KKR FS Income Trust Select 8-K

What Happened

• KKR FS Income Trust Select filed an 8-K reporting that on March 2, 2026 it issued and sold 769,073.832 Class I shares (finalized March 20, 2026) for aggregate consideration of approximately $19.534 million. The sale was completed under the Company’s continuous private offering and relied on exemptions from registration under Section 4(a)(2) and/or Regulation D; participating investors represented they were accredited.
• The Company disclosed its net asset value (NAV) per Class I share was $25.40 as of February 28, 2026, and aggregate NAV was approximately $1.008 billion. The Private Offering is being conducted continuously for up to $5.0 billion; to date the Company has issued 39,204,662.954 Class I shares in the offering for about $997.801 million in total consideration and intends to continue monthly sales.

Key Details

• Issuance: 769,073.832 Class I shares issued March 2, 2026 (final number set March 20, 2026) for ~ $19.534 million.
• NAV: $25.40 per Class I share; aggregate NAV ≈ $1.008 billion (as of Feb 28, 2026).
• Offering status: Continuous private offering up to $5.0 billion; 39,204,662.954 Class I shares issued so far for ≈ $997.801 million.
• Offering mechanics: Sold in a private offering relying on Section 4(a)(2)/Regulation D; investors represented they are accredited.

Why It Matters

• The filing shows the company is actively raising capital through its private offering, bringing total proceeds close to $1.0 billion toward a $5.0 billion target. That fundraising increases the company’s cash resources but also expands outstanding shares.
• NAV data gives investors a recent valuation checkpoint ($25.40 per share and ~$1.008B aggregate), useful for assessing share value relative to offering price and for monitoring dilution from new share issuances.
• The shares were sold in an unregistered private placement (Reg D), meaning these sales are to accredited investors and may have resale restrictions—important for liquidity considerations.