Sunday, December 2, 2007

Private Equity - KKR

KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE) is a Guernsey limited partnership that seeks to create long-term value by participating in private equity and opportunistic investments identified by Kohlberg Kravis Roberts & Co. ("KKR"), one of the world's oldest and most experienced private equity firms specializing in management buyouts. KPE makes its investments through another Guernsey limited partnership, KKR PEI Investments, L.P. ("Investment Partnership"), as its sole limited partner.

Under current investment policies, KKR Private Equity Investors, L.P. ("KPE") will invest at least 75 percent of its adjusted assets1 in private equity investments identified by Kohlberg Kravis Roberts & Co. ("KKR"). Private equity investments consist of limited partner interests in KKR's private equity funds, co-investments in portfolio companies of such funds and negotiated investments in equity or equity-linked securities. No more than 25 percent of KPE's adjusted assets1 will be opportunistically made in other investments that KKR identifies in the course of its business.

KPE's investments consisted of 100% of the limited partner interests of KKR PEI Investments, L.P. (the "Investment Partnership"). The Investment Partnership's portfolio is comprised of: (i) KKR's private equity funds (KKR European Fund, Limited Partnership, KKR Millennium Fund L.P., KKR 2006 Fund L.P., KKR European Fund II, Limited Partnership, and KKR Asian Fund L.P.), (ii) co-investments in portfolio companies of KKR's private equity funds, (iii) negotiated equity investments, (iv) opportunistic investments, and (v) temporary investments.

KPE has 204,550,001 common units outstanding.

(1) “Adjusted assets” are defined as the Investment Partnership's consolidated assets less the amount of indebtedness that is recorded as a liability on its statement of assets and liabilities.

As of September 30, 2007, KPE’s net asset value (“NAV”) was $5.3 billion.

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