KKR FS Income Trust Select 8-K

What Happened

• KKR FS Income Trust Select filed an 8-K reporting that on May 1, 2026 it issued and sold 195,291.294 Class I shares in its continuous private offering for aggregate proceeds of approximately $4.894 million (final share count determined May 21, 2026). The share sale was made under the Company’s ongoing Private Offering relying on Section 4(a)(2) and/or Regulation D exemptions and on investors’ accredited‑investor representations.
• The Company also reported a net asset value (NAV) per Class I share of $25.06 as of April 30, 2026, and an aggregate NAV of approximately $998.6 million on that date.

Key Details

• Issued shares on May 1, 2026: 195,291.294 Class I shares; proceeds ≈ $4.894 million.
• NAV (Class I) as of April 30, 2026: $25.06 per share; aggregate NAV ≈ $998.6 million.
• Private Offering status: continuous offering up to $5.0 billion; to date the Company has issued 39,846,323.986 Class I shares for total consideration ≈ $1.013 billion (does not include any shares sold via a distribution reinvestment plan).
• Company intends to continue monthly share sales under the Private Offering.

Why It Matters

• This filing shows the company is actively raising capital through its continuous private offering; the recent issuance added roughly $4.9 million in investor capital.
• The reported NAV ($25.06) and aggregate NAV (~$998.6M) give investors a snapshot of the fund’s valuation as of April 30, 2026.
• The Private Offering remains far from its $5.0 billion cap (≈$1.013 billion issued so far), indicating room for further capital inflows and dilution potential from future share sales.
• The offering relies on private‑placement exemptions (Reg D/Section 4(a)(2)) and accredited‑investor confirmations, meaning these sales were made outside the public registration process.