KKR Infra Conglomerate updates management agreement, LLC agreement; adds Class R-D shares

KKR Infrastructure Conglomerate LLC

Entered management agreement with KKR DAV Manager LLC; updated for share repurchase plan, termination notice periods, indemnification.
Adopted Second Amended and Restated LLC Agreement adding Class R-D Shares and updating board composition, tax allocations, conflict provisions.
Class R-D shares have lower management fee rate and no servicing fee; automatically convert to Class D if holdings <$100M after 12 months.
Existing share classes (S, D, U, I, R) unchanged; Class R-D is non-voting for director nominations.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KKR Infrastructure Conglomerate LLC: Second Amended and Restated Limited Liability Company Agreement, adding Class R-D Shares, adopting Share Repurchase Plan, and updating Repurchase Committee, Board composition, tax allocations, and conflict/indemnification provisions (effective 2023-05-26).

Change: charter amendment
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, the Company executed its Second Amended and Restated Limited Liability Company Agreement (the “Second A&R LLCA”), which amended and restated the Company’s Amended and Restated Limited Liability Company Agreement, dated as of October 25, 2022.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

KKR Infrastructure Conglomerate LLC entered into Management Agreement with KKR DAV Manager LLC (effective 2023-05-26).

Action: entry
Counterparty: KKR DAV Manager LLC
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, KKR Infrastructure Conglomerate LLC (the “Company”) entered into a Management Agreement (the “Management Agreement”) with KKR DAV Manager LLC (the “Manager”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001140361-23-027036

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