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Kohlberg Kravis Roberts & Co. L.P.: investment adviser
Kohlberg Kravis Roberts & Co. L.P. is an investment adviser registered with the SEC (file 801-69634, CRD 144533). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $399.9B
- Discretionary
- 99%
- Accounts
- 227
- Employees
- 2,593
- In advisory roles
- 706
- Disclosures
- 2
SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Private funds and other pooled vehicles | 209 | $345.1B | 86.3% |
| Insurance companies | 9 | $54.8B | 13.7% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
- Publication of periodicals or newsletters
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| KKR Group Partnership L.P. | Company (outside the U.S.) | Limited partner of kohlberg kravis roberts & co. L.P. | E 75% or more | Jan 2020 | Yes |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| KKR Group Holdings Corp. | KKR Group Partnership KKR Group L.P. Partnership L.P. | Company (U.S.) | F General partner, trustee or managing member | Yes | |
| KKR Group Holdings Corp. | KKR Group Holdings L.P. KKR Group Holdings | Company (U.S.) | F General partner, trustee or managing member | Yes | |
| KKR & Co. Inc. | KKR Group Co. Inc. Group Co. Inc. | Company (U.S.) | E 75% or more | Yes | Yes |
| KKR Group Co. Inc. | KKR Group Holdings Group Holdings. Corp. Corp. | Company (U.S.) | E 75% or more | Yes | |
| KKR Group Partnership L.P. | KKR Holdco LLC Holdco LLC | Company (outside the U.S.) | E 75% or more | Yes | |
| KKR Holdco LLC | KKR & Co. GP LLC Co. GP LLC | Company (U.S.) | E 75% or more | Yes | |
| KKR Group Holdings L.P. | KKR Group Partnership KKR Group L.P. Partnership L.P. | Company (U.S.) | C 25% to 50% | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?
- Has any self-regulatory organization or commodities exchange ever: found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?
Actions about the firm (1)
- Jan 13, 2025Regulatory Action: SEC FinalSanctions: Cease and Desist; Civil penalty and censure · Fine: $11.0M · Begun Jan 13, 2025 · Resolved Jan 13, 2025 · Settled · Docket ADMINISTRATIVE PROCEEDING FILE NO. 3-22401
The SEC alleged that from December 2019, personnel at KKR sent and received off-channel communications that related to its advisory business. KKR did not maintain or preserve these off-channel communications, resulting in a violation of section 204 of the Advisers Act and rule 204-2(a)(7) thereunder. KKR also failed to implement procedures reasonably expected to prevent off- channel communications and failed to reasonably supervise its personnel within the meaning of section 203(e)(6) of the Advisers Act.
The order imposes a civil penalty of $11 million. The portion levied against KKR is 100%. Pursuant to the order, the penalty was paid on January 15, 2025.
The SEC administrative order is final. The civil penalty was paid on January 15, 2025. No information Filed
Disclosures filed elsewhere
The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.
- 1 regulatory action disclosure about Janney Montgomery Scott
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.