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KKR Private Markets Equity Fund
K-PRIME
Overview
Legal Name:
KKR Private Markets Equity Fund SICAV SA
Manager:
Kohlberg Kravis Roberts (KKR)
Website:
Fundraising Status:
Open
Domicile:
Luxembourg
Legal Form:
Lux SICAV (S.A.)
Regulatory Regimes:
Lux UCI (Part II), EU AIF
Term:
Perpetual-Life
Base Currency:
USD
Launch Year:
2023
Inception Date:
May 1, 2023
Size:
$7.4B (as of Jan 31, 2026)
No. of Investments:
127 (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:
EEA, United Kingdom, Italy, Germany, Switzerland
Strategy
K‑PRIME invests globally in private markets, providing access primarily to KKR’s institutional private equity platform across traditional buyout, middle‑market, core and growth equity, and global impact strategies. The fund focuses on equity and equity‑like stakes in companies, with meaningful exposure to technology, healthcare and broader sector diversification by industry, geography and vintage. A flexible sleeve allocates to opportunistic credit, high‑performing debt and a liquidity sleeve of public and private loans and bonds.
Asset Classes:
Private Equity
Strategy:
Buyout (PE), Growth Equity (PE)
Underlying Investment Type:
Direct investments, Primary Fund Commitments, Secondaries, Co-Investments
Geographic Focus Region:
Global
Geographic Focus:
Americas, EMEA, Asia Pacific
Sector Focus (GICS):
Diversified
Sector Focus (not standardized):
Information Technology, Health Care, Industrials, Communication Services, Consumer Staples, Consumer Discretionary, Financials, Materials, Other
Other Focus:
Majority Stake, Minority Stake, ESG Investment Focus
Leverage Limits Summary:
Fund-level net leverage capped at 30% of total assets; AIFM leverage capped at 500% gross / 400% NAV.
Investment Limits Summary:
Max 20% NAV in any single investment; 30% in Primary Commitments; 15% in Opportunistic/Third Party CPS; India exposure ~50%.
Performance
for R-USD share class
Total Returns (% Net of Fees)
Total Returns (% Net of Fees)
| Net returns (since inception) | R-USD |
|---|---|
| Total Return | 35.1% |
| Annualized Return | 11.5% |
| Best Month | (Mar 2025)2.3% |
| Worst Month | (Apr 2025)-0.1% |
| Risk metrics (since inception) | |
| Volatility | 2.4% |
| Sharpe Ratio (4.3% risk-free) | 3.06 |
Yearly returns (since inception)
Allocations
Vintage allocation
Vintage
as of Jan 31, 2026
Target
Vintage
as of Jan 31, 2026
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Vintage
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Geography
as of Jan 31, 2026
Target
Geography
as of Jan 31, 2026
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Geography
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Sector
as of Jan 31, 2026
Target
Sector
as of Jan 31, 2026
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Sector
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Strategy
as of Jan 31, 2026
Target
Strategy
as of Jan 31, 2026
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Strategy
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Get free accessKey terms
for R-USD share class
Share Class
Minimum Subsribtion:
$25,000
Currency:
USD
Inception Date:
May 1, 2023
Distribution Type:
Accumulating
Investor Type:
Professional / Accredited
Liquidity
Gate:
5% of aggregate NAV across parallel entities per quarter; excess pro-rata, queued or via Exceptional Liquidity Program (10% penalty).
Gate Level:
Aggregate NAV
Redemption Frequency:
Quarterly
Redemption Basis:
NAV per Share as of the last calendar day of the relevant quarter.
Subscribtion Frequency:
Monthly
Subscribtion Basis:
NAV per Share as of the end of the immediately preceding month
Fees
Management Fee:
1.00%
1.00% p.a. of NAV for 60 months from 1 May 2023, then up to 1.25%.
Management Fee Basis:
NAV
Calculated on Net Asset Value per Class before accruals for Management, Servicing, performance fees, redemptions, distributions and FX effects.
Management Fee Paying Frequancy:
Monthly
Management fees charged on gross assets:
No
Performance Fee:
15.00%
15% Performance Participation Allocation on Total Return above a 5% annual hurdle with 100% catch-up and high water mark; accrues monthly, crystallizes annually and on redemptions.
Performance Fee Basis:
Distributions, Change in aggregate NAV
Total Return at K‑PRIME Aggregator level:measured annually with monthly accruals and crystallization on year‑end and redemptions.
Hurdle rate:
5.00%
5% annualized IRR hurdle on K‑PRIME Aggregator units; hard high‑water mark via Loss Carryforward; performance measured annually, accrued monthly, pro‑rated for partial periods.
Catch-up:
100.00%
100% catch‑up on Excess Profits above 5% hurdle and Loss Carryforward until 15% of profits is allocated to the Recipient; then 15% on further Excess Profits; annual calculation with monthly accrual and pro‑rating.
Perpetual High Water Mark Mechanism (or equivalent):
Yes
Loss Carryforward Amount aggregates negative annual Total Return and reduces with positive annual Total Return until fully offset; no time‑based reset, only path‑dependent loss recovery (shortfalls vs 5% hurdle alone are not carried forward).
Front load (subscription):
0.00%
Fund charges no fixed front-end load; intermediaries may levy separate upfront Subscription Fees outside the fund’s NAV.
Back load (redemption):
5.00%
If redeemed within 24 months.
Servicing fee:
0.00%
No Servicing Fee.
| Management Fee: | 1.00% | 1.00% p.a. of NAV for 60 months from 1 May 2023, then up to 1.25%. |
| Management Fee Basis: | NAV | Calculated on Net Asset Value per Class before accruals for Management, Servicing, performance fees, redemptions, distributions and FX effects. |
| Management Fee Paying Frequancy: | Monthly | |
| Management fees charged on gross assets: | No | |
| Performance Fee: | 15.00% | 15% Performance Participation Allocation on Total Return above a 5% annual hurdle with 100% catch-up and high water mark; accrues monthly, crystallizes annually and on redemptions. |
| Performance Fee Basis: | Distributions, Change in aggregate NAV | Total Return at K‑PRIME Aggregator level:measured annually with monthly accruals and crystallization on year‑end and redemptions. |
| Hurdle rate: | 5.00% | 5% annualized IRR hurdle on K‑PRIME Aggregator units; hard high‑water mark via Loss Carryforward; performance measured annually, accrued monthly, pro‑rated for partial periods. |
| Catch-up: | 100.00% | 100% catch‑up on Excess Profits above 5% hurdle and Loss Carryforward until 15% of profits is allocated to the Recipient; then 15% on further Excess Profits; annual calculation with monthly accrual and pro‑rating. |
| Perpetual High Water Mark Mechanism (or equivalent): | Yes | Loss Carryforward Amount aggregates negative annual Total Return and reduces with positive annual Total Return until fully offset; no time‑based reset, only path‑dependent loss recovery (shortfalls vs 5% hurdle alone are not carried forward). |
| Front load (subscription): | 0.00% | Fund charges no fixed front-end load; intermediaries may levy separate upfront Subscription Fees outside the fund’s NAV. |
| Back load (redemption): | 5.00% | If redeemed within 24 months. |
| Servicing fee: | 0.00% | No Servicing Fee. |
FAQ
What is KKR Private Markets Equity Fund?
KKR Private Markets Equity Fund is an evergreen Lux UCI fund focused on Private Equity and managed by Kohlberg Kravis Roberts (KKR).
Who manages KKR Private Markets Equity Fund?
KKR Private Markets Equity Fund is managed by Kohlberg Kravis Roberts (KKR), based in New York, New York, United States.
How big is KKR Private Markets Equity Fund?
KKR Private Markets Equity Fund has a size of $7.4B.
What type of fund is KKR Private Markets Equity Fund?
KKR Private Markets Equity Fund is an open-ended / evergreen Lux UCI fund investing in private equity and domiciled in Luxembourg.
When was KKR Private Markets Equity Fund launched?
KKR Private Markets Equity Fund was launched on May 1, 2023 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.
Where is KKR Private Markets Equity Fund domiciled and regulated?
KKR Private Markets Equity Fund is domiciled in Luxembourg under Lux UCI (Part II) and EU AIF.
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