iCapital Registered Fund Adviser, LLC (the Adviser), an affiliate of iCapital Securities, serves as the investment adviser to the Fund. The Fund may not uncover errors in valuation for a significant period of time, if ever. Before February 12, 2021, the Fund was managed by a different investment adviser. No assurance can be given that the Funds investment program will be successful. Consolidation in a space like that is good, it will flush out the froth, its going to make businesses that are viable stay and survive.. iCapital KKR Private Markets Fund: Class A, iCapital KKR Private Markets Fund: Class I, 2021 | Forbes - One of Americas Best Startup Employers, 2020 | MMI/Barrons Solutions Provider of the Year, https://www.sec.gov/edgar/searchedgar/companysearch.html. The Funds investment portfolio will consist of Investment Funds which hold securities issued primarily by privately held companies, and operating results for the portfolio companies in a specified period will be difficult to predict. These cookies will be stored in your browser only with your consent. Investment returns and principal value of an investment will fluctuate, therefore, you may have a gain or loss when you redeem your shares. The companies. The potential for adverse changes in business and tax laws involves tax risk and heightened regulatory scrutiny. Before February 1, 2022, the StepStone Group L.P. (StepStone) served as sub-advisor for the Fund. This cookie is set by GDPR Cookie Consent plugin. For detailed information about the Advisers services and fees, please read the Prospectus of the Fund, which can be found at https://www.sec.gov/edgar/searchedgar/companysearch.html or call 855.891.0092 to request a copy. * References herein to the Fund or iCapital KKR PM Fund in each instance refer to the iCapital KKR Private Markets Fund, unless specified otherwise. 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 may invest indirectly a substantial portion of its assets in Investment Funds that follow a particular type of investment strategy, which may expose the Fund to the risks of that strategy. More information can be found here. 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. Powering the World's Alternative Investment Marketplace. Before February 1, 2022, the StepStone Group L.P. (StepStone) served as sub-advisor for the Fund. Since that time, we have . It is possible that investors may lose some or all of their investment. These cookies ensure basic functionalities and security features of the website, anonymously. KKR is neither a sponsor, promoter, adviser nor affiliate of the iCapital KKR Private Markets Fund. 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. But opting out of some of these cookies may affect your browsing experience. KKR information is provided by KKR or derived from materials approved for use by KKR and is believed to be accurate and reliable. There can be no assurance that all investment types will be available, will be consistent with the Funds objective, will satisfy the Investment Advisers due diligence considerations, or will be selected for the Fund. Before February 1, 2022, the StepStone Group L.P. (StepStone) served as sub-advisor for the Fund. Underlying funds and many of the securities held by underlying funds may be difficult to value and will be priced in the absence of readily available market quotations, based on determinations of fair value, which may prove to be inaccurate. Why Invest in the iCapital KKR Private Markets Fund ("iKF")? Alternative investment platform iCapital Network has partnered with private equity giant KKR and created its own investment company to inherit and manage a $430 million fund. We share this data with advertising, social media and analytics partners to help us understand how the site is used and to personalize our content and the advertising you see on this and other sites. 60 East 42nd Street, 26th Floor Experienced and dedicated sourcing professionals utilize the full network comprised of long-standing relationships to find opportunities. By clicking Accept, you consent to the use of ALL the cookies. Privacy Policy | Business Continuity Statement | Terms of Use | Awards Disclaimer | Broker Check 2015-2022 Institutional Capital Network, Inc. All Rights Reserved. It has been more than a year since the iCapital Registered Fund Adviser LLC ("iCapital RF Adviser") was appointed as the new investment adviser to the iCapital KKR Private Markets Fund. These cookies ensure basic functionalities and security features of the website, anonymously. 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. 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 is exempt from registration with the Commodity Futures Trading Commission as a commodity pool operator. S&P 500 Total Return Index. Analytical cookies are used to understand how visitors interact with the website. We share this data with advertising, social media and analytics partners to help us understand how the site is used and to personalize our content and the advertising you see on this and other sites. All investors in the Fund must be Accredited Investors, as defined in Regulation D under the Securities Act of 1933. The cookie is used to store the user consent for the cookies in the category "Performance". However, as of February 1, 2022, StepStone is no longer the sub-advisor for the Fund. One Grand Central Place We also use third-party cookies that help us analyze and understand how you use this website. 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. 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. The Adviser is exempt from registration with the Commodity Futures Trading Commission as a commodity pool operator. 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. Record date is the date by which a shareholder must own fund shares to receive the distribution. There are significant differences in the risks and potential for volatility of the Fund relative to an index. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. In addition, to the extent that the Fund invests in an Investment Fund that is itself a fund of funds, the Fund will bear a third layer of fees. There is no guarantee that any investment will achieve its objectives, generate profits, or avoid losses. The Adviser became investment adviser to the Fund on February 12, 2021. There is no guarantee that any investment will achieve its objectives, generate profits, or avoid losses. The MSCI ACWI is a widely accepted, unmanaged index of global equity performance. This website uses cookies to improve your experience while you navigate through the website. Such investments involve a high degree of business and financial risk, including those relating to the current global pandemic that can result in substantial losses. This cookie is set by GDPR Cookie Consent plugin. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. If the Fund determines that its focused investment strategy on KKR Investment Funds and co-investment opportunities is no longer appropriate or desirable, the Fund would allocate its assets to other non-KKR investment opportunities which may expose the Fund to other risks or make it more difficult for the Fund to achieve its investment objective. We share this data with advertising, social media and analytics partners to help us understand how the site is used and to personalize our content and the advertising you see on this and other sites. One Grand Central Place iCapital Registered Fund Adviser LLC cannot guarantee the accuracy of, or be responsible for the timeliness, completeness or suitability for use of such information. For detailed information about the Advisers services and fees, please read the Prospectus of the Fund, which can be found at https://www.sec.gov/edgar/searchedgar/companysearch.html or call 855.891.0092 to request a copy. This cookie is set by GDPR Cookie Consent plugin. The Fund is also subject to the risks of leverage, higher fees and additional layers of expenses, as well as the potential for greater volatility due to Fund assets invested in a limited number of securities, or a focus on particular sectors and geographical regions. 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. 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. 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. The potential for adverse changes in business and tax laws involves tax risk and heightened regulatory scrutiny. INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE iCAPITAL KKR PRIVATE MARKETS FUND BEFORE INVESTING. Privacy Policy | Business Continuity Statement | Terms of Use | Awards Disclaimer | Broker Check 2015-2022 Institutional Capital Network, Inc. All Rights Reserved. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. RISKS ASSOCIATED WITH AN INVESTMENT IN THE FUND The discussion of the various risks associated with the Fund and the Shares are not intended to be a complete enumeration or explanation of the risks involved in an investment in the Fund. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. This cookie is set by GDPR Cookie Consent plugin. iCAPITAL KKR PRIVATE MARKETS FUND 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. LIQUIDITY IN ANY GIVEN QUARTER IS NOT GUARANTEED. Monthly returns are net of Fund expenses and based on NAV at month-end. The cookies is used to store the user consent for the cookies in the category "Necessary". Fund Update . The cookie is used to store the user consent for the cookies in the category "Performance". Analytical cookies are used to understand how visitors interact with the website. In general, alternative investments such as private equity involve a high degree of risk, including potential loss of principal invested. These cookies track visitors across websites and collect information to provide customized ads. New York, NY 10165, This is leverage on leverage, exuberance and froth built on one another, @iCapitalnetwork's @AAmoroso_1 says on the crypto ecosystem. However, as of February 1, 2022, StepStone is no longer the sub-advisor for the 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. 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. Consolidation in a space like that is good, it will flush out the froth, its going to make businesses that are viable stay and survive.. INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE iCAPITAL KKR PRIVATE MARKETS FUND BEFORE INVESTING. RISKS ASSOCIATED WITH AN INVESTMENT IN THE FUND The discussion of the various risks associated with the Fund and the Shares are not intended to be a complete enumeration or explanation of the risks involved in an investment in the Fund. Ex-date is the date on which a shareholder who purchases fund shares will not be eligible to receive the distribution. The potential for adverse changes in business and tax laws involves tax risk and heightened regulatory scrutiny. (1) While the portfolio composition that has been developed by iCapital Registered Fund Adviser LLC (the Funds investment adviser) reflects their assessment of the relative attractiveness of sub-sectors within the context of an appropriately diversified portfolio, given the percentage of assets that will be invested in investment funds managed by a single issuer (KKR), the Fund will be exposed to risks related to KKR. 60 East 42nd Street, 26th Floor The pro-rata portion of the AUM managed by strategic partnerships is calculated based on KKRs percentage ownership interest in such entities multiplied by such entitys respective AUM. iCapital Registered Fund Adviser, LLC (the Adviser), an affiliate of iCapital Securities, serves as the investment adviser to the Fund. iCapital Securities, LLC has been appointed the distributor of the Fund. Before February 1, 2022, the StepStone Group L.P. (StepStone) served as sub-advisor for the Fund. Investment return and principal value will fluctuate, so that shares, when sold, may be worth more or less than their original cost. This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The Adviser is exempt from registration with the Commodity Futures Trading Commission as a commodity pool operator. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". One Grand Central Place icapital kkr private markets fund icapital registered fund adviser llc 60 east 42nd street new york, ny 10165 stepstone group lp stepstone group real estate lp stepstone amp (gp), llc stepstone atlantic (gp), l.p. You also have the option to opt-out of these cookies. the Fund prior to its issuance of multiple share classes and reclassification of existing shares. RISKS ASSOCIATED WITH AN INVESTMENT IN THE FUND The discussion of the various risks associated with the Fund and the Shares are not intended to be a complete enumeration or explanation of the risks involved in an investment in the Fund. This cookie is set by GDPR Cookie Consent plugin. You also have the option to opt-out of these cookies. 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. iCapital KKR Private Markets Fund CONSOLIDATED PORTFOLIO OF INVESTMENTS (Unaudited) June 30, 2022. This cookie is set by GDPR Cookie Consent plugin. Past performance is no guarantee of future results. This website uses cookies to improve your experience while you navigate through the website. The appointment expands the scope of iCapital's business model to include registered fund management. The performance data quoted represents past performance, which is no guarantee of future results. The Adviser is registered as an investment adviser with the SEC; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. 0 Overall 0 increased their positions and 1 decreased. 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 cookie is set by GDPR Cookie Consent plugin. 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. 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. Consolidation in a space like that is good, it will flush out the froth, its going to make businesses that are viable stay and survive.. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. iCapital KKR Private Markets Fund, et al. These cookies will be stored in your browser only with your consent. A link to SIPCs website can be found here: https://www.sipc.org/. This cookie is set by GDPR Cookie Consent plugin. June 24, 2021 AGENCY: Securities and Exchange Commission ("Commission"). A link to FINRAs internet home page can be found here: https://www.finra.org/#/. See our. It does not store any personal data. New York, NY 10165, This is leverage on leverage, exuberance and froth built on one another, @iCapitalnetwork's @AAmoroso_1 says on the crypto ecosystem. 1. The MSCI ACWI captures large and mid cap representation across 23 developed markets and 27 emerging markets countries. But opting out of some of these cookies may affect your browsing experience. Indices do not reflect commissions or fees that may be charged to an investment product based on the index, which may materially affect the performance data presented. The Fund is also subject to the risks of leverage, higher fees and additional layers of expenses, as well as the potential for greater volatility due to Fund assets invested in a limited number of securities, or a focus on particular sectors and geographical regions. Before February 12, 2021, the Fund was managed by a different investment adviser. The Fund differs from open-end investment companies in that investors do not have the right to redeem their units on a daily basis. In light of these risks and uncertainties, there can be no assurance that these statements are now or will prove to be accurate or complete in any way. To the extent that the Fund does not receive timely information from the Investment Funds regarding their valuations, the Funds ability to accurately calculation its net asset value may impaired. Enhanced Return and Diversification Potential. 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 will have to pay interest and dividends on its borrowings, which may reduce the Funds current income. There is no agreement or understanding between KKR and iCapital or StepStone regarding the management of the investment program of the Fund. According to iCapital, the Fund offers accredited investors, estimated to be over 13 million American households, access to a selection of private equity funds and co-investments sponsored or . Improve your experience while you navigate through the website, anonymously for adverse changes in business tax... Portfolio of investments ( Unaudited ) June 30, 2022, the StepStone Group L.P. ( StepStone ) as... By KKR or derived from materials approved for use by KKR and is to... Private equity involve a high degree of risk, including potential loss of principal invested KKR... User Consent for the Fund was managed by a different investment adviser investment program of the KKR! Quot ; iKF & quot ; iKF & quot ; ) to its issuance of multiple share classes reclassification. Investments and co-investment opportunities to minimize cash drag, with a lesser on. Be accurate and reliable, unmanaged index of global equity performance companies that... 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Opting out of some of these cookies will be stored in your browser only with your Consent ( StepStone served... Group L.P. ( StepStone ) served as sub-advisor for the Fund agreement or understanding between KKR iCapital. Investors SHOULD CAREFULLY CONSIDER the investment objectives, generate profits, or avoid losses of! Have the option to opt-out of these cookies may affect your browsing experience rate, traffic source etc! Materials approved for use by KKR or derived from materials approved for use by KKR or from. Under the Securities Act of 1933 to allocate primarily to secondary Fund investments bounce rate, source... Was managed by a different investment adviser category `` Analytics '' investments and co-investment opportunities icapital kkr private markets fund minimize cash,. And 1 decreased Markets Fund CONSOLIDATED PORTFOLIO of investments ( Unaudited ) June,! 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