KKR FS Income Trust Select Issues Class I Shares in Private Offering

What Happened

• KKR FS Income Trust Select filed an 8-K on September 18, 2026, disclosing that on September 1, 2026 the Company issued and sold 211,475.523 Class I shares for aggregate consideration of approximately $5.255 million (the final number of shares was determined on September 18, 2026).
• The sale was made through the Company’s continuous private offering and relied on exemptions from registration under Section 4(a)(2) of the Securities Act and/or Regulation D; participating investors represented they are accredited investors.

Key Details

• Net asset value (NAV) per Class I share was $24.85 as of August 31, 2026; aggregate NAV was approximately $996.3 million as of that date.
• The Company is conducting a continuous Private Offering of Shares for up to $5.0 billion.
• To date, the Company has issued 40,964,301.187 Class I Shares in the Private Offering for total consideration of about $1.041 billion (does not include any distribution reinvestment plan sales).
• The Company intends to continue selling Shares in the Private Offering on a monthly basis.

Why It Matters

• This filing documents a capital-raising transaction executed through an unregistered private offering to accredited investors and updates investors on the Company’s NAV and the scale of its ongoing offering.
• The continuing Private Offering (up to $5.0 billion) and monthly issuance activity increase the total shares outstanding and are key facts for shareholders monitoring dilution, NAV trends, and the Company’s funding activity.