 27, 2023, the Company executed its Amended and Restated Limited Liability Company Agreement (the “A&R LLCA”),... (2023-07-27)
On July 27, 2023, KKR Private Equity Conglomerate LLC (the “Company”) entered into a Management Agreement (the “Management Agreement”) with KKR DAV Manager LLC (the “Manager”). (2023-07-27)
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
No structured portfolio-health series or position-change events have been captured for this fund.
Where exit demand met the cap.
The disclosed history shows no rationed period.
No structured redemption history has been captured for this fund.
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
No structured financing components have been captured for this fund.
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
No filed share-class terms have been captured for this fund; ownership type is therefore not inferred.
Management fee: 1.25% of nav by share class per year. source. Pursuant to the Management Agreement, the Manager is entitled to receive a management fee (the 'Management Fee') from the Company in an amount equal to (i) 1.25% per annum of the month-end NAV attributable to Class S, Class D, Class U and Class I Shares, and (ii) 1.00% per annum of the month-end NAV attributable to Class R-S, Class R-D, Class R-U and Class R-I Shares for a 60-month period following August 1, 2023 (the 'Initial Offering'), stepping up to 1.25% per annum thereafter. The KKR Shares (Class G), held entirely by KKR itself, are not subject to the Management Fee. KKR also separately receives a Performance Participation Allocation. Operating-company management agreement; the fund has not yet filed a 10-K (first 10-Q on file), so this is a first-pass extraction from its most recent 10-Q's related-party note, the same disclosure family a 10-K's would carry.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (1)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | Pursuant to the Management Agreement, the Manager is entitled to receive a management fee (the 'Management Fee') from the Company in an amount equal to (i) 1.25% per annum of the month-end NAV attributable to Class S, Class D, Class U and Class I Shares, and (ii) 1.00% per annum of the month-end NAV attributable to Class R-S, Class R-D, Class R-U and Class R-I Shares for a 60-month period following August 1, 2023 (the 'Initial Offering'), stepping up to 1.25% per annum thereafter. The KKR Shares (Class G), held entirely by KKR itself, are not subject to the Management Fee. KKR also separately receives a Performance Participation Allocation. Operating-company management agreement; the fund has not yet filed a 10-K (first 10-Q on file), so this is a first-pass extraction from its most recent 10-Q's related-party note, the same disclosure family a 10-K's would carry. | 1.25 pct_annual_of_nav_by_share_class | Date not captured |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-07-02 | 8-K | 0001957845-26-000060 |
| 2026-06-24 | 8-K | 0001957845-26-000055 |
| 2026-06-18 | 8-K | 0001957845-26-000053 |
| 2026-06-04 | 8-K | 0001957845-26-000050 |
| 2026-05-27 | 8-K | 0001957845-26-000046 |
| 2026-05-21 | 8-K | 0001957845-26-000043 |
| 2026-05-13 | 10-Q | 0001957845-26-000040 |
| 2026-04-24 | 8-K | 0001957845-26-000035 |
| 2026-04-21 | 8-K | 0001957845-26-000032 |
| 2026-03-26 | 10-K | 0001957845-26-000029 |
| 2026-03-25 | 8-K | 0001957845-26-000026 |
| 2026-03-20 | 8-K | 0001957845-26-000023 |
| 2026-03-10 | 8-K | 0001957845-26-000019 |
| 2026-03-02 | 8-K | 0001957845-26-000016 |
| 2026-02-25 | 8-K | 0001957845-26-000014 |