KKR FS Income Trust Select 8-K

What Happened

• KKR FS Income Trust Select filed an 8-K (Dec 23, 2025) announcing that, pursuant to its continuous private offering, the company issued and sold 1,166,006.551 Class I shares on December 1, 2025 (final amount confirmed Dec 23, 2025) for aggregate consideration of approximately $29.861 million. The sale was made under the Securities Act exemptions (Section 4(a)(2) and/or Regulation D) with participating investors represented as accredited investors.
• The filing also reported the company’s net asset value (NAV) per Class I share was $25.61 as of November 30, 2025, and aggregate NAV was approximately $910.8 million.

Key Details

• Issuance: 1,166,006.551 Class I shares sold on Dec 1, 2025; final share count confirmed Dec 23, 2025.
• Proceeds: Aggregate consideration of about $29.861 million for those shares.
• NAV: $25.61 per Class I share and approx. $910.8 million aggregate NAV as of Nov 30, 2025.
• Offering status: Continuous private offering authorized up to $5.0 billion; to date the Company has issued 35,660,221.908 Class I shares for approx. $907.342 million (figures reflect a revised Nov 3, 2025 issuance).

Why It Matters

• This filing shows the company is actively raising capital through its ongoing private offering, which increases the company’s assets and outstanding share count. Continued monthly share sales can affect NAV per share and the ownership stake of existing investors over time.
• The shares were sold under private offering exemptions to accredited investors (not a public registered offering), so these sales are targeted to qualified investors and may not be available to the general public. Investors should watch NAV trends and future offering activity for impacts on value and dilution.