The cookie is used to store the user consent for the cookies in the category "Analytics". Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. We also use third-party cookies that help us analyze and understand how you use this website. In addition, past performance is not necessarily indicative of future results. This cookie is set by GDPR Cookie Consent plugin. Necessary cookies are absolutely essential for the website to function properly. A link to SIPCs website can be found here: https://www.sipc.org/. The Fund has qualified, and intends to qualify in the future, as a regulated investment company under the Internal Revenue Code, but may be subject to substantial tax liabilities if it fails to so qualify. Overall 0 increased their positions and 1 decreased. Prior to February 12, 2021, the Fund was managed by a different investment adviser. Assets invested in foreign securities exposes the Fund to various geopolitical risks and currency fluctuations typically not applicable in the U.S., and this risk is magnified for emerging markets. The lack of a secondary market for trading private equity subjects the Fund to liquidity risks and may result in greater price risk and potential for inaccuracies in determining fair market value of investments held in the portfolio. The Adviser became investment adviser to the Fund on February 12, 2021. WATCH OVERVIEW HOW TO INVEST Fund Features Terms & Conditions Materials Performance Insights This website uses cookies to improve your experience while you navigate through the website. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. You also have the option to opt-out of these cookies. These cookies will be stored in your browser only with your consent. Annual Report for the iCapital KKR Private Markets Fund (the "Fund") Twelve-Month Period Ended March 31, 2022 . Privacy Policy | Business Continuity Statement | Terms of Use | Awards Disclaimer | Broker Check 2015-2022 Institutional Capital Network, Inc. All Rights Reserved. The Adviser became investment adviser to the Fund on February 12, 2021. More importantly, Fund shares and shares of underlying funds will not be listed on any national securities exchange and are subject to restrictions on transferability, thereby making them illiquid. This cookie is set by GDPR Cookie Consent plugin. 0 THE PROSPECTUS SHOULD BE READ CAREFULLY BEFORE INVESTING. The cookie is used to store the user consent for the cookies in the category "Analytics". * References herein to the Fund or iCapital KKR PM Fund in each instance refer to the iCapital KKR Private Markets Fund, unless specified otherwise. The general opinions and information contained herein should not be acted or relied upon by any person without obtaining specific and relevant legal, tax, securities or investment advice. The Funds units represent illiquid securities of an unlisted closed-end fund, are not listed on any securities exchange or traded in any other market, and are subject to substantial limitations on transferability. Analytical cookies are used to understand how visitors interact with the website. May 15, 2015 August 4th, 2021 No Comments. The nature of private equity can result in a lack of transparency due to limited information, and the risk of loss is increased due to speculative strategies employed by the Fund, including investing assets in private equity, private credit, early stage and other private investments which may not perform as expected. Accredited investors are invited to gain broad exposure to private equity managed by Kohlberg Kravis Roberts & Co. (KKR) via the iCapital KKR Private Markets Fund, a continuously offered closed-end fund. The Fund should be considered a speculative investment and involves a high degree of risk and may involve loss of capital, up to the entire amount of a shareholders investment. In that time, public and private pension funds, foundations, endowments, insurance companies, and family offices have enjoyed the higher returns and diversification benefits of private investments such as private equity, private credit, and private real estate. Investors should be aware that iCapital Securities purpose is to provide distribution services to the Fund and that iCapital Securities does not provide services to any investor, including any determination regarding whether an investment in the Fund is in the best interests of, or is suitable for, any investor. this and other important information about the fund is contained in the fund's prospectus, which can be obtained by calling 877-562-1686. the prospectus should be read carefully before investing. While the Advisers will conduct independent due diligence before entering into a co-investment opportunity, the Funds ability to realize a profit on such investments will be particularly reliant on the expertise of the lead investor in the transaction, which will often be KKR. The iCapital KKR Private Markets Fund is available to Accredited Investors. Before February 1, 2022, the StepStone Group L.P. (StepStone) served as sub-advisor for the Fund. For the period from the Funds inception through May 31, 2016, the returns and expenses of Class A shares reflect the performance of the prior feeder fund; and the returns of Class I shares reflect the performance of the Fund prior to its issuance of multiple share classes and reclassification of existing shares. Privacy Policy | Business Continuity Statement | Terms of Use | Awards Disclaimer | Broker Check 2015-2022 Institutional Capital Network, Inc. All Rights Reserved. investors should carefully consider the investment objectives, risks, charges and expenses of the icapital kkr private markets fund before investing. Moreover, if the Fund defaults on its commitment or fails to satisfy capital calls in a timely manner then, generally, it will be subject to significant penalties, including the complete forfeiture of the Funds investment in the Investment Fund. Seeks to allocate primarily to secondary fund investments and co-investment opportunities to minimize cash drag, with a lesser focus on primary fund investments. The Adviser became investment adviser to the Fund on February 12, 2021. Other risks include, but are not limited to, market risk, concentration risk, and potentially less diversification due to the substantial portion of Fund assets invested in manager-specific private equity. THIS AND OTHER IMPORTANT INFORMATION ABOUT THE FUND IS CONTAINED IN THE FUNDS PROSPECTUS, WHICH CAN BE OBTAINED BY CALLING 877-562-1686 OR VISITING HTTPS://WWW.ICAPITALKKRPMFUND.COM/. Before February 12, 2021, the Fund was managed by a different investment adviser. investors should carefully consider the investment objectives, risks, charges and expenses of the icapital kkr private markets fund before investing. The companies. Payable date is the date on which a shareholder is paid the distribution. However, as of February 1, 2022, StepStone is no longer the sub-advisor for the Fund. Based on accredited investor eligibility as defined by rule 501(a) of Regulation D under the Securities Act of 1933, as amended. The cookies is used to store the user consent for the cookies in the category "Necessary". The index shown is for general market comparisons and is not meant to represent any actual fund. THIS AND OTHER IMPORTANT INFORMATION ABOUT THE FUND IS CONTAINED IN THE FUND'S PROSPECTUS, WHICH CAN BE OBTAINED BY CALLING 877-562-1686. this and other important information about the fund is contained in the fund's prospectus, which can be obtained by calling 877-562-1686. the prospectus should be read carefully before investing. The Adviser is exempt from registration with the Commodity Futures Trading Commission as a commodity pool operator. The cookie is used to store the user consent for the cookies in the category "Other. The total annual fund expense ratio, gross of any fee waivers or expense reimbursements, is 3.58% for Class A shares and 2.97% for Class I shares. A link to SIPCs website can be found here: https://www.sipc.org/. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Accordingly, the Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if it can sustain a complete loss of its investment. iCapital | KKR 8 Established in 1976, KKR is a global investment firm with industry -leading investment experience and a strong culture committed to teamwork 46 Years of investment experience $479B in client AUM invested in the public ($211B) and private markets ($ 268B) 2,000+ employees including 650+ investment professionals The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". 2021 | Forbes - One of Americas Best Startup Employers, 2020 | MMI/Barrons Solutions Provider of the Year, https://www.sec.gov/edgar/searchedgar/companysearch.html. Private Equity Fund Diligence. KKR has completed private equity transactions1 with approximately $630 billion of total enterprise value. This cookie is set by GDPR Cookie Consent plugin. There is no guarantee that any investment will achieve its objectives, generate profits, or avoid losses. A portion of the Funds assets may be invested in private equity or Investment Funds which are not managed by or affiliated with KKR; however, this allocation is not anticipated to be over 20% of the Funds assets. Investments are made across strategies, with a bias towards buyout and growth equity opportunities.1. This cookie is set by GDPR Cookie Consent plugin. See our. INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE iCAPITAL KKR PRIVATE MARKETS FUND BEFORE INVESTING. To the extent that the lead investor in such a co-investment opportunity assumes control of the management of the private company, the Fund will be reliant not only upon the lead investors ability to research, analyze, negotiate and monitor such investments, but also on the lead investors ability to successfully oversee the operation of the companys business. We also use third-party cookies that help us analyze and understand how you use this website. Investors should be aware that iCapital Securities purpose is to provide distribution services to the Fund and that iCapital Securities does not provide services to any investor, including any determination regarding whether an investment in the Fund is in the best interests of, or is suitable for, any investor. Before February 1, 2022, the StepStone Group L.P. (StepStone) served as sub-advisor for the Fund. This website uses cookies to improve your experience while you navigate through the website. this and other important information about the fund is contained in the fund's prospectus, which can be obtained by calling 877-562-1686. the prospectus should be read carefully before investing. The Fund is distributed by iCapital Securities, LLC, an SEC-registered broker-dealer and member of FINRA and SIPC. The cookies is used to store the user consent for the cookies in the category "Necessary". A link to FINRAs internet home page can be found here: https://www.finra.org/#/. iCapital Registered Fund Adviser LLC cannot guarantee the accuracy of, or be responsible for the timeliness, completeness or suitability for use of such information. This website uses cookies to improve your experience while you navigate through the website. Founded in 1976 by Henry Kravis and George Roberts, Kohlberg Kravis Roberts & Co. LP (KKR) has evolved through four decades of global economic cycles and changes and grown into a leading global investment firm with approximately $130 billion in assets under management., Bloomberg interview with Henry Kravis on 40 years of creating and recreating KKR. ICAPITAL KKR PRIVATE MARKETS FUND CLASS I KKR ICAPITAL KKR PRIVATE MARKETS FUND CLASS I KKR is held by 0 funds which is a change of -1 since last quarter. This cookie is set by GDPR Cookie Consent plugin. This website uses cookies to improve your experience while you navigate through the website. Such investments involve a high degree of risk in that adverse fluctuations in the cash flow of such companies, or increased interest rates, may impair their ability to meet their obligations, which may accelerate and magnify declines in the value of any such portfolio company investments in a down market. * KKR & Co. Inc. took a less than 25% stake in iCapital Network unit iCapital RF Adviser, which was concurrently tapped as investment adviser of the iCapital KKR Private Markets Fund. Investors should exercise their own judgment and/or consult with a professional advisor to determine whether an investment in the Fund is advisable. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The Fund may not uncover errors in valuation for a significant period of time, if ever. However, as of February 1, 2022, StepStone is no longer the sub-advisor for the Fund. The nature of private equity can result in a lack of transparency due to limited information, and the risk of loss is increased due to speculative strategies employed by the Fund, including investing assets in private equity, private credit, early stage and other private investments which may not perform as expected. Current performance may be higher or lower than the data shown. THE PROSPECTUS SHOULD BE READ CAREFULLY BEFORE INVESTING. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by iCapital KKR Private Markets Fund. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. These cookies track visitors across websites and collect information to provide customized ads. INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE iCAPITAL KKR PRIVATE MARKETS FUND BEFORE INVESTING. Fund Update . THE PROSPECTUS SHOULD BE READ CAREFULLY BEFORE INVESTING. The Fund's investment objective is to seek long-term capital appreciation. There are significant differences in the risks and potential for volatility of the Fund relative to an index. Investors should exercise their own judgment and/or consult with a professional advisor to determine whether an investment in the Fund is advisable. While such information is provided on a quarterly basis, the Fund will provide valuations, and will issue shares, on a monthly basis. The Adviser is registered as an investment adviser with the Securities and Exchange Commission; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Assets invested in foreign securities exposes the Fund to various geopolitical risks and currency fluctuations typically not applicable in the U.S., and this risk is magnified for emerging markets. But opting out of some of these cookies may affect your browsing experience. This website uses cookies to improve your experience while you navigate through the website. The cookie is used to store the user consent for the cookies in the category "Analytics". Standard deviation is a statistical measure of how consistent returns are over time; a lower standard deviation indicates historically less volatility. 1 KKR has completed private equity transactions with approximately $630 billion of total enterprise value. This cookie is set by GDPR Cookie Consent plugin. Investment returns and principal value of an investment will fluctuate, therefore, you may have a gain or loss when you redeem your shares. The inception date of both the Funds Class A shares (including predecessor feeder fund shares), and Class I Shares (as re-classified), is 07/31/2015. From June 1, 2016 forward, the returns reflect performance of Class A and Class I shares, respectively, of the iCapital KKR Private Markets Fund (formerly known as the Altegris KKR Commitments Master Fund). This cookie is set by GDPR Cookie Consent plugin. iCapital Registered Fund Adviser, LLC (the Adviser), an affiliate of iCapital Securities, serves as the investment adviser to the Fund. The cookie is used to store the user consent for the cookies in the category "Performance". INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE iCAPITAL KKR PRIVATE MARKETS FUND BEFORE INVESTING. For detailed information about the Advisers services and fees, please read the prospectus of the Fund, which can be found at https://www.icapitalkkrpmfund.com/ or call 877-562-1686 to request a copy.
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