KKR European Fund II, L.P.

KKRVINTAGE 2005

NET IRR

4.8%

TVPI

1.32x

DPI

1.32x

COMMITMENT

$500M

LP SOURCES

3

VALUATION SPREAD1.30x – 1.32x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
Oregon OPERF	2025-09-30	$500M	$584M	4.8%	1.32x	1.32x	SOURCE ↗◆
WSIB	2025-09-30	$500M	$605.5M	4.8%	1.30x	1.31x	SOURCE ↗◆
LACERS	2025-06-30	$15M	$15.5M	4.7%	—	—	SOURCE ↗◆