KKR

KKR Americas Fund XII L.P.

KKRVINTAGE 2017

NET IRR

18.7%

TVPI

2.18x

DPI

1.03x

COMMITMENT

$150M

LP SOURCES

4

VALUATION SPREAD2.16x – 2.30x TVPI across 4 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$150M$152.6M18.7%2.18x1.03xSOURCE ↗
Oregon OPERF2025-09-30$500M$498.7M19.5%2.22x0.95xSOURCE ↗
WSIB2025-09-30$750M$735.2M19.8%2.30x0.96xSOURCE ↗
CalSTRS2025-06-30$300M$305.3M19.4%2.16x0.91xSOURCE ↗