Fund database › Private Equity
KKRLU2913311226Class R1-USD
The KKR Private Markets Equity Fund opens KKR's private-equity platform in evergreen format: buyouts, secondaries, primaries and co-investments with a pronounced Asian allocation, as a Luxembourg Part II SICAV within the K-PRIME structure, launched in 2023.
Monthly subscription; quarterly redemption with short notice; the quarterly gate is measured in aggregate across the entire K-PRIME structure. No hard minimum holding period — redemptions in the first two years incur a noticeable charge. The recommended holding period is eight years.
Subscription from EUR 25,000, aimed at semi-professional and experienced retail investors depending on national law; currently not registered for distribution in Germany.
The PE counterpart to KKR's infrastructure ELTIF — here in a Part II wrapper with structure-wide gate measurement as with Blackstone: actual quarterly liquidity depends on the behaviour of all parallel vehicles, not just this fund.
Figures for class R1-USD (LU2913311226) · product data 9 Oct 2026 · sources: prospectus (as at 27 Jul 2026), PRIIPs-KID, Factsheet, monthly report — full list under 08 documents.
Since the data series began in Dec 2024, the unit price has gained 12.8% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
21 monthly values, 19 derived from monthly returns · Source: price feed / provider document · 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 May 2023; a reliable NAV series of the class is available from Dec 2024.
What the prospectus permits: Buyout, Mid-Market, Core PE, Growth Equity, Global Impact; Direct investments, Primaries, Secondaries, Co-Investments; opportunistic credit/liquidity sleeve
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
130 holdings; the largest are Spectris, CIRCOR International, Exact. 16.0% is held in the liquidity reserve — enough for 10 months of maximum redemptions.
How the reserve is invested: Money market funds (not named individually) 16.0%. It covers 10 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.
Spectris is a UK provider of precision measurement, testing and analytical instruments and software for research and industry …
CIRCOR International is a US manufacturer of flow control solutions such as valves and pumps for industrial, energy and defense applications, headquartered in Burlington, Massachusetts.
Exact is a Dutch provider of cloud software for accounting, ERP, payroll and tax, aimed at small and medium-sized businesses as well as tax advisors and accountants.
Wella Company is a provider of professional hair care, hair color, nail and beauty products with brands such as Wella Professionals, Nioxin, OPI and ghd, as well as consumer brands.
Söderberg & Partners is a Scandinavian financial services firm based in Stockholm, offering insurance brokerage, investment and pension advice …
Japanese IT services provider for enterprise and embedded software development, system integration and IT services, including for automotive, industrial and telecom customers.
Cotiviti is a US provider of data analytics, payment integrity and quality measurement solutions for health insurers and other healthcare organizations.
U.S. provider of cloud-based identity governance and administration (IGA) and privileged access management …
Stake in the digital classifieds businesses of the Axel Springer group, based in Berlin …
International strategy and communications consultancy for financial and crisis communications, public affairs and transaction support …
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 1.73%, class R1-USD is well below the median of the asset class (2.60%). On top comes a performance fee of 15% above a hurdle of 5% — with a high-water mark.
For 25,000 USD this means roughly 433 USD per year; the cheapest class with a cost figure is R-EUR (1.48%, from 25,000 EUR).
For 25,000 USD, no charge on purchase and up to 1,250 USD on redemption.
Based on the PRIIPs key information document of class R1-USD, hence comparable across providers. Median: 35 Private Equity 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 Subscription Cut-off 4 …
The K-PRIME feeder may waive the notice period.
Price = NAV at the end of the previous month.
Valuation day last calendar day of the month, NAV generally available by 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 generally available by the 20th business day of the following month (ordinal in the following month) |
| Payment | pre-funding: 3 business days before dealing day |
| Minimum investment | EUR 25,000 (EUR-classes), USD 25,000 (USD-classes) |
| Subscription limit | The Board of Directors may close the sub-fund to new subscriptions; the investment manager may reject or delay subscriptions; issuance suspended where the NAV is suspended. |
| KYC / documents | KYC/AML as a condition of acceptance, at the latest by the Subscription Cut-off 4 business days before the dealing day |
| Revocation | late orders may be revoked up to 5 business days before the next dealing day; otherwise irrevocable except in the event of a NAV suspension |
| Business day | banks in Luxembourg, London, New York and Paris normally open for business (p. 233) |
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate) and without a lock-up. How quickly the money arrives and what happens if many want out at once is set out below.
Redemption day last calendar day of the quarter, request by 17:00 CET at least 10 calendar days beforehand.
NAV per unit less redemption fee (up to 5%)
Quarterly redemptions are limited to 5% of the aggregate net asset value per calendar quarter, measured …
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 102 days from decision to cash.
Rank 77 of 112 · rank 26 of 38 in Private Equity · no lock-up · exit costs of 5.0% included
Money typically within half a year — on average 102 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 27 Jul 2026 · score run 16 Oct 2026 · How 102 days become 12 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 | 10 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; Increase of the quarterly limit to max. 5.5% at the discretion of the Investment Manager where subscription monies are … |
| 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 | none |
| 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 LMT: 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 Board of Directors at its discretion, no response within 30 calendar days is deemed a refusal. |
| Compulsory redemption | in the case of a Prohibited Person, a US person, a shortfall below the minimum investment after 1 month's notice or a failure to meet the class eligibility … |
Quarterly redemptions are limited to 5% of the aggregate net asset value per calendar quarter, measured against the average of the aggregate NAV of the three immediately preceding months and aggregated across the entire K-PRIME structure (feeder, Parallel Entities, K-PRIME Aggregator; excluding Selected Parallel Entities). Requests above the limit are met pro rata.
The 5% quarterly limit is measured not at the level of the individual sub-fund but on an aggregated basis across the entire K-PRIME structure (feeder, Parallel Entities and K-PRIME Aggregator, excluding the Selected Parallel Entities), namely against the average of the aggregated net asset values of the three preceding months.
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 9 Oct 2026 · Documents: 08.
21 classes. All cost and risk figures on this page refer to the basis class R1-USD; the cheapest class with a cost figure is R-EUR (1.48%, from 25,000 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. 6 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 Jun 2026 | — |
| Factsheet / monthly report | 30 Jun 2026 | — |
| Prospectus | 1 Jul 2026 | — |
| NAV series price feed / provider document | 31 Aug 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 10 calendar days before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 102 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 1.73% p.a. according to the PRIIPs KID for class R1-USD; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 15%.
25,000 USD in class R1-USD.
Not as a retail investor. According to our evidence, in Germany it is open only to semi-professional investors (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the KKR Private Markets Equity Fund. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
Blackstone · Part II SICAV · quarterly
Brookfield Asset Management / Oaktree · Part II SICAV · quarterly
CVC Capital Partners · Part II SICAV · quarterly
Pantheon Ventures · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.