KKR Private Equity Conglomerate LLC

all 25Imported record 11Quarterly report 9Annual report 4Current report 1

Balance sheet not disclosed by this fund

A per-share NAV composition is the monthly disclosure of NAV-struck perpetual REITs; this fund’s valuation — the Level I / II / III fair-value hierarchy and the unobservable inputs behind the marks — renders in The Book · Marks

Incentive fee

15.0% over a 5.0% hurdle · soft hurdle with 100% catch-up and high water mark · fund level

Management-fee base

Management fee: 1.25% per annum of month-end nav for class s, d, u, i, f shares. r-d/r-i/r-u/r-s: 1.00% for initial 60 months post 8/1/2023, then 1.25%. performance participation allocation: 15.0% of total return, subject to 5.0% annual hurdle amount with 100% catch-up and high water mark; measured and allocated/paid annually, accrued monthly. reference period runs october 1 – september 30 (initial period 8/1/2023–9/30/2024). paid in class f shares and/or cash at kkr's election.

Expense ratio after waivers

not yet covered by AltHarbor

Of $645M disclosed fair value, $645M (100.0%) is named at the issuer level across 2 positions; — sits in 0 sized-but-unnamed buckets. Higher named share = more transparent single-name risk. Strategy mix renders in The Book; the full company register in The Names.

Frequency

Quarterly

Cap

5.0% of NAV / qtr

Annual cap

Not disclosed

Gate cap

5.0%

Notice period

Not disclosed

Settlement lag

35d

Early repurchase fee

5.0%

Lockup

24-month early repurchase fee window (no hard lockup)

Min investment

$10,000

Accreditation

Accredited Investor

Tax form

K-1

Program type

Quarterly tender

Windows observed: 10 · median open-to-pricing 91d · derived from filed window dates

Cap: 5.0% NAV/qtr (all windows) · All 10 windows filled in full

Management fee is charged on management fee: 1.25% per annum of month-end nav for class s, d, u, i, f shares. r-d/r-i/r-u/r-s: 1.00% for initial 60 months post 8/1/2023, then 1.25%. performance participation allocation: 15.0% of total return, subject to 5.0% annual hurdle amount with 100% catch-up and high water mark; measured and allocated/paid annually, accrued monthly. reference period runs october 1 – september 30 (initial period 8/1/2023–9/30/2024). paid in class f shares and/or cash at kkr's election..

The two-part incentive-fee mechanics (lookback / per-class expense caps & recapture) are not yet surfaced — they need a dedicated terms table still in the schema queue.

L1 $1.86B 16.3% · L2 $51.5M 0.5% · L3 $9.45B 83.2% · NAVexp $5.41M 0.0%

Each cell is the latest disclosed return for that window — windows are filed on different cadences, so hover any figure for its own as-of date. Returns are NAV-based total returns net of fund expenses, as the manager states them.

Not shown: IRR, MOIC, TVPI, DPI and PME. These are draw-down LP metrics; this is an evergreen, NAV-struck fund that reports a NAV-based total return, so an LP cash-flow multiple would misrepresent the vehicle — it is omitted by design, not missing.