KKR FS Income Trust Select 8-K

What Happened

• KKR FS Income Trust Select announced it issued and sold 446,369.738 Class I shares on April 1, 2026 (final count determined April 21, 2026) for aggregate consideration of approximately $11.186 million. The sale was part of the Company’s continuous private offering and relied on exemptions under Section 4(a)(2) and/or Regulation D of the Securities Act. Participating investors represented they are accredited investors.
• The Company reported a net asset value (NAV) per Class I share of $25.06 as of March 31, 2026, and an aggregate NAV of approximately $1.018 billion as of that date.

Key Details

• Shares sold (April 1, 2026): 446,369.738 Class I shares for ~ $11.186 million.
• NAV (Mar 31, 2026): $25.06 per Class I share; aggregate NAV ≈ $1.018 billion.
• Private Offering status: Ongoing continuous offering up to $5.0 billion; to date the Company has issued 39,651,032.692 Class I shares for ~ $1.008 billion (does not include any distribution reinvestment plan sales).
• Placement basis: Sold in a private offering relying on Securities Act exemptions (4(a)(2)/Reg D); purchasers represented as accredited investors.

Why It Matters

• The company is actively raising capital through its continuous private offering, which increases outstanding shares and can dilute existing holders depending on the size and frequency of future issuances.
• The reported NAV of $25.06 gives investors a snapshot of per‑share value as of March 31, 2026 and the Company’s reported aggregate NAV (~$1.018B) shows the scale of assets under management.
• The use of private placement exemptions means shares were sold to accredited investors outside a registered public offering; the Company intends to continue monthly sales under the program.