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KKRLU3078537365Class RA-EUR
KKR's infrastructure flagship for the European retail market: global infrastructure through primaries and co-investments alongside the institutional KKR funds, as an ELTIF, launched in 2025.
Monthly subscription; quarterly redemption after a short ramp-up phase, with roughly one month's notice and a limit measured on a smoothed basis. No hard minimum holding period — redemptions in the first two years incur a substantial charge. The recommended holding period is five years.
Subscription from EUR 10,000 with no front-end load for long-term-oriented retail investors; registered in roughly twenty-seven countries, including Germany.
One of the most broadly distributed infrastructure ELTIFs with the classic KKR terms package: a moderate management fee, a performance share, a clear ten-year message — the long-term product among the big names, without liquidity promises beyond the standard.
Figures for class RA-EUR (LU3078537365) · product data 26 Sep 2026 · sources: prospectus (as at August 2026), PRIIPs-KID, Factsheet, monthly report — full list under 08 documents.
Since the data series began in Mar 2026, the unit price has gained 3.0% (cumulative, 0.3 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
5 monthly values · Source: Bloomberg, secondary source (data portal) · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since Jul 2025; a reliable NAV series of the class is available from Mar 2026.
What the prospectus permits: Direct investments or co-investments side by side with KKR's institutional infrastructure strategies, complemented by secondary investments and primary commitments; separate liquidity component ("Liquidity Sleeve")
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
61 holdings; the largest are Viridor, Avantus, CyrusOne. 18.0% is held in the liquidity reserve — enough for 11 months of maximum redemptions.
How the reserve is invested: Liquidity Sleeve (composition not reported) 18.0%. It covers 11 months of the maximum net redemption (at most 20% per year under the gate) — what that means for redemptions is in 06.
Among the ten largest: 10 equity holdings.
Viridor is one of the largest UK operators of energy-from-waste plants and recycling facilities, mostly under long-term, inflation-linked contracts with local authorities.
Avantus, formerly 8minute Solar Energy, is a San Diego-based US developer and operator of utility-scale solar and battery storage projects, mainly in the western United States.
CyrusOne develops and operates data centers for hyperscale cloud providers and large enterprises in the United States and Europe; it is headquartered in Dallas, Texas.
Independent contract bottler of beverages such as soft drinks, juices and water for branded and private-label customers in Europe and North America, headquartered in Rotterdam …
Encavis is an independent power producer headquartered in Hamburg that owns and operates solar parks and onshore wind farms in several European countries and also manages assets for third …
European producer of electricity from biomass and developer and operator of wind and solar farms and distributed solar systems for commercial customers, headquartered in Lisbon.
Metronet is a US fiber-to-the-home broadband provider serving residential and business customers in small and mid-sized cities, headquartered in Evansville (Indiana).
Vantage Towers is a European operator of passive mobile infrastructure (towers and rooftop sites) based in Düsseldorf, leasing sites to mobile network operators …
European platform of private schools (K-12, primary and secondary), which KKR classifies as social infrastructure.
Italian wholesale operator of the national fixed-line network (copper and fiber) that sells access services to telecom providers and drives the fiber rollout.
Positions and shares according to the provider; weights of the holdings are not reported; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.05%, class RA-EUR is well below the median of the asset class (2.42%). On top comes a performance fee of 12.50% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 205 EUR per year.
For 10,000 EUR, no charge on purchase and up to 500 EUR on redemption.
Based on the PRIIPs key information document of class RA-EUR, hence comparable across providers. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed.
KYC/AML as a condition of acceptance, at the latest by the cut-off 4 business days before …
the General Partner may waive the 4 business day notice period.
Price = NAV at the end of the previous month.
Valuation day last calendar day of the month, NAV Release Date generally the 20th …
pre-funding: 3 business days before dealing day
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st calendar day of the month |
| Cut-off | 4 business days before dealing day · 17:00 CET · (before the anchor date) |
| Price | previous month-end |
| NAV publication | Valuation day last calendar day of the month, NAV Release Date generally the 20th business day of the following month |
| Payment | pre-funding: 3 business days before dealing day |
| Minimum investment | EUR 10,000 (EUR-classes), USD 10,000 (USD-classes) |
| Subscription limit | The Investment Manager may reject or delay subscriptions, including all subscriptions of a month; classes may be closed to new subscriptions; rejection in the case of market timing. |
| KYC / documents | KYC/AML as a condition of acceptance, at the latest by the cut-off 4 business days before the dealing day |
| Revocation | late order revocable up to 4 business days before the next dealing day; retail additionally withdrawal within 14 calendar days. |
| Business day | banks in Luxembourg, London, New York and Paris normally open for business (p. 242) |
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 3 months. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption only after the end of the ELTIF Portfolio Ramp-Up Period …
NAV per unit less redemption fee (up to 5%)
Quarterly redemptions are limited to 5% of the aggregate net asset value per quarter, measured against the …
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within half a year — on average 122 days from decision to cash.
Rank 84 of 112 · rank 12 of 23 in Infrastructure · no lock-up · exit costs of 5.0% included
Money typically within half a year — on average 122 days from decision to cash.
no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 15 Aug 2026 · score run 16 Oct 2026 · How 122 days become 8 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 30 calendar days before redemption day · 17:00 CET |
| Price | quarter-end |
| Payout | 45 calendar days after redemption day |
| Gate | 5% gross of the average NAV of previous months per quarter; ELTIF Redemption Limit under Art. 5(6) ELTIF CDR, Reference Percentage 27.3% … |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 5% (24 months, cliff (lapses after the period)) |
| Lock-up | fund-level, 3 months (fund launch) |
| Suspension | main market closed or trading restricted, emergency situation with the investments being unsaleable, prices cannot be determined, NAV of material target … |
| Liquidity tools | AIFMD Annex V LMTs: extension of notice periods and redemption in kind (professional investors only); suspension only in exceptional cases. |
| Switch / transfer | possible only with the prior consent of the General Partner at its free discretion, no response within 30 calendar days is deemed a refusal. |
| Compulsory redemption | on liquidation or termination of a sub-fund/class, where the class minimum subscription is not met or eligibility is lacking … |
Quarterly redemptions are limited to 5% of the aggregate net asset value per quarter, measured against the average of the NAVs of the three preceding months; where the ELTIF redemption limit applies with a lower percentage, that limit prevails. If exceeded, the requests are met pro rata. Under Redemption Form A, the portion not executed is automatically carried forward to the following quarter at NAV.
The quarterly limit of 5% is measured on an aggregate basis across the entire fund, namely against the average of the aggregate net asset values of the three preceding months. Where the ELTIF redemption limit additionally applies (depending on the holdings of UCITS-eligible assets and the projected cash flows), the lower percentage prevails.
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 26 Sep 2026 · Documents: 08.
11 classes. All cost and risk figures on this page refer to the basis class RA-EUR.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available. The risk indicator differs by class (3 to 6); the key figures show the value of the basis class. 4 classes are closed to new subscriptions.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Key information document (PRIIPs KID) | 1 Feb 2026 | — |
| Factsheet / monthly report as at 31 May 2026 | 31 May 2026 | — |
| Prospectus | 1 Jun 2026 | — |
| NAV series Bloomberg, secondary source (data portal) | 31 Jul 2026 | Performance (01) |
| Positions and reserve | 31 Jul 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, notice period 30 calendar days before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 122 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.05% p.a. according to the PRIIPs KID for class RA-EUR; the median of the Infrastructure funds in this database is 2.42%; plus a performance fee of 12.50%.
10,000 EUR in class RA-EUR.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the KKR Infrastructure Fund ELTIF. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
UBS Asset Management Switzerland AG · ELTIF 2.0 · quarterly
Allianz Capital Partners GmbH · ELTIF 2.0 · quarterly
Blackstone · ELTIF 2.0 · quarterly
EQT AB / EQT Global Wealth Solutions · ELTIF 2.0 · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.