KKR FS Income Trust Reports Private Offering Update, NAV $29.10

What Happened

• KKR FS Income Trust filed an 8-K (Sept 18, 2026) reporting that on Sept 1, 2026 it issued 127,341.992 Class I shares for aggregate consideration of approximately $3.705 million (final share count determined Sept 18, 2026). The sale was made through the Company’s continuous private offering and relied on the Securities Act exemptions in Section 4(a)(2) and/or Regulation D, with participating investors representing they are accredited investors.
• The Company reported a net asset value (NAV) per Class I share of $29.10 as of August 31, 2026, and an aggregate NAV of approximately $1.662 billion on that date.

Key Details

• Issuance: 127,341.992 Class I shares issued on Sept 1, 2026 for ~ $3.705 million.
• NAV: $29.10 per Class I share as of Aug 31, 2026; aggregate NAV ≈ $1.662 billion.
• Offering status: Continuous private offering open for up to $5.0 billion; to date the Company has issued 60,210,198.798 Class I shares in the offering for total consideration of approximately $1.769 billion.
• Sales method: Shares sold in reliance on Section 4(a)(2)/Regulation D exemptions; investors certified as accredited.

Why It Matters

• The filing shows the Company is actively raising capital through its ongoing private offering and continues monthly share issuances, which increases the number of outstanding shares and raises cash for the trust.
• The reported NAV ($29.10) and aggregate NAV ($1.662B) give investors a current valuation snapshot; the amount raised to date (~$1.769B) vs. the $5.0B offering cap indicates room for further fundraising.
• The use of private offering exemptions and accredited investor representations means these sales are not registered public offerings, which affects liquidity and regulatory disclosure for newly issued shares.