---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-058650"
form_type: "8-K"
ticker: null
cik: "0001957845"
company_name: "KKR Private Equity Conglomerate LLC"
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:09:40.973078+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# KKR Private Equity Conglomerate enters $300M affiliate credit line, appoints new COO, amends LLC agreement

## Summary
- Wholly-owned subsidiaries executed $300M unsecured uncommitted line of credit with KKR Alternative Assets LLC; interest at SOFR + 3.50%.
- Michael Whyte appointed COO effective Dec 19, 2023, succeeding Racim Allouani; Whyte is a KKR Managing Director in Real Estate.
- Third Amended and Restated LLC Agreement approved Dec 14, 2023, updating conversion terms of Class R-S/R-U/R-I shares and removing auto conversion for Class R-D.
- Credit line expires Dec 20, 2024, with six-month extension options; proceeds can fund investments, repay debt, or manage working capital.

## SEC filing metadata
- accession: 0001140361-23-058650
- form_type: 8-K
- cik: 0001957845
- company_name: KKR Private Equity Conglomerate LLC
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1957845/000114036123058650/0001140361-23-058650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1957845/000114036123058650/ef20016712_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-058650
- JSON: https://secwatch.observer/filing/0001140361-23-058650.json
- Plain text: https://secwatch.observer/filing/0001140361-23-058650.txt

## Key facts
- Debt Financings
  KKR Private Equity Conglomerate LLC incurred credit facility of $300 million with KKR Alternative Assets LLC at SOFR applicable to such loan plus 3.50% maturing December 20, 2024.
  - Instrument: credit facility
  - Principal: $300 million
  - Counterparty: KKR Alternative Assets LLC
  - Rate: SOFR applicable to such loan plus 3.50%
  - Maturity: December 20, 2024
  - Event: incurrence
  source text: certain wholly-owned subsidiaries of KKR Private Equity Conglomerate LLC (the “Company”), as may be added and removed from time to time (the “Borrowers”), entered into an unsecured, uncommitted line of credit (the “Credit Agreement”) up to a maximum aggregate principal amount of $300 million with KKR Alternative Assets LLC (the “Lender”), an affiliate of the Company. The line of credit expires on December 20, 2024, subject to six-month extension options requiring the Lender’s approval. The interest rate is the then-current rate offered by a third-party lender or, if no such rate is available, SOFR applicable to such loan plus 3.50%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1957845/000114036123058650/0001140361-23-058650-index.htm
- Executive change
  Michael Whyte was appointed as Chief Operating Officer at KKR Private Equity Conglomerate LLC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On December 19, 2023, the Company appointed Michael Whyte as Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1957845/000114036123058650/0001140361-23-058650-index.htm
- Executive change
  Racim Allouani departed as Chief Operating Officer at KKR Private Equity Conglomerate LLC.
  - Action: ceased to serve
  - Role: Chief Operating Officer
  source text: Effective December 19, 2023, Mr. Whyte succeeded Racim Allouani who has ceased to serve as Chief Operating Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1957845/000114036123058650/0001140361-23-058650-index.htm
- Governance Changes
  KKR Private Equity Conglomerate LLC: Adopted Third Amended and Restated Limited Liability Company Agreement, updating conversion terms for Class R-S, R-U, R-I shares, removing automatic conversion for Class R-D shares, and changing definition of Company Expenses (effective 2023-12-14).
  - Change: bylaw amendment
  - Effective: 2023-12-14
  source text: On December 14, 2023, the Third Amended and Restated Limited Liability Company Agreement (the "Third A&R LLCA") of the Company was executed, which amended and restated the Company’s Second Amended and Restated Limited Liability Company Agreement, dated as of November 7, 2023. The amendment and restatement effects certain changes, including, among other things, (i) an update to certain conversion terms of the Company’s Class R-S Shares, Class R-U Shares and Class R-I Shares; (ii) the removal of the automatic conversion for Class R-D Shares and (iii) a change in the definition of "Company Expenses."
  evidence_url: https://www.sec.gov/Archives/edgar/data/1957845/000114036123058650/0001140361-23-058650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.