KKR Income Trust I

KIT

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Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

KKR-Income Trust SCA SICAV-RAIF

Manager:

Kohlberg Kravis Roberts (KKR)

Website:

https://www.kkr.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux SICAV (S.C.A.)

Regulatory Regimes:

Lux RAIF, EU AIF

Term:

Perpetual-Life

Base Currency:

USD

Launch Year:

2024

Inception Date:

May 1, 2024

Target Net Return:

8.5–13%

Size:

$1.2B (as of Jan 31, 2026)

No. of Investments:

236 (as of Jan 31, 2026)

Administrator:

The Bank of New York Mellon SA/NV, Luxembourg Branch

Investor Eligibility Segments:

Institutional, Professional / Accredited, Retail

Permitted Distribution Countries:

European Economic Area (EEA), Germany, Italy, United Kingdom, Switzerland

Strategy

KIT invests primarily in privately originated and directly negotiated senior secured corporate loans and asset-based financings across the US, Europe and, to a lesser extent, developed Asia-Pacific. The portfolio targets upper middle‑market borrowers and diversified pools of financial and hard assets, with a bias to floating‑rate, first‑lien exposures, complemented by opportunistic allocations to syndicated loans, high‑yield bonds and other liquid or structured credit to enhance liquidity, diversification and income.

Asset Classes:

Private Credit

Strategy:

Direct Lending (PC), ABS / Specialty Finance (PC)

Underlying Investment Type:

Direct investments

Geographic Focus Region:

North America

Geographic Focus:

Americas, United States, Canada, Europe, developed Asia Pacific

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Software & Services, Financial Services, Commercial & Professional Services, Health Care Equipment & Services, Capital Goods, Consumer/Mortgage Finance, Contractual Cash Flows, Hard Assets, Commercial Finance

Other Focus:

Minority Stake

Leverage Limits Summary:

Fund-level borrowings capped at 90% leverage ratio; AIFMD leverage up to 250:1 of exposure to NAV.

Investment Limits Summary:

Max 30% of gross assets per issuer/loan/securitisation or derivatives/participated-loan counterparty; excludes emerging markets.

Performance

for RD-USD share class

Total Returns (% Net of Fees)

Net returns (since inception)	RD-USD
Total Return	21.4%
Annualized Return	11.7%
Best Month	(May 2024)1.4%
Worst Month	(Aug 2024)0.6%
Risk metrics (since inception)
Volatility	0.7%
Sharpe Ratio (4.3% risk-free)	10.62

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Key terms

for RD-USD share class

Share Class

Minimum Subsribtion:

$100,000

Currency:

USD

Inception Date:

May 1, 2024

Distribution Type:

Distributing

Investor Type:

Professional / Accredited

Liquidity

Gate:

5% of aggregate NAV.

Gate Level:

Fund level NAV

Redemption Frequency:

Quarterly

Redemption Basis:

NAV per Share as of the last calendar day of the relevant calendar quarter

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Share as of the end of the immediately preceding month

Dividend Distribution Frequancy:

Monthly

Fees

Management Fee:

1.25%

Standard 1.25% p.a. on NAV; accrues monthly; paid quarterly.

Management Fee Basis:

NAV

Average monthly NAV per Class, before management/servicing/incentive fee accruals, certain distributions and FX/hedging impacts; net of K-FIT fee offset.

Performance Fee:

12.50%

12.5% of look-through pre-incentive fee net investment income above a 1.25% quarterly hurdle with 100% catch-up between 1.25% and 1.43% (5.0–5.72% annualized), plus 12.5% of cumulative realized capital gains net of realized losses and unrealized depreciation. Income component accrues monthly and is paid quarterly; capital-gains component accrues monthly and is paid annually. Income incentive is reduced by K-FIT income incentive fees; capital-gains incentive is not reduced by K-FIT capital-gains incentives.

Performance Fee Basis:

Net Investment Income, Realized Capital Gains

Hurdle rate:

5.00%

Quarterly soft hurdle of 1.25% (5.0% annualized) on beginning NAV for incentive fee on income only; no hurdle on capital-gains incentive fee; full catch-up to 12.5% manager share thereafter.

Catch-up:

100.00%

Front load (subscription):

0.00%

Back load (redemption):

2.00%

If redeemed within 12 months.

Servicing fee:

0.00%

Management Fee:	1.25%	Standard 1.25% p.a. on NAV; accrues monthly; paid quarterly.
Management Fee Basis:	NAV	Average monthly NAV per Class, before management/servicing/incentive fee accruals, certain distributions and FX/hedging impacts; net of K-FIT fee offset.
Performance Fee:	12.50%	12.5% of look-through pre-incentive fee net investment income above a 1.25% quarterly hurdle with 100% catch-up between 1.25% and 1.43% (5.0–5.72% annualized), plus 12.5% of cumulative realized capital gains net of realized losses and unrealized depreciation. Income component accrues monthly and is paid quarterly; capital-gains component accrues monthly and is paid annually. Income incentive is reduced by K-FIT income incentive fees; capital-gains incentive is not reduced by K-FIT capital-gains incentives.
Performance Fee Basis:	Net Investment Income, Realized Capital Gains
Hurdle rate:	5.00%	Quarterly soft hurdle of 1.25% (5.0% annualized) on beginning NAV for incentive fee on income only; no hurdle on capital-gains incentive fee; full catch-up to 12.5% manager share thereafter.
Catch-up:	100.00%
Front load (subscription):	0.00%
Back load (redemption):	2.00%	If redeemed within 12 months.
Servicing fee:	0.00%

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
RD-USD	100,000 USD	USD	2024-05-01	Distributing	Professional / Accredited	-	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is KKR Income Trust I?

KKR Income Trust I is an evergreen Lux RAIF fund focused on Private Credit and managed by Kohlberg Kravis Roberts (KKR).

Who manages KKR Income Trust I?

KKR Income Trust I is managed by Kohlberg Kravis Roberts (KKR), based in New York, New York, United States.

How big is KKR Income Trust I?

KKR Income Trust I has a size of $1.2B.

What type of fund is KKR Income Trust I?

KKR Income Trust I is an open-ended / evergreen Lux RAIF fund investing in private credit and domiciled in Luxembourg.

When was KKR Income Trust I launched?

KKR Income Trust I was launched on May 1, 2024 and is structured as a Lux SICAV (S.C.A.) vehicle with a perpetual-life term.

Where is KKR Income Trust I domiciled and regulated?

KKR Income Trust I is domiciled in Luxembourg under Lux RAIF and EU AIF.

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Borgline's analyst team cross-checks key figures across independent documents and updates the database only when data is confirmed against the latest, most authoritative disclosures.

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