KKR North America Fund XI

KKRVINTAGE 2013

NET IRR

19.4%

TVPI

2.09x

DPI

1.96x

COMMITMENT

$750M

LP SOURCES

3

VALUATION SPREAD2.09x – 2.40x TVPI across 3 sources

CROSS-REFERENCE TABLE

LP SOURCE	AS OF	COMMITMENT	PAID IN	NET IRR	TVPI	DPI	DOC
Oregon OPERF	2025-09-30	$750M	$967.2M	19.4%	2.09x	1.96x	SOURCE ↗◆
WSIB	2025-09-30	$500M	$601.4M	19.3%	2.20x	1.98x	SOURCE ↗◆
CalSTRS	2025-06-30	$150M	$160.4M	18.9%	2.40x	2.06x	SOURCE ↗◆