Kohlberg Kravis Roberts & Co. L.P.

• A percentage of assets under your management
• Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

As stated in the firm's Form ADV Part 2A brochure dated June 5, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

$399,895,855,728 as of October 2026, filing dated September 25, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients
• Publication of periodicals or newsletters

Also doing business as

ARCTOS PARTNERS, LP, KKR ACCOUNT ADVISER (MAURITIUS), LTD. (RELYING ADVISER), KKR ASIA LIMITED (RELYING ADVISER), KKR AUSTRALIA INVESTMENT MANAGEMENT PTY LIMITED (RELYING ADVISER), KKR AUSTRALIA PTY LIMITED (RELYING ADVISER), KKR CANADA ULC (RELYING ADVISER), KKR DE MEXICO, S.C. (RELYING ADVISER), KKR ENERGY ASSETS MANAGER LLC (RELYING ADVISER), KKR FINANCIAL MANAGEMENT LLC (RELYING ADVISER), KKR HOLDINGS MAURITIUS, LTD. (RELYING ADVISER), KKR INDIA ADVISORS PRIVATE LIMITED (RELYING ADVISER), KKR INVESTMENT ADVISORY (SHANGHAI) LLC (RELYING ADVISER), KKR INVESTMENT ADVISORY (ZHUHAI HENGQIN) COMPANY LIMITED (RELYING ADVISER), KKR INVESTMENT CONSULTANCY (BEIJING) COMPANY LIMITED (RELYING ADVISER), KKR INVESTMENT MANAGEMENT LLC (RELYING ADVISER), KKR JAPAN LIMITED (RELYING ADVISER), KKR KOREA LIMITED LIABILITY CORPORATION (RELYING ADVISER), KKR LUXEMBOURG S.A.R.L. (RELYING ADVISER), KKR MENA LIMITED (RELYING ADVISER), KKR REAL ESTATE CREDIT MANAGER LLC (RELYING ADVISER), KKR REAL ESTATE FINANCE MANAGER LLC (RELYING ADVISER), KKR SAUDI LIMITED (RELYING ADVISER), KKR SINGAPORE PTE. LTD. (RELYING ADVISER), KOHLBERG KRAVIS ROBERTS & CO. PARTNERS LLP (RELYING ADVISER), KOHLBERG KRAVIS ROBERTS & CO. SAS (RELYING ADVISER), KOHLBERG KRAVIS ROBERTS (ESPA?'A) ASESORES SL (RELYING ADVISER), KOHLBERG KRAVIS ROBERTS GMBH (RELYING ADVISER)

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2008 (17 years)

Employees

Total: 2,593. Performing investment advisory functions: 706.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

U.S. Bank National Association

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

23 other offices, as of the October 2026 filing

Abu DhabiBeijingBoston, MABrighton, MADallas, TXEl Segundo, CAFrankfurt Am MainHong KongHouston, TXLondonMadridMenlo Park, CAMumbaiNew York, NYParisSan Francisco, CASeoulShanghaiSingaporeStockholmSydneyTokyoWashington Dc, DC

States registered or notice-filed

5 states or jurisdictions

CAFLMANYTX

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

7 Reports 7 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
• 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
• 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
• 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.D(5) Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $170,929,360,378 in the October 2021 data and $399,895,855,728 in the October 2026 data, up 134%.

Total employees: 850 in October 2021 and 2,593 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. July 2026
   • Added the business name Arctos Partners, LP.
   • Employees performing advisory functions went from 636 to 706.
   • Added an office in Boston, MA.
   • Added an office in Dallas, TX.
   • Added an office in New York, NY.
   • Registered or notice-filed in NY.
2. April 2026
   • No longer lists the business name Kohlberg Kravis Roberts (España) Asesores SL (Relying Adviser).
   • Added the business name Kohlberg Kravis Roberts (Espa?'A) Asesores SL (Relying Adviser).
   • Employees performing advisory functions went from 671 to 636.
   • Changed its office addresses in Dallas, TX.
   • Changed its office addresses in Hong Kong.
   • Changed its office addresses in Houston, TX.
   • Changed its office addresses in Madrid.
   • Changed its office addresses in Paris.
   • Changed its office addresses in Seoul.
   • Changed its office addresses in Shanghai.
   • Changed its office addresses in Singapore.
   • Changed its office addresses in Sydney.
   • Changed its office addresses in Tokyo.
   • Added an office in Abu Dhabi.
   • Added an office in Beijing.
   • Added an office in Boston, MA.
   • Added an office in Brighton, MA.
   • Added an office in El Segundo, CA.
   • Added an office in Frankfurt Am Main.
   • Added an office in Mumbai.
   • Added an office in Washington Dc, DC.
   • No longer lists an office in Chaoyang District Beijing.
   • No longer lists an office in Frankfurt.
   • No longer lists an office in Gurugram.
   • No longer lists an office in Los Angeles, CA.
   • No longer lists an office in Washington, DC.
   • Registered or notice-filed in MA.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.