KKR Private Equity Conglomerate Raises $289.5 Million as Infrastructure Sibling Rebounds

A $70 million sale of Class I-Series 3 shares, a series that did not appear in the September round, added a fifth share class to the private equity vehicle’s monthly raise.

October 29, 2026

KKR Private Equity Conglomerate LLC sold $289.5 million of shares in its October subscription round, while sister vehicle KKR Infrastructure Conglomerate LLC sold $242.9 million. Both vehicles sold the tranche on October 1, 2026, and finalized share counts on October 21.

Both totals rose from the September round, when the private equity vehicle raised $268.2 million and the infrastructure vehicle $205.3 million.

Class Breakdown

The private equity vehicle sold across five share classes:

• Class I-Series 1: 2,935,478 shares for $107.7 million
• Class U: 2,583,405 shares for $92.9 million
• Class I-Series 3: 2,800,000 shares for $70.0 million
• Class S: 283,683 shares for $10.2 million
• Class D: 238,918 shares for $8.7 million

Class I-Series 3 is one of three Class I series the vehicle designated in July, when KKR reorganized both conglomerates' Class I offerings into a four-series framework. The new series carry higher minimum initial investments, a minimum holding period and repurchase constraints beyond the vehicles' standard quarterly limits.

The infrastructure vehicle sold across three classes:

• Class I-Series 1: 5,167,601 shares for $160.9 million
• Class S: 2,494,095 shares for $77.7 million
• Class D: 138,676 shares for $4.3 million

The sales were made under Section 4(a)(2), with Regulation D covering accredited investors and Regulation S covering non-U.S. investors.

Cumulative Fundraising

The private equity conglomerate has sold approximately $11,168 million of shares since its August 1, 2023 inception. The infrastructure conglomerate, which launched June 1, 2023, has sold approximately $8,222 million.

Each vehicle invests alongside KKR-managed vehicles organized outside the United States that partially share its objectives, structures and strategies. Counted together as the Private Equity K-Series Platform, the private equity complex sold approximately $474 million of interests on October 1 and has sold approximately $18,938 million since inception. The Infrastructure K-Series Platform sold approximately $486 million in the round and has reached approximately $16,243 million. The platform figures do not account for share repurchases by any of the constituent vehicles or for shares issued through distribution reinvestment plans.

The private equity vehicle separately reported total transactional net asset value of $13.27 billion as of September 30.