Kennedy Lewis Capital Co 8-K

What Happened

• Kennedy Lewis Capital Company filed an 8-K on January 29, 2026 reporting the net asset value (NAV) per share for each class as of December 31, 2025, as determined under its valuation policy. NAVs: Class I $20.04, Class S $20.01, Class D $20.03. The company reported an aggregate NAV of $706,559,323 and a fair value for its investment portfolio of $1,052,665,428.
• The company also updated the status of its continuous public offering (the “Offering”) of up to $2.0 billion in shares and disclosed shares sold in a concurrent private offering. The subscription totals are reported through the January 2, 2026 subscription date.

Key Details

• NAV per share (Dec 31, 2025): Class I $20.04; Class S $20.01; Class D $20.03.
• Aggregate NAV: $706,559,323; investment portfolio fair value: $1,052,665,428.
• Offering and private offering totals (through Jan 2, 2026): 32,497,668 common shares for $655,018,204 in total consideration.
  • Public Offering: Class I 16,843,953 shares ($340,436,347); Class S 53,520 shares ($1,075,900); Class D 2,520 shares ($50,000).
  • Private Offering (Section 4(a)(2)): Class I 15,597,675 shares ($313,455,957).
• The company intends to continue monthly share sales under the Offering. The 8‑K was signed by CFO Anthony Pasqua on January 29, 2026.

Why It Matters

• NAV per share provides a snapshot of the company’s per‑share valuation at year‑end and is a key metric for existing and prospective shareholders evaluating value and redemption decisions.
• The portfolio’s fair value exceeds aggregate NAV, which can reflect differences in valuation methods or liabilities; investors should note both figures when assessing underlying asset values.
• The company has raised about $655 million so far against a $2.0 billion offering cap, showing substantial capital raising activity but room for additional issuance that could affect share counts and future NAV dilution.