Fund database › Private Credit
KKRLU2729850060Class RA-USD
KKR Income Trust I combines direct lending with asset-based finance across Europe, North America and Asia — with a noticeable look-through to KKR's US credit vehicle, as a Luxembourg SICAV-RAIF, launched in 2024, with a distribution profile.
Monthly subscription; quarterly redemption with roughly one month's notice and a quantified limit measured against smoothed assets. No hard minimum holding period; redemptions in the first year incur a fee.
Subscription from EUR 100,000 for semi-professional and well-informed investors; not registered for distribution in Germany.
The asset-based finance allocation sets it apart from the pure direct-lending competitors — more diversification across credit types, at the price of an additional structural layer through the US vehicle that investors should understand.
Figures for class RA-USD (LU2729850060) · product data 16 Oct 2026 · sources: prospectus (as at 1 Jul 2026), PRIIPs-KID, Factsheet, monthly report — full list under 08 documents.
Since the data series began in Oct 2024, the unit price has gained 9.5% per year. The series is monthly; valuations of private holdings arrive quarterly and smoothed — the line is therefore calmer than the risk.
22 monthly values, 18 derived from monthly returns · Source: Bloomberg, 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 Mar 2024; a reliable NAV series of the class is available from Oct 2024.
What the prospectus permits: Privately originated, directly negotiated senior secured corporate loans and asset-based financings; bias towards floating rate first-lien positions.
KKR FS Income Trust “K-FIT” (SEC CIK 1930679) Participation 40–60% · as at 30 Jun 2026
This fund invests only part of its assets through KKR FS Income Trust “K-FIT” (SEC CIK 1930679) and holds the rest itself. The figures below describe that vehicle — not the fund’s own portfolio. They are set apart here so they cannot be mistaken for the fund’s figures.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
244 holdings; the five largest account for 17.7% of the fund.
How the reserve is invested: Allspring Government Money Market Fund Select Class (K-FIT) 0.8% · Allspring Government Money Market Fund Institutional Class (K-FIT) 0.2%.
Among the ten largest: 9 loans, 1 equity holding.
Apex Service Partners (Tampa, Florida) is a US platform for residential home services, including heating, ventilation and air conditioning (HVAC), plumbing and electrical.
U.S. buy-and-build platform based in Pennsylvania that acquires independent insurance agencies and brings them together under one roof.
Woolpert is a US architecture, engineering and geospatial firm (surveying, aerial mapping, GIS) headquartered in the Dayton area (Ohio).
U.S. distribution platform for life, health, annuity and Medicare insurance headquartered in Dallas, Texas …
Sphera provides software, data and consulting for environmental, health and safety (EHS), sustainability and ESG reporting, and operational risk management for industrial companies.
U.S. provider of service, repair and maintenance for electric motors, generators and other electrical equipment, serving industrial and utility customers among others.
US software provider of IT asset management, software license optimization and SaaS and cloud cost management (FinOps) for large enterprises.
Clarience Technologies, headquartered in Southfield, Michigan, manufactures lighting, safety and electronic systems for commercial vehicles, trailers and specialty vehicles.
Provider figures for the credit portfolio, not calculated by semiliquid.info. Providers report yield, remaining life and credit ratings under differing definitions — the basis of calculation is therefore shown with every figure. A comparison across funds only holds where the basis is the same.
Positions and shares according to the provider; 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 2.46%, class RA-USD is well above the median of the asset class (2.05%). On top comes a performance fee of 12.50% above a hurdle of 5% — without a high-water mark.
For 100,000 USD this means roughly 2,460 USD per year.
For 100,000 USD, no charge on purchase and up to 2,000 USD on redemption.
Based on the PRIIPs key information document of class RA-USD, hence comparable across providers. Median: 32 Private Credit 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 and is published only 25 business days later.
KYC/AML completed as a condition of acceptance, at the latest by the cut-off 6 business …
The General Partner may waive the 6-business-day notice period at its discretion.
Price = NAV at the end of the previous month.
Valuation day last calendar day of the month, NAV generally available by the 25th …
with the order: 0 business days after cut-off
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 | 6 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 25th business day after month end |
| Payment | with the order: 0 business days after cut-off |
| Minimum investment | USD 100,000 (Well-Informed Investors without institutional/professional status: EUR 100,000) |
| Subscription limit | The General Partner may close KIT to new subscriptions and change subscription days/deadlines; issuance prohibited where no depositary is in place |
| KYC / documents | KYC/AML completed as a condition of acceptance, at the latest by the cut-off 6 business days before the dealing day |
| Revocation | in principle irrevocable; late orders revocable up to 5 business days before the next dealing day, and also during a NAV suspension |
| Business day | banks in Luxembourg, London, New York and Paris normally open for business (p. 11) |
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 16 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 the last calendar day of the quarter; request at least 2 business days before the last …
NAV per unit less redemption fee (up to 2%)
Redemptions are offered quarterly and are generally limited to 5% of the net asset value of KIT per calendar …
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within a quarter — on average 91 days from decision to cash.
Rank 42 of 112 · rank 17 of 31 in Private Credit · no lock-up · exit costs of 2.0% included
Money typically within a quarter — on average 91 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 1 Jul 2026 · score run 16 Oct 2026 · How 91 days become 35 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 | 2 business days before redemption day · 24:00 CET |
| Price | quarter-end |
| Payout | 28 business days after redemption day |
| Gate | 5% gross of the average NAV of previous months per quarter; the gate applies in aggregate across all share classes; the KIT aggregator and parallel vehicles are limited to 5% in … |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | up to 2% (12 months, cliff (lapses after the period)) |
| Lock-up | none |
| Suspension | Principal market closed or trading suspended, emergency with the investments being unsaleable, prices not ascertainable, NAV of material target funds not … |
| Liquidity tools | AIFMD 2 LMTs: extension of notice periods and redemption in kind; in addition suspension in exceptional cases, Early Redemption Deduction and a quarterly gate |
| Switch / transfer | possible only to Qualified Investors and with the consent of the General Partner; transfer to US persons excluded in principle, transfers to the contrary void. |
| Compulsory redemption | in the case of a Prohibited Person, US person, failure to maintain the minimum holding after 1 month's notice, as well as in the event of legal, tax or … |
Redemptions are offered quarterly and are generally limited to 5% of the net asset value of KIT per calendar quarter; the reference figure is the average of the net asset values of the three months preceding the redemption date, taking into account any Early Redemption Deductions. Units in issue for less than twelve months are additionally subject to a deduction of up to 2%.
The quarterly gate of 5% is measured against the net asset value of KIT, taken as the average of the NAVs of the three months immediately preceding the redemption date, and takes account of Early Redemption Deductions already withheld. It is a soft limit (“generally limited”) administered by the General Partner.
Dates calculated from the prospectus rules (bank holidays: FR, GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 16 Oct 2026 · Documents: 08.
10 classes. All cost and risk figures on this page refer to the basis class RA-USD.
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.
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 Sep 2025 | — |
| Factsheet / monthly report | 31 May 2026 | — |
| Prospectus | 1 Jul 2026 | — |
| NAV series Bloomberg, price feed / provider document | 31 Jul 2026 | Performance (01) |
| Positions and reserve | 30 Jun 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 2 business days before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 91 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.46% p.a. according to the PRIIPs KID for class RA-USD; the median of the Private Credit funds in this database is 2.05%; plus a performance fee of 12.50%.
100,000 USD in class RA-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 Income Trust I. Under the prospectus a gate of 5% per quarter applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.