Global Atlantic Financial Group Ltd 4
4 · KKR Asset-Based Finance Fund · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
KKR Asset-Based Finance Fund: Global Atlantic Ltd Transfers 1.6M Shares
What Happened Global Atlantic Limited (Delaware), a reported 10% owner of KKR Asset‑Based Finance Fund, disposed of 1,600,000 Class I shares on May 8, 2026 as part of an internal reorganization. The shares were transferred to KKR Alternative Assets LLC for an aggregate of $36,240,000 (implied price $22.65 per share). The Form 4 (filed May 12, 2026) reports the transfer as an "other acquisition or disposition" (transaction code J) — an affiliated transfer, not an open‑market sale.
Key Details
- Transaction date: May 8, 2026; Form 4 filed: May 12, 2026 (filed within the two-business-day reporting window).
- Shares transferred: 1,600,000 Class I shares; aggregate consideration: $36,240,000; implied price ≈ $22.65/share.
- Transaction code: J — other acquisition/disposition (internal transfer between affiliates).
- Post-transaction holdings: Not specified in this filing.
- Footnotes: (F1) transfer was part of an internal reorganization; KKR Alternative Assets LLC and affiliates will separately file a Form 3. (F2) shows the chain of ownership tying Global Atlantic to KKR group entities. (F3) Global Atlantic disclaims beneficial ownership except to the extent of pecuniary interest.
Context This was an institutional, intra‑group transfer tied to a reorganization rather than a market sale by an individual insider. For retail investors, such affiliated transfers typically reflect corporate or ownership structuring and do not necessarily signal a change in investment view by the ultimate controlling group.
Insider Transaction Report
- Other
Class I Shares of Beneficial Interest
[F1][F2][F3]2026-05-08−1,600,000→ 2,400,000 total(indirect: See footnotes)
Footnotes (3)
- [F1]On May 8, 2026, in connection with an internal reorganization (the "Reorganization"), Global Atlantic Limited (Delaware), an indirect, wholly owned subsidiary of KKR Group Partnership L.P., transferred 1,600,000 Class I shares of beneficial interest, par value $0.001 per share of the Issuer to KKR Alternative Assets LLC, another indirect, wholly owned subsidiary of KKR Group Partnership L.P., for an aggregate of $36,240,000.00. KKR Alternative Assets LLC and certain affiliates are separately filing a Form 3.
- [F2]Global Atlantic Limited (Delaware) is wholly owned by Global Atlantic Financial Group Limited, which is wholly owned by The Global Atlantic Financial Group LLC. KKR Magnolia Holdings LLC is the sole member of The Global Atlantic Financial Group LLC. KKR Group Assets Holdings L.P. is the sole member of KKR Magnolia Holdings LLC. KKR Group Assets GP LLC is the general partner of KKR Group Assets Holdings L.P. KKR Group Partnership L.P. is the sole member of KKR Group Assets GP LLC. KKR Group Holdings Corp. is the general partner of KKR Group Partnership L.P. KKR Group Co. Inc. is the sole shareholder of KKR Group Holdings Corp. KKR & Co. Inc. is the sole shareholder of KKR Group Co. Inc. KKR Management LLP is the Series I preferred stockholder of KKR & Co. Inc. Messrs. Henry R. Kravis and George R. Roberts are the founding partners of KKR Management LLP.
- [F3]The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person engaged in any transactions subject to Section 16 of the Securities Exchange Act of 1934 or is or was the beneficial owner of any securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.