KKR Infrastructure Conglomerate 10-K 25 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 29, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-56484
Entity Registrant Name	KKR Infrastructure Conglomerate LLC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-0477563
Entity Address, Address Line One	30 Hudson Yards,
Entity Address, City	New York,
Entity Address, State	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	750-8300
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Shell Company	false
Documents Incorporated by Reference	None.
No Trading Symbol Flag	true
Entity Public Float			$ 0
Entity Central Index Key	0001948056
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Class I Shares
Document Information [Line Items]
Title of 12(g) Security	Class I Shares
Entity Common Stock, Shares Outstanding		371
Class U Shares
Document Information [Line Items]
Title of 12(g) Security	Class U Shares
Entity Common Stock, Shares Outstanding		33,942,485
Class R-D Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		449,620
Class R Shares
Document Information [Line Items]
Title of 12(g) Security	Class R Shares
Entity Common Stock, Shares Outstanding		20,607,538
Class D Shares
Document Information [Line Items]
Title of 12(g) Security	Class D Shares
Entity Common Stock, Shares Outstanding		384
Class F Shares
Document Information [Line Items]
Title of 12(g) Security	Class F Shares
Entity Common Stock, Shares Outstanding		51,217
Class S Shares
Document Information [Line Items]
Title of 12(g) Security	Class S Shares
Class E Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		40
Class G Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		40
Class H Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		40

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	San Francisco, CA
Auditor Firm ID	34

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Investments at fair value (cost of $895,257)	$ 983,552,000	$ 0
Cash and cash equivalents	278,417,000	1,000
Prepaids and other assets	0	596,000
Deferred offering costs	826,000	669,000
Due from Manager	$ 16,549,000	$ 5,435,000
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	Manager	Manager
Dividends receivable	$ 1,429,000	$ 0
Unrealized appreciation on foreign currency forward contracts	28,000	0
Total assets	1,280,801,000	6,701,000
Liabilities
Unrealized depreciation on foreign currency forward contracts	18,890,000	0
Accrued performance participation allocation	8,335,000	0
Accrued shareholder servicing fees and distribution fees	51,440,000	0
Distributions payable	9,480,000	0
Directors' fees and expenses payable	116,000	0
Other accrued expenses and liabilities	2,938,000	646,000
Due to Manager	$ 19,174,000	$ 0
Accounts Payable, Related Party, Type [Extensible Enumeration]	Manager	Manager
Organization costs payable	$ 48,000	$ 5,385,000
Offering costs payable	8,000	669,000
Total liabilities	110,429,000	6,700,000
Commitments and contingencies (Note 8)
Net assets	1,170,372,000	1,000
Class I Shares
Liabilities
Net assets	3,552,000	0
Class U Shares
Liabilities
Net assets	706,586,000	0
Class R-D Shares
Liabilities
Net assets	9,328,000	0
Class R Shares
Liabilities
Net assets	449,523,000	0
Class D Shares
Liabilities
Net assets	11,000	0
Class E Shares
Liabilities
Net assets	1,000	0
Class F Shares
Liabilities
Net assets	1,369,000	0
Class G Shares
Liabilities
Net assets	1,000	1,000
Class H Shares
Liabilities
Net assets	$ 1,000	$ 0

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments at cost	$ 895,257
Class I Shares
Common stock, shares authorized (in shares)	131,691
Common stock, shares issued (in shares)	131,691
Common stock, shares outstanding (in shares)	131,691
Class U Shares
Common stock, shares authorized (in shares)	28,088,229
Common stock, shares issued (in shares)	28,088,229
Common stock, shares outstanding (in shares)	28,088,229
Class R-D Shares
Common stock, shares authorized (in shares)	353,076
Common stock, shares issued (in shares)	353,076
Common stock, shares outstanding (in shares)	353,076
Class R Shares
Common stock, shares authorized (in shares)	16,671,146
Common stock, shares issued (in shares)	16,671,146
Common stock, shares outstanding (in shares)	16,671,146
Class D Shares
Common stock, shares authorized (in shares)	380
Common stock, shares issued (in shares)	380
Common stock, shares outstanding (in shares)	380
Class E Shares
Common stock, shares authorized (in shares)	40
Common stock, shares issued (in shares)	40
Common stock, shares outstanding (in shares)	40
Class F Shares
Common stock, shares authorized (in shares)	49,830
Common stock, shares issued (in shares)	49,830
Common stock, shares outstanding (in shares)	49,830
Class G Shares
Common stock, shares authorized (in shares)	40	40
Common stock, shares issued (in shares)	40	40
Common stock, shares outstanding (in shares)	40	40
Class H Shares
Common stock, shares authorized (in shares)	40
Common stock, shares issued (in shares)	40
Common stock, shares outstanding (in shares)	40

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	[1]	Dec. 31, 2023
Investment income
Dividend income	$ 0		$ 14,783
Total investment income	0		14,783
Operating expenses
Organization costs	5,385		3,333
General and administration expenses	50		9,989
Directors' fees and expenses	0		345
Deferred offering costs amortization	0		1,156
Management fee expense, net	0		1,193
Performance participation allocation	0		8,335
Total operating expenses	5,435		24,351
Less: Expenses reimbursed by Manager	(5,435)		(11,114)
Net operating expenses	0		13,237
Net investment income before income taxes	0		1,546
Provision for income taxes	0		82
Net investment income	0		1,464
Net realized gain (loss) on investments, foreign currency and foreign currency forward contracts
Foreign currency	0		1,494
Total net realized gain (loss)	0		1,494
Net change in unrealized appreciation (depreciation) on investments, foreign currency translation and foreign currency forward contracts
Investments	0		56,179
Foreign currency translation	0		32,116
Foreign currency forward contracts	0		(18,862)
Total net change in unrealized appreciation (depreciation)	0		69,433
Net increase in net assets resulting from operations	$ 0		$ 72,391
[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022		Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 1
Consideration from the issuance of shares			1,876,621
Repurchases of shares			(715,008)
DRIP reinvestment shares			3,305
Transfers in			119
Transfers out			(119)
Accrued shareholder servicing fees and distribution fees			(52,637)
Distributions declared			(14,301)
Net investment (loss) income	$ 0	[1]	1,464
Net realized gain	0	[1]	1,494
Net change in unrealized appreciation	0	[1]	69,433
Ending balance	1		1,170,372
Class I Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			3,447
Repurchases of shares			0
DRIP reinvestment shares			0
Transfers in			0
Transfers out			0
Distributions declared			(34)
Net investment (loss) income			(3)
Net realized gain			4
Net change in unrealized appreciation			138
Ending balance	0		3,552
Class U Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			729,015
Repurchases of shares			0
DRIP reinvestment shares			1,840
Transfers in			0
Transfers out			0
Accrued shareholder servicing fees and distribution fees			(52,443)
Distributions declared			(7,751)
Net investment (loss) income			827
Net realized gain			932
Net change in unrealized appreciation			34,166
Ending balance	0		706,586
Class R-D Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			9,125
Repurchases of shares			0
DRIP reinvestment shares			0
Transfers in			119
Transfers out			0
Accrued shareholder servicing fees and distribution fees			(194)
Distributions declared			(70)
Net investment (loss) income			(22)
Net realized gain			11
Net change in unrealized appreciation			359
Ending balance	0		9,328
Class R Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			432,288
Repurchases of shares			0
DRIP reinvestment shares			1,464
Transfers in			0
Transfers out			0
Distributions declared			(6,081)
Net investment (loss) income			556
Net realized gain			545
Net change in unrealized appreciation			20,751
Ending balance	0		449,523
Class D Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			128
Repurchases of shares			0
DRIP reinvestment shares			1
Transfers in			0
Transfers out			(119)
Distributions declared			(1)
Net investment (loss) income			1
Net change in unrealized appreciation			1
Ending balance	0		11
Class E Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			701,295
Repurchases of shares			(715,008)
DRIP reinvestment shares			0
Transfers in			0
Transfers out			0
Distributions declared			(347)
Net investment (loss) income			92
Net change in unrealized appreciation			13,969
Ending balance	0		1
Class F Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			1,322
Repurchases of shares			0
DRIP reinvestment shares			0
Transfers in			0
Transfers out			0
Distributions declared			(17)
Net investment (loss) income			13
Net realized gain			2
Net change in unrealized appreciation			49
Ending balance	0		1,369
Class G Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			1
Consideration from the issuance of shares			0
Repurchases of shares			0
DRIP reinvestment shares			0
Transfers in			0
Transfers out			0
Ending balance	1		1
Class H Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			0
Consideration from the issuance of shares			1
Repurchases of shares			0
DRIP reinvestment shares			0
Transfers in			0
Transfers out			0
Ending balance	$ 0		$ 1
[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Consolidated Statement of Cash

Consolidated Statement of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Operating activities
Net increase in net assets from operations	$ 72,391
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:
Class F Shares issued as payment of Management fees	1,193
Class F Shares issued as payment of directors' fees and expenses	129
Deferred offering costs amortization	1,156
Acquisition of Infrastructure Assets	(193,962)
Net change in unrealized appreciation on investments	(56,179)
Net change in unrealized appreciation on foreign currency translation	(32,116)
Net change in unrealized depreciation on foreign currency forward contracts	18,862
Changes in operating assets and liabilities:
Decrease in prepaids and other assets	596
(Increase) in deferred offering costs	(1,312)
(Increase) in due from Manager	(11,114)
(Increase) in dividends receivable	(1,429)
Increase in accrued performance participation allocation	8,335
Increase in directors' fees and expenses payable	116
Increase in other accrued expenses and liabilities	2,291
Increase in due to Manager	17,977
(Decrease) in organization costs payable	(5,337)
(Decrease) in offering costs payable	(661)
Net cash used in operating activities	(179,064)
Financing activities
Proceeds from issuance of shares	1,174,004
Payment on repurchases of shares	(715,008)
Distributions	(1,516)
Net cash provided by financing activities	457,480
Net increase in cash and cash equivalents	278,416
Cash and cash equivalents, beginning of period	1
Cash and cash equivalents, end of period	278,417
Supplemental disclosure of cash flow information
Shares issued in exchange for interests in Infrastructure Assets	$ 701,295

Condensed Consolidated Schedule

Condensed Consolidated Schedule of Investments € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 GBP (£)
Infrastructure Assets	$ 983,552
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	84.10%	84.10%	84.10%	84.10%
Foreign Currency Forward Contracts, Estimated Fair Value	$ (18,890)
Foreign Currency Forward Contracts, Estimated Fair Value	28
Total Foreign Currency Forward Contracts	$ (18,862)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(1.60%)	(1.60%)	(1.60%)	(1.60%)
Investments in Money Market Funds	$ 278,417
Investments in Money Market Funds, Estimated Fair Value as a Percentage of Net Assets	23.80%	23.80%	23.80%	23.80%
Total Investments and Cash Equivalents	$ 1,243,107
Total Investments and Cash Equivalents, Estimated Fair Value as a Percentage of Net Assets	106.30%	106.30%	106.30%	106.30%
Infrastructure Assets Investments, cost	$ 895,257
Investments in Money Market Funds, cost	278,417
Investments and Cash Equivalents, cost	1,173,674
Goldman, Sachs & Co.
Notional		$ 91,000
Foreign Currency Forward Contracts, Estimated Fair Value	$ (1,222)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.10%)	(0.10%)	(0.10%)	(0.10%)
Nomura International PLC
Notional		$ 91,000
Foreign Currency Forward Contracts, Estimated Fair Value	$ (1,246)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.10%)	(0.10%)	(0.10%)	(0.10%)
Goldman, Sachs & Co.
Notional | €			€ 123,000
Foreign Currency Forward Contracts, Estimated Fair Value	$ (2,460)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.20%)	(0.20%)	(0.20%)	(0.20%)
Nomura International PLC
Notional | €			€ 123,000
Foreign Currency Forward Contracts, Estimated Fair Value	$ (2,491)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.20%)	(0.20%)	(0.20%)	(0.20%)
Barclays Bank PLC
Notional | €			€ 9,000
Foreign Currency Forward Contracts, Estimated Fair Value	$ 28
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	0%	0%	0%	0%
Nomura International PLC
Notional | £				£ 74,500
Foreign Currency Forward Contracts, Estimated Fair Value	$ (4,613)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.40%)	(0.40%)	(0.40%)	(0.40%)
Barclays Bank PLC
Notional | £				£ 74,500
Foreign Currency Forward Contracts, Estimated Fair Value	$ (4,631)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.40%)	(0.40%)	(0.40%)	(0.40%)
Royal Bank of Canada
Notional | £				£ 27,400
Foreign Currency Forward Contracts, Estimated Fair Value	$ (1,115)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.10%)	(0.10%)	(0.10%)	(0.10%)
Goldman, Sachs & Co.
Notional | £				£ 6,200
Foreign Currency Forward Contracts, Estimated Fair Value	$ (225)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	0%	0%	0%	0%
Goldman, Sachs & Co.
Notional | £				£ 5,600
Foreign Currency Forward Contracts, Estimated Fair Value	$ (58)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	0%	0%	0%	0%
Nomura International PLC
Notional | £				£ 36,300
Foreign Currency Forward Contracts, Estimated Fair Value	$ (808)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	(0.10%)	(0.10%)	(0.10%)	(0.10%)
Goldman, Sachs & Co.
Notional | £				£ 9,000
Foreign Currency Forward Contracts, Estimated Fair Value	$ (21)
Foreign Currency Forward Contracts, Estimated Fair Value as a Percentage of Net Assets	0%	0%	0%	0%
Morgan Stanley Institutional Liquidity Funds Government Portfolio
Investments in Money Market Funds	$ 278,417
Investments in Money Market Funds, Estimated Fair Value as a Percentage of Net Assets	23.80%	23.80%	23.80%	23.80%
Digital Infrastructure
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	10%	10%	10%	10%
Energy Security
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	14.70%	14.70%	14.70%	14.70%
Energy Transition
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	15.60%	15.60%	15.60%	15.60%
Industrial Infrastructure
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	14.70%	14.70%	14.70%	14.70%
Social Infrastructure
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	2,900%	2,900%	2,900%	2,900%
EMEA | Digital Infrastructure | Vantage Towers AG
Infrastructure Assets	$ 111,983
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	9.60%	9.60%	9.60%	9.60%
EMEA | Energy Transition | Other Infrastructure Assets
Infrastructure Assets	$ 9,015
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	0.80%	0.80%	0.80%	0.80%
EMEA | Energy Transition | Albioma SA
Infrastructure Assets	$ 173,823
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	14.90%	14.90%	14.90%	14.90%
EMEA | Industrial Infrastructure | Refresco Group B.V.
Infrastructure Assets	$ 172,087
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	14.70%	14.70%	14.70%	14.70%
EMEA | Social Infrastructure | Grove Education Partners Holdco Limited
Infrastructure Assets	$ 338,947
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	29%	29%	29%	29%
Asia-Pacific | Digital Infrastructure | Other Infrastructure Assets
Infrastructure Assets	$ 4,689
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	0.40%	0.40%	0.40%	0.40%
North America | Energy Security | Other Infrastructure Assets
Infrastructure Assets	$ 16,830
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	1.40%	1.40%	1.40%	1.40%
North America | Energy Security | Pembina Gas Infrastructure Inc.
Infrastructure Assets	$ 156,178
Infrastructure Assets, Estimated Fair Value as a Percentage of Net Assets	13.30%	13.30%	13.30%	13.30%

Organization

Organization	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization KKR Infrastructure Conglomerate LLC (“K-INFRA” and the “Company”) was formed on September 23, 2022 as a limited liability company under the laws of the state of Delaware and the Company operates its business in a manner permitting it to be excluded from the definition of an “investment company” under the Investment Company Act of 1940, as amended. The Company is a holding company that seeks to acquire, own and control portfolio companies, special purpose vehicles and other entities through which infrastructure assets or businesses will be held (“Infrastructure Assets”), with the objective of generating attractive risk-adjusted returns consisting of both current income and capital appreciation. The Company commenced principal operations on June 1, 2023. K-INFRA conducts a continuous private offering of its investor shares: Class S Shares, Class D Shares, Class U Shares, Class I Shares, Class R-D Shares, Class R-S Shares and Class R Shares (collectively, the “Investor Shares” and, collectively with the Class E Shares, Class F Shares, Class G Shares and Class H Shares, the “Shares”) in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), including under Regulation D and Regulation S, (i) to accredited investors (as defined in Regulation D under the Securities Act) and (ii) in the case of shares sold outside of the United States, to persons that are not “U.S. persons” (as defined in Regulation S under the Securities Act). Holders of Investor Shares have equal rights and privileges with each other, except that Class D Shares, Class U Shares, Class I Shares, Class R-D Shares and Class R Shares do not pay a sales load or dealer-manager fees, the Class I Shares and Class R Shares are not subject to any servicing or distribution fees and the Class D Shares or Class R-D Shares are not subject to any distribution fees. Holders of Class E Shares, Class F Shares, Class G Shares and Class H Shares (collectively, the “KKR Shares”) have equal rights and privileges with each other and, except for the Class G Shares, no class of shares will have any rights, powers or preferences with respect to determining the number of directors constituting the entire Board of Directors the (“Board”) or the appointment, election, or removal of any directors of officers of the Company. Kohlberg Kravis Roberts & Co. L.P. (together with its subsidiaries, “KKR”), through its ownership of all of the Company’s outstanding Class G Shares, hold, directly and indirectly, all of the voting power of the Company. The KKR Shares are not subject to the Management Fee (defined herein) or the Performance Participation Allocation (defined herein), and are not subject to any servicing or distribution fees. The Company is sponsored by KKR and benefits from KKR’s infrastructure sourcing and management platform pursuant to a management agreement entered into with KKR DAV Manager LLC (the “Manager”) to support the Company in managing its portfolio of Infrastructure Assets with the objective of generating risk-adjusted returns consisting of both current income and capital appreciation for holders of Shares (the “Shareholders”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements (referred to hereafter as the “financial statements”) are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and are stated in United States (“U.S.”) dollars. The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these consolidated financial statements. Actual results could differ from those estimates. The Company’s consolidated financial statements are prepared using the accounting and reporting guidance under Accounting Standards Codification 946, Financial Services—Investment Companies (“ASC 946”). Basis of Consolidation As provided under Regulation S-X and ASC 946, the Company will generally not consolidate its investment in a company other than a wholly owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidates in its consolidated financial statements the accounts of certain wholly owned subsidiaries that meet the criteria. All significant intercompany balances and transactions have been eliminated in consolidation. Cash and Cash Equivalents Cash and cash equivalents consists solely of money market funds with financial institutions with maturities of three or fewer months at the time of acquisition. As of December 31, 2023, the Company was invested in the Morgan Stanley Institutional Liquidity Funds Government Portfolio. As of December 31, 2022, the Company was invested in the JPMorgan U.S. Government Money Market Fund. Foreign Currency Translation The accounting records of the Company are maintained in U.S. Dollars. The fair value of investments and other assets and liabilities denominated in non-U.S. currencies are translated into U.S. Dollars using the exchange rate at the end of each reporting period. Amounts related to the purchases and sales of investments, investment income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net unrealized currency gains and losses arising from valuing foreign currency-denominated investments and liabilities at the current exchange rate are reflected as part of net change in unrealized appreciation (depreciation) on foreign currency translation in the Consolidated Statements of Operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices to be more volatile than those of comparable U.S. companies or U.S. government securities. Organization and Offering Costs Organization costs are expensed as incurred. Organization costs consist of costs incurred to establish the Company and enable it legally to do business. For the year ended December 31, 2023, the Company incurred organization costs of $3,333. For the period from September 23, 2022 (date of formation) to December 31, 2022, the Company incurred organization costs of $5,385. Offering costs include registration fees and legal fees regarding the preparation of the initial registration statement. Offering costs are accounted for as deferred costs until operations begin. Offering costs incurred prior to the Company’s Initial Offering (defined below) are amortized over the first twelve months of operations on a straight-line basis. As of December 31, 2023, the total amount of the offering costs incurred by the Company was $1,983. For the year ended December 31, 2023, the Company amortized $1,156 in deferred offering costs. Valuation of Investments at Fair Value ASC 820, Fair Value Measurement , defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value. The Company recognizes and accounts for its investments at fair value. The fair value of the investments does not reflect transaction costs that may be incurred upon disposition of investments. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instruments’ complexity for disclosure purposes. Assets and liabilities recorded at fair value on the Consolidated Statements of Assets and Liabilities are categorized based upon the level of judgment associated with the inputs used to measure their value. Hierarchical levels, as defined under GAAP, are directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities, and are as follows: Level I — Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level II — Inputs other than quoted prices included in Level I that are observable for the asset or liability, either directly or indirectly. Level II inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the asset or liability. Level III — Inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The inputs into the determination of fair value require significant management judgment or estimation. The valuation of our Level III investments at December 31, 2023 represents management’s best estimate of the amounts that we would anticipate realizing on the sale of these investments in an orderly transaction at such date. A significant decrease in the volume and level of activity for the asset or liability is an indication that transactions or quoted prices may not be representative of fair value because in such market conditions there may be increased instances of transactions that are not orderly. In those circumstances, further analysis of transactions or quoted prices is needed, and an adjustment to the transactions or quoted prices may be necessary to estimate fair value. The Board is responsible for overseeing the valuation of the Company’s investments at fair value as determined in good faith pursuant to the Company’s valuation policy. The Board has designated the Manager as the Company’s valuation designee, with day-to-day responsibility for implementing the portfolio valuation process set forth in the Company’s valuation policy. There is no single standard for determining fair values of assets that do not have a readily available market price and, in many cases, such fair values may be best expressed as a range of fair values from which a single estimate may be derived in good faith. As a result, determining fair value requires that judgment be applied to the specific facts and circumstances of each acquisition while employing a valuation process that is consistently followed. Determinations of fair value involve subjective judgments and estimates. When making fair value determinations for Infrastructure Assets that do not have readily available market prices, the Manager considers industry-accepted valuation methodologies, primarily consisting of an income approach and market approach. The income approach derives fair value based on the present value of cash flows that a business or asset is expected to generate in the future. The market approach relies upon valuations for comparable companies, transactions or assets, and includes making judgments about which companies, transactions, or assets are comparable. A blend of approaches may be relied upon in arriving at an estimate of fair value, though there may be instances where it is more appropriate to utilize one approach. It is common to use only the income approach for Infrastructure Assets. The Manager also considers a range of additional factors that it deems relevant, including a potential sale of an Infrastructure Asset, macro and local market conditions, industry information and the Infrastructure Asset’s historical and projected financial data. Infrastructure Assets will generally be valued at transaction price initially; however, to the extent the Manager does not believe an Infrastructure Asset’s transaction price reflects the current market value, the Manager will adjust such valuation. When making fair value determinations for Infrastructure Assets, the Manager will update the prior month-end valuations by incorporating the then current market comparables and discount rate inputs, any material changes to the Infrastructure Assets financial performance since the valuation date, as well as any cash flow activity related to the Infrastructure Assets during the month. The Manager values Infrastructure Assets using the valuation methodology it deems most appropriate and consistent with widely recognized valuation methodologies and market conditions. When making fair value determinations for assets that do not have a reliable readily available market price, the Manager will engage one or more independent valuation firms to provide positive assurance regarding the reasonableness of such valuations as of the relevant measurement date. However, the Manager is ultimately responsible for determining the fair value of all applicable investments in good faith in accordance with the Company’s valuation policies and procedures. Because assets are valued as of a specified valuation date, events occurring subsequent to that date will not be reflected in the Company’s valuations. However, if information indicating a condition that existed at the valuation date becomes available subsequent to the valuation date and before financial information is publicly released, it will be evaluated to determine whether it would have a material impact requiring adjustment of the final valuation. At least annually, the Manager reviews the appropriateness of the Company’s valuation policies and procedures and will recommend any proposed changes to the Board. From time to time, the Board and the Manager may adopt changes to the valuation policies and procedures if they determine that such changes are likely to result in a more accurate reflection of estimated fair value. Income Taxes The Company operates so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code of 1986, as amended, and not as a publicly traded partnership taxable as a corporation. As such, it will not be subject to any U.S. federal and state income taxes. In any year, it is possible that the Company will be considered a publicly traded partnership and will not meet the qualifying income exception, which would result in the Company being treated as a publicly traded partnership and taxed as a corporation, rather than a partnership. In such case, the members would then be treated as shareholders in a corporation, and the Company would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. The Company would be required to pay income tax at corporate rates on its net taxable income. In addition, the Company operates, in part, through subsidiaries that may be treated as corporations for U.S. and non-U.S. tax purposes and therefore may be subject to current and deferred U.S. federal, state and/or local income taxes at the subsidiary level. Deferred Income Taxes Income taxes are accounted for using the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized in the Consolidated Statements of Operations in the period when the change is enacted. Deferred tax assets, which are recorded in Prepaids and other assets within the Consolidated Statements of Assets and Liabilities, are reduced by a valuation allowance when, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. When evaluating the realizability of the deferred tax assets, all evidence, both positive and negative, is considered. Items considered when evaluating the need for a valuation allowance include the ability to carry back losses, future reversals of existing temporary differences, tax planning strategies, and expectations of future earnings. For a particular tax‑paying component of an entity and within a particular tax jurisdiction, deferred tax assets and liabilities are offset and presented as a single amount within Prepaids and other assets or Other accrued expenses and liabilities, as applicable, in the accompanying Consolidated Statements of Assets and Liabilities. Uncertain Tax Positions The Company analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, the Company determines that uncertainties in tax positions exist, a reserve is established. The reserve for uncertain tax positions is recorded in Other accrued expenses and liabilities in the accompanying Consolidated Statements of Assets and Liabilities. The Company recognizes accrued interest and penalties related to uncertain tax positions within the provision for income taxes in the Consolidated Statements of Operations. The Company records uncertain tax positions on the basis of a two‑step process: (a) determination is made whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (b) those tax positions that meet the more‑likely‑than‑not threshold are recognized as the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority. Calculation of Net Asset Value Net asset value (“NAV”) under GAAP by share class is calculated by subtracting total liabilities for each class from the total carrying amount of all assets for that class, which includes the fair value of investments. At the end of each month, any change in our NAV (whether an increase or decrease) is allocated among each share class based on the relative percentage of the previous aggregate NAV for each share class, adjusted for issuances of shares that were effective on the first calendar day of such month and repurchases that were effective on the last calendar day of such month. Net asset value per share for each class is calculated by dividing the net asset value for that class by the total number of outstanding shares of that class on the reporting date. The Manager is ultimately responsible for the Company’s NAV calculations. Revenue Recognition Dividend income from our Infrastructure Assets is recorded on the ex-dividend date, or, in the absence of a formal declaration of a record date, on the date when cash is received from the relevant Infrastructure Assets, but excludes any portion of distributions that are treated as a return of capital. Each distribution received from an Infrastructure Asset is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. Dividend income from money market funds with financial institutions is recorded on an accrual basis to the extent that the Company expects to collect such amounts. Net Realized Gains or Losses and Net Change in Unrealized Appreciation (Depreciation) on Investments Without regard to unrealized appreciation or depreciation previously recognized, realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment, or disposal of an asset and the adjusted cost basis of the asset. Net change in unrealized appreciation or depreciation will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. Performance Participation Allocation Under the Fifth Amended and Restated Limited Liability Company Agreement of the Company (as amended from time to time, the “LLC Agreement”), so long as the Management Agreement has not been terminated, KKR will be entitled to receive a Performance Participation Allocation equal to 12.5% of the Total Return attributable to Investor Shares, subject to a 5.0% Hurdle Amount and a High Water Mark, with a 100% Catch-Up (each as defined in the LLC Agreement) (the “Performance Participation Allocation”). The Performance Participation Allocation will be measured and paid on an annual basis and accrued monthly; see Note 5. Related Party Transactions, below for further detail. Such Performance Participation Allocation is calculated based on the Company’s transactional net asset value, which is the price at which the Company sells and repurchases its Shares. KKR may elect to receive the Performance Participation Allocation in cash and/or Class F Shares. If the Performance Participation Allocation is paid in Class F Shares, such shares may be repurchased at KKR’s request and will be subject to the repurchase limitations of our share repurchase plan. A Performance Participation Allocation accrual of $8,335 was recorded as of December 31, 2023 in the Consolidated Statements of Assets and Liabilities. No Performance Participation Allocation accrual was recorded as of December 31, 2022. The Performance Participation Allocation recorded in the Consolidated Statements of Operations for the year ended December 31, 2023 is $8,335. Derivative Instruments The Company enters into foreign currency forward contracts to hedge against foreign currency exchange rate risk on its non-U.S. dollar denominated securities or to facilitate settlement of foreign currency denominated Infrastructure Asset transactions. A foreign currency forward contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. These contracts are marked-to-market by recognizing the difference between the contract forward exchange rate and the forward market exchange rate on the last day of the period as unrealized appreciation or depreciation. When a foreign currency forward contract is closed, through either delivery or offset by entering into another foreign currency forward contract, the Company recognizes realized appreciation or depreciation equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Foreign currency forward contracts involve elements of market risk in excess of the amounts reflected on the Consolidated Statements of Assets and Liabilities. The Company’s primary risk related to hedging is the risk of an unfavorable change in the foreign exchange rate underlying the foreign currency forward contract.

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Investments	Investments Summarized Infrastructure Assets Financial Information The following tables present audited summarized operating data for the year ended December 31, 2023 and summarized balance sheet data as of December 31, 2023 for the above Infrastructure Assets in the aggregate in which the Company has an indirect equity interest: Summarized Operating Data: December 31, 2023 Revenues $ 9,584,500 Expenses 9,329,360 Income before taxes 255,140 Income tax expense 75,191 Consolidated net income 179,949 Net income attributable to non-controlling interests (11,096) Net income $ 168,853 The net income above represents the aggregated net income attributable to the controlling interests in each of the Company’s Infrastructure Assets and does not represent the Company’s proportionate share of income. Summarized Balance Sheet Data: December 31, 2023 Current assets $ 3,780,102 Noncurrent assets 47,052,635 Current liabilities 6,008,552 Noncurrent liabilities 20,836,434 Non-controlling interests 2,425,388 Equity 21,562,363

Fair Value Measurements - Inves

Fair Value Measurements - Investments	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements - Investments	Fair Value Measurements — Investments The following table presents fair value measurements of investments, by major class, as of December 31, 2023, according to the fair value hierarchy: Valuation Inputs Investments Level I Level II Level III Fair Value Infrastructure Assets $ — $ — $ 983,552 $ 983,552 Unrealized appreciation on foreign currency forward contracts — 28 — 28 Unrealized depreciation on foreign currency forward contracts — (18,890) — (18,890) Investments in Money Market Funds 278,417 — — 278,417 Total $ 278,417 $ (18,862) $ 983,552 $ 1,243,107 The following table provides a reconciliation of the beginning and ending balances for investments that use Level III inputs for the year ended December 31, 2023: Investments Balance as of December 31, 2022 Purchases and contributions in kind Net change in unrealized appreciation on investments Net change in unrealized appreciation on foreign currency translation Balance as of December 31, 2023 Infrastructure Assets $ — $ 895,257 $ 56,179 $ 32,116 $ 983,552 Total $ — $ 895,257 $ 56,179 $ 32,116 $ 983,552 The total change in unrealized appreciation included in the Consolidated Statements of Operations within net change in unrealized appreciation (depreciation) for the year ended December 31, 2023 attributable to Level III investments and foreign currency translation still held at December 31, 2023 was $56,179 and $32,116, respectively. The following table presents the quantitative information about Level III fair value measurements of the Company’s Infrastructure Assets as of December 31, 2023: Level III Assets Fair Value December 31, 2023 Valuation Methodology & Inputs Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Infrastructure Assets $983,552 Inputs to market comparables, discounted cash flow and transaction price/other Illiquidity Discount 5.1% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 4.0% 0.0% - 25.0% (4) Weight Ascribed to Discounted Cash Flow 94.6% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price/Other 1.4% 0.0% - 100.0% (6) Market Comparables Enterprise Value / Forward EBITDA Multiple 10.5x 10.5x - 10.5x Increase Discounted Cash Flow Weighted Average Cost of Capital 9.7% 6.7% - 12.1% Decrease Enterprise Value / LTM EBITDA Exit Multiple 13.9x 9.5x - 21.0x Increase (1) In determining the inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies, and company-specific developments including exit strategies and realization opportunities. The Manager has determined that market participants would take these inputs into account when valuing the investments. “LTM” means Last Twelve Months. (2) Inputs are weighted based on fair value of the investments included in the range. (3) Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. (4) The directional change from an increase in the weight ascribed to the market comparables approach would increase the fair value of the Level III investments if the market comparables approach results in a higher valuation than the discounted cash flow approach and transaction price approach. The opposite would be true if the market comparables approach results in a lower valuation than the discounted cash flow approach and transaction price approach. (5) The directional change from an increase in the weight ascribed to the discounted cash flow approach would increase the fair value of the Level III investments if the discounted cash flow approach results in a higher valuation than the market comparables approach and transaction price approach. The opposite would be true if the discounted cash flow approach results in a lower valuation than the market comparables approach and transaction price approach. (6) The directional change from an increase in the weight ascribed to the transaction price approach would increase the fair value of the Level III investments if the transaction price approach results in a higher valuation than the market comparables approach and discounted cash flow approach. The opposite would be true if the transaction price approach results in a lower valuation than the market comparables approach and discounted cash flow approach. Valuations involve subjective judgments and may not accurately reflect realizable value. The assumptions above are determined by the Manager and reviewed by the Manager’s independent valuation advisor. A change in these assumptions or factors would impact the calculation of the value of our assets.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Initial Capital Contribution On October 25, 2022, KKR made an initial capital contribution that resulted in the issuance of 40 Class G Shares of the Company at an aggregate purchase price of $1 to KKR Group Assets Holdings III L.P., an affiliate of the Manager. Infrastructure Assets On June 1, 2023 and June 2, 2023, the Company issued to KKR Alternative Assets LLC, an indirect subsidiary of KKR, a total of 17,760,519 Class E Shares of the Company at $25.00 per Class E Share for aggregate consideration of $444,013 in exchange for the contribution to the Company of ownership interests in (i) Refresco, a beverage contract manufacturer, (ii) Albioma, a renewable energy producer and (iii) PGI, a midstream platform. On October 2, 2023, the Company issued to KKR Alternative Assets LLC a total of 9,650,038 Class E Shares of the Company at $26.66 per Class E Share for aggregate consideration of $257,282 in exchange for the contribution to the Company of ownership interest in Grove Education Partners, a premium for-profit education services provider. Class H Shares Issuance On June 30, 2023, the Company issued to K-INFRA GP LLC, an indirect subsidiary of KKR, a total of 40 Class H Shares of the Company at $25.00 per Class H Share for aggregate consideration of $1. For as long as the Management Agreement has not been terminated, the Class H Members (as defined in the LLC Agreement) may receive a Performance Participation Allocation from the Company. Repurchase of Class E Shares Held by KKR On June 30, 2023, pursuant to the Company’s KKR Share Repurchase Arrangement, effective April 28, 2023 (as amended, the “KKR Share Repurchase Arrangement”), the Company repurchased 7,800,000 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $25.00 per Class E Share, which was determined based on the most recent transactional net asset value per share on that date, for an aggregate purchase price of $195,000. On July 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 4,176,158 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.34 per Class E Share, which was determined based on the most recent transactional net asset value per share on that date, for an aggregate purchase price of $110,000. On August 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 5,784,361 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.40 per Class E Share, which was determined based on the most recent transactional net asset value per share on that date, for an aggregate purchase price of $152,727. On October 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 9,649,998 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.66 per Class E Share, which was determined based on the most recent transactional net asset value per share on that date, for an aggregate purchase price of $257,281. Management Agreement On September 25, 2023, the Company entered into an Amended and Restated Management Agreem ent with the Manager (the “Management Agreement”). Pursuant to the Management Agreement, the Manager is responsible for sourcing, evaluating and monitoring the Company’s acquisition opportunities and making recommendations to the Company’s executive committee related to the acquisition, management, financing and disposition of the Company’s assets, in accordance with the Company’s objectives, guidelines, policies and limitations, subject to oversight by the Board. Pursuant to the Management Agreement, the Manager is entitled to receive a management fee (the “Management Fee”) from the Company in an amount equal to (i) 1.25% per annum of the month-end NAV attributable to Class D Shares, Class I Shares and Class S Shares, (ii) 1.00% per annum of the month-end NAV for a 60-month period following June 1, 2023 (the “Initial Offering”) attributable to Class U Shares, Class R-D Shares, Class R-S Shares and Class R Shares (provided, in the case of Class U Shares, Class R-S Shares and Class R Shares, that such Class U Shares, Class R-S Shares and Class R Shares are purchased by an investor as part of an intermediary’s aggregate subscription for at least $100,000 during the 12-month period following the Initial Offering) and 1.25% per annum of the month-end NAV attributable to Class U Shares, Class R-D Shares, Class R-S Shares and Class R Shares thereafter, each before giving effect to any accruals for certain fees and expenses. Such Management Fee is calculated based on the Company’s transactional net asset value which is the price at which the Company sells and repurchases its Shares. KKR or its affiliates (and in the case of directors’ fees, KKR executives) are expected to be paid transaction fees and monitoring fees in connection with the acquisition, ownership, control and exit of Infrastructure Assets, and KKR or its affiliates are expected to be entitled to receive “break-up” or similar fees in connection with unconsummated transactions (“Other Fees”). The Management Fee payable in any monthly period is subject to reduction, but not below zero, by an amount equal to any Other Fees allocable to Investor Shares pursuant to the terms of the Management Agreement. For the year ended December 31, 2023, the Manager earned $4,255 in gross Management Fees, which were offset by $3,062 of Other Fees, resulting in $1,193 of net Management Fees. As of December 31, 2023, there are unapplied credits of $6,533 to be carried forward that relate to Other Fees earned. On September 28, 2023, the Company issued a total of approximately 33,480 Class F Shares to the Manager as payment of the Management Fees due under the Management Agreement, representing payment in satisfaction of an aggregate Management Fee of approximately $888 for services rendered by the Manager in accordance with the terms of the Management Agreement. The Manager has submitted a standing election notice to the Company to receive the Management Fee for future periods in Class F Shares in lieu of cash. On October 2, 2023, the Company issued approximately 11,460 Class F Shares to the Manager, which represents payment in satisfaction of a Management Fee of approximately $305 for services rendered by the Manager in September 2023, in accordance with the terms of the Management Agreement. The foregoing Class F Shares were issued to the Manager in reliance upon the exemption from registration set forth in Section 4(a)(2) of the Securities Act. As of December 31, 2023, the Company does not owe a net Management Fee to the Manager. Pursuant to the Management Agreement, such amounts earned may be offset by the Manager against amounts due to the Company from the Manager. Performance Participation Allocation Under the LLC Agreement, for as long as the Management Agreement has not been terminated, the Class H Members may receive a Performance Participation Allocation from the Company. KKR is allocated a “Performance Participation Allocation” equal to 12.5% of the Total Return attributable to Investor Shares subject to the annual Hurdle Amount and a High Water Mark, with a 100% Catch-Up (each as defined in the LLC Agreement). Such allocation will be measured and allocated or paid annually (excluding the initial Reference Period, as defined in the LLC Agreement) and accrued monthly (subject to pro-rating for partial periods). KKR may elect to receive the Performance Participation Allocation in cash and/or Class F Shares. Specifically, promptly following the end of each Reference Period (and at other times as described below), KKR is allocated a Performance Participation Allocation in an amount equal to: • First, if the Total Return for the applicable period exceeds the sum of (i) the Hurdle Amount for that period and (ii) the Loss Carryforward Amount (any such excess, “Excess Profits”), 100% of such Excess Profits until the total amount allocated to KKR equals 12.5% of the sum of (x) the Hurdle Amount for that period and (y) any amount allocated to KKR pursuant to this clause (any such amount, the “Catch-Up”); and • Second, to the extent there are remaining Excess Profits, 12.5% of such remaining Excess Profits. KKR will also be allocated a Performance Participation Allocation with respect to all Investor Shares that are repurchased in connection with repurchases of Shares in an amount calculated as described above with the relevant period being the portion of the “Reference Period” (which is the applicable year beginning on October 1 and ending on September 30 of the next succeeding year, with the initial Reference Period being the period from June 1, 2023 to September 30, 2024) for which such Shares were outstanding, and proceeds for any such Share repurchases will be reduced by the amount of any such Performance Participation Allocation. Such Performance Participation Allocation is calculated based on the Company’s transactional net asset value, which is the price at which the Company sells and repurchases its Shares. If the Performance Participation Allocation is paid in Class F Shares, such Shares may be repurchased at KKR’s request and will be subject to the repurchase limitations of our share repurchase plan. The Consolidated Statements of Operations reflect a $8,335 Performance Participation Allocation for the year ended December 31, 2023. No Performance Participation Allocation accrual was recorded for the year ended December 31, 2022. Distribution Fees and Servicing Fees The Company will pay KKR Capital Markets LLC ongoing distribution and servicing fees (a) of 0.85% of NAV per annum for Class S Shares, Class R-S Shares and Class U Shares only (consisting of a 0.60% distribution fee (the “Distribution Fee”) and a 0.25% shareholder servicing fee (the “Servicing Fee”)), payable monthly in arrears, as they become contractually due and (b) of 0.25% for Class D Shares and Class R-D Shares only (all of which constitutes payment for shareholder services, with no payment for distribution services) in each case as accrued, and payable monthly. Such Distribution Fee and Servicing Fee are calculated based on the Company’s transactional net asset value which is the price at which the Company sells and repurchases its Shares. None of Class I Shares, Class R Shares, Class E Shares, Class F Shares, Class G Shares and/or Class H Shares incur Distribution Fees or Servicing Fees. All or a portion of the Distribution Fee or Servicing Fee may be used to pay for sub-transfer agency, platform, sub-accounting and certain other administrative services. The Dealer-Manager (defined below) generally expects to reallow the Distribution Fee and the Servicing Fee to participating broker dealers or other intermediaries. The Company also pays for certain sub-transfer agency, sub-accounting and administrative services outside of the Distribution Fee and Servicing Fee. Under GAAP, the Company accrues the cost of the Servicing Fees and Distribution Fees, as applicable, for the estimated life of the shares as an offering cost at the time the Company sells Class S Shares, Class U Shares, Class D Shares, Class R-D Shares and Class R-S Shares. As of December 31, 2023, the Company has accrued $51,440 of Servicing Fees and Distribution Fees payable to the Dealer-Manager (defined below) related to the Class U Shares, Class D Shares and Class R-D Shares sold. Expense Limitation and Reimbursement Agreement On December 16, 2023, the Company entered into a Second Amended and Restated Expense Limitation and Reimbursement Agreement (the “Expense Limitation Agreement”) with the Manager, which amended and restated the Amended and Restated Expense Limitation and Reimbursement Agreement, dated as of May 10, 2023. The Expense Limitation Agreement extends the Limitation Period (as defined in the Expense Limitation Agreement) to December 31, 2024. Pursuant to the Expense Limitation Agreement, the Manager will forgo an amount of its monthly management fee and/or pay, absorb or reimburse certain expenses of the Company, to the extent necessary so that, for any fiscal year, the Company’s annual Specified Expenses (defined below) do not exceed 0.60% of the Company’s net assets as of the end of each calendar month. “Specified Expenses” is defined to include all expenses incurred in the business of the Company, including organizational and offering costs, with the exception of (i) the management fee, (ii) the Performance Participation Allocation, (iii) the Servicing Fee, (iv) the Distribution Fee, (v) asset or entity level expenses, (vi) brokerage costs or other investment-related out-of-pocket expenses, including with respect to unconsummated transactions, (vii) dividend/interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Company), (viii) taxes, (ix) ordinary corporate operating expenses (including costs and expenses related to hiring, retaining, and compensating employees and officers of the Company), (x) certain insurance costs and (xi) extraordinary expenses (as determined in the sole discretion of the Manager). The Expense Limitation Agreement will be in effect through and including December 31, 2024, but may be renewed by the mutual agreement of the Manager and the Company for successive terms. Under the Expense Limitation Agreement, the Company has agreed to carry forward the amount of the foregone management fees and/or expenses paid, absorbed or reimbursed by the Manager for a period not to exceed three years from the end of the month in which the Manager waived or reimbursed such fees or expenses and to reimburse the Manager for such fees or expenses in accordance with the Expense Limitation Agreement. As of December 31, 2023, the Manager agreed to reimburse expenses of $11,114 incurred by the Company for the year ended December 31, 2023, pursuant to the Expense Limitation Agreement, respectively. The amounts are subject to recoupment within a three year period. As of December 31, 2023, the Company recorded $16,549 as Due from Manager related to amounts waived under the Expense Limitation Agreement to date and $19,174 as Due to Manager The following table reflects the amounts incurred by the Company and subject to recoupment pursuant to the Expense Limitation Agreement and the expiration for future possible recoupments by the Manager: For the Three Months Ended Amount Last Expiration Date September 30, 2022 $ 3,638 September 30, 2025 December 31, 2022 1,797 December 31, 2025 March 31, 2023 2,963 March 31, 2026 June 30, 2023 1,771 June 30, 2026 September 30, 2023 3,906 September 30, 2026 December 31, 2023 2,474 December 31, 2026 Total $ 16,549 As of December 31, 2023 and December 31, 2022, management believes that it is not probable for the Company to be required to reimburse the expenses waived by the Manager. Dealer-Manager Agreement On September 25, 2023, the Company entered into an Amended and Restated Dealer-Manager Agreement (as amended from time to time, the “Dealer-Manager Agreement”) with KKR Capital Markets LLC (the “Dealer-Manager”). Pursuant to the Dealer-Manager Agreement, the Dealer-Manager solicits sales of the Company’s Shares authorized for issue in accordance with the Company’s confidential Private Placement Memorandum (the “PPM”) and provides certain administrative and shareholder services to the Company, subject to the terms and conditions set forth in the Dealer-Manager Agreement. The Dealer-Manager receives certain front-end sales charges, Distribution Fees, Servicing Fees and certain other fees as described in the PPM.

Shareholders_ Equity

Shareholders’ Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity The following table is a summary of the Shares issued and repurchased during the year ended December 31, 2023 and Shares outstanding as of December 31, 2023: Shares Outstanding as of December 31, 2022 Shares Issued During the Period Shares Repurchased During the Period Shares Reinvested Under the DRIP During the Period Transfers In Transfers Out Shares Outstanding as of December 31, 2023 Class I Shares — 131,691 — — — — 131,691 Class U Shares — 28,018,234 — 69,995 — — 28,088,229 Class R-D Shares — 348,540 — — 4,536 — 353,076 Class R Shares — 16,615,471 — 55,675 — — 16,671,146 Class D Shares — 4,889 — 29 — (4,538) 380 Class E Shares — 27,410,557 (27,410,517) — — — 40 Class F Shares — 49,822 — 8 — — 49,830 Class G Shares 40 — — — — — 40 Class H Shares — 40 — — — — 40 Total 40 72,579,244 (27,410,517) 125,707 4,536 (4,538) 45,294,472 The consideration from each class of Shares issued, as applicable, and the aggregate purchase price of Class E Shares repurchased pursuant to the KKR Share Repurchase Arrangement for the year ended December 31, 2023 were as follows: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Class G Shares Class H Shares Total Consideration from the issuance of shares $ 3,447 $ 729,015 $ 9,125 $ 432,288 $ 128 $ 701,295 $ 1,322 $ — $ 1 $ 1,876,621 Repurchases of shares — — — — — (715,008) — — — (715,008) DRIP reinvestment of shares — 1,840 — 1,464 1 — — — — 3,305 Transfers in — — 119 — — — — — — 119 Transfers out — — — — (119) — — — — (119) Distribution Reinvestment Plan The Company adopted a Distribution Reinvestment Plan (the “DRIP”) in which cash distributions to holders of the Company’s Shares will automatically be reinvested in additional whole and fractional Shares attributable to the class of Shares that a Shareholder owns unless such holders elect to receive distributions in cash. Shareholders may terminate their participation in the DRIP with prior written notice to us. Under the DRIP, Shareholders’ distributions are reinvested in Shares of the same class owned by the Shareholder for a purchase price equal to the most recently available NAV per Share. Shareholders will not pay a sales load when purchasing Shares under the DRIP; however, Class S Shares, Class D Shares, Class U Shares, Class R-S Shares and Class R-D Shares, including those issued under the DRIP, will be subject to ongoing distribution and servicing. On October 25, 2023, pursuant to the DRIP, the Company issued approximately 8 Class F Shares, approximately 69,995 Class U Shares, approximately 55,675 Class R Shares and approximately 29 Class D Shares for aggregate consideration of $3,305 from the reinvestment in shares of the Company for shareholders participating in the DRIP. Share Repurchases The Company offers a share repurchase plan pursuant to which, on a quarterly basis, Shareholders may request that we repurchase all or any portion of their Shares. The Company may repurchase fewer Shares than have been requested in any particular quarter to be repurchased under our share repurchase plan, or none at all, in our discretion at any time. In addition, the aggregate net asset value (“NAV”) of total repurchases of Class S Shares, Class D Shares, Class U Shares, Class I Shares, Class R-S Shares, Class R-D Shares, Class R Shares and/or Class F Shares under our share repurchase plan will be limited to no more than 5% of our aggregate NAV per calendar quarter (measured using the average aggregate NAV attributable to Shareholders as of the end of the immediately preceding calendar quarter). As of December 31, 2023, the Company has not repurchased any Shares under the share repurchase plan. Repurchase Arrangement for Class E Shares held by KKR On the last calendar day of each month the Company offers to repurchase Class E Shares from KKR having an aggregate NAV (the “Monthly Repurchase Amount”) equal to (i) the net proceeds from new subscriptions accepted during such month less (ii) the aggregate repurchase amount (excluding any amount of the aggregate repurchase price paid using Excess Operating Cash Flow (defined below)) of Shares repurchased by the Company during such month pursuant to our share repurchase plan. In addition to the Monthly Repurchase Amount for the applicable month, the Company will offer to repurchase any Monthly Repurchase Amounts from prior months that have not yet been repurchased. The price per Class E Share for repurchases from KKR will be the transaction price in effect for the Class E Shares at the time of repurchase. This repurchase arrangement is not subject to any time limit and will continue until the Company has repurchased all of KKR’s Class E Shares. Other than the Monthly Repurchase Amount limitation, the share repurchase arrangement for KKR is not subject to the repurchase limitations in our share repurchase plan. “Excess Operating Cash Flow” means, for any given quarter, the Company’s net cash provided by operating activities, if any, less any amounts of such cash used, or designated for use, to pay distributions to Shareholders. Notwithstanding the foregoing, no repurchase offer will be made to KKR during any month in which (1) the 5% quarterly repurchase limitation of its share repurchase plan has been decreased or (2) the full amount of all Shares requested to be repurchased under our share repurchase plan is not repurchased. Additionally, the Company may elect not to offer to repurchase shares from KKR, or may offer to purchase less than the Monthly Repurchase Amount, if, in the Company’s judgment, the Company determines that offering to repurchase the full Monthly Repurchase Amount would place an undue burden on the Company’s liquidity, adversely affect its operations or risk having an adverse impact on the Company as a whole. Further, the Company’s Board may modify, suspend or terminate this share repurchase arrangement if it deems such action to be in the Company’s best interests and the best interests of its Shareholders. KKR will not request that its Class E Shares be repurchased under our share repurchase plan. On June 30, 2023, pursuant to the Company’s KKR Share Repurchase Arrangement, effective April 28, 2023 (as amended, the “KKR Share Repurchase Arrangement”), the Company repurchased 7,800,000 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $25.00 per Class E Share, which may be at a price less than the transactional net asset value per share on that date, for an aggregate purchase price of $195,000. On July 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 4,176,158 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.34 per Class E Share, which was determined based on the most recent transactional net value per share on that date, for an aggregate purchase price of $110,000. On August 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 5,784,361 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.40 per Class E Share, which was determined based on the most recent transactional net value per share on that date, for an aggregate purchase price of $152,727. On October 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 9,649,998 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.66 per Class E Share, which was determined based on the most recent transactional net value per share on that date, for an aggregate purchase price of $257,281. Distributions Each class of the Company’s shares receives the same gross distribution per share, when distributions are declared on such class. The net distribution varies for each class based on the estimated applicable shareholder servicing fees and distribution fees, which is deducted from the monthly distribution per share and paid directly to the Dealer-Manager on a monthly basis in arrears, as they become contractually due. The following table details aggregate distributions per share declared for each applicable class of the Company’s shares: For the Year Ended December 31, 2023 Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Aggregate gross distributions declared per share $ 0.5100 $ 0.5100 $ 0.2700 $ 0.5100 $ 0.5100 $ 0.5100 $ 0.4500 Shareholder servicing fees and distribution fees $ — $ 0.1118 $ 0.0166 $ — $ 0.0329 $ — $ — Net distributions declared per share $ 0.5100 $ 0.3982 $ 0.2534 $ 0.5100 $ 0.4771 $ 0.5100 $ 0.4500 The distributions for each class of shares were payable to holders of record at the close of business at the end of each calendar month from July 31, 2023 through December 31, 2023, with payments on October 25, 2023 and January 25, 2024. The net distributions will be paid in cash or reinvested in shares of the Company for shareholders participating in the Company’s DRIP. The following table reflects the aggregate distributions declared during the year ended December 31, 2023: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Total First Quarter $ — $ — $ — $ — $ — $ — $ — $ — Second Quarter $ — $ — $ — $ — $ — $ — $ — $ — Third Quarter $ (5) $ (2,455) $ — $ (2,009) $ (1) $ (347) $ (4) $ (4,821) Fourth Quarter $ (29) $ (5,296) $ (70) $ (4,072) $ — $ — $ (13) $ (9,480) Total $ (34) $ (7,751) $ (70) $ (6,081) $ (1) $ (347) $ (17) $ (14,301)

Distributions

Distributions	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Distributions	Shareholders’ Equity The following table is a summary of the Shares issued and repurchased during the year ended December 31, 2023 and Shares outstanding as of December 31, 2023: Shares Outstanding as of December 31, 2022 Shares Issued During the Period Shares Repurchased During the Period Shares Reinvested Under the DRIP During the Period Transfers In Transfers Out Shares Outstanding as of December 31, 2023 Class I Shares — 131,691 — — — — 131,691 Class U Shares — 28,018,234 — 69,995 — — 28,088,229 Class R-D Shares — 348,540 — — 4,536 — 353,076 Class R Shares — 16,615,471 — 55,675 — — 16,671,146 Class D Shares — 4,889 — 29 — (4,538) 380 Class E Shares — 27,410,557 (27,410,517) — — — 40 Class F Shares — 49,822 — 8 — — 49,830 Class G Shares 40 — — — — — 40 Class H Shares — 40 — — — — 40 Total 40 72,579,244 (27,410,517) 125,707 4,536 (4,538) 45,294,472 The consideration from each class of Shares issued, as applicable, and the aggregate purchase price of Class E Shares repurchased pursuant to the KKR Share Repurchase Arrangement for the year ended December 31, 2023 were as follows: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Class G Shares Class H Shares Total Consideration from the issuance of shares $ 3,447 $ 729,015 $ 9,125 $ 432,288 $ 128 $ 701,295 $ 1,322 $ — $ 1 $ 1,876,621 Repurchases of shares — — — — — (715,008) — — — (715,008) DRIP reinvestment of shares — 1,840 — 1,464 1 — — — — 3,305 Transfers in — — 119 — — — — — — 119 Transfers out — — — — (119) — — — — (119) Distribution Reinvestment Plan The Company adopted a Distribution Reinvestment Plan (the “DRIP”) in which cash distributions to holders of the Company’s Shares will automatically be reinvested in additional whole and fractional Shares attributable to the class of Shares that a Shareholder owns unless such holders elect to receive distributions in cash. Shareholders may terminate their participation in the DRIP with prior written notice to us. Under the DRIP, Shareholders’ distributions are reinvested in Shares of the same class owned by the Shareholder for a purchase price equal to the most recently available NAV per Share. Shareholders will not pay a sales load when purchasing Shares under the DRIP; however, Class S Shares, Class D Shares, Class U Shares, Class R-S Shares and Class R-D Shares, including those issued under the DRIP, will be subject to ongoing distribution and servicing. On October 25, 2023, pursuant to the DRIP, the Company issued approximately 8 Class F Shares, approximately 69,995 Class U Shares, approximately 55,675 Class R Shares and approximately 29 Class D Shares for aggregate consideration of $3,305 from the reinvestment in shares of the Company for shareholders participating in the DRIP. Share Repurchases The Company offers a share repurchase plan pursuant to which, on a quarterly basis, Shareholders may request that we repurchase all or any portion of their Shares. The Company may repurchase fewer Shares than have been requested in any particular quarter to be repurchased under our share repurchase plan, or none at all, in our discretion at any time. In addition, the aggregate net asset value (“NAV”) of total repurchases of Class S Shares, Class D Shares, Class U Shares, Class I Shares, Class R-S Shares, Class R-D Shares, Class R Shares and/or Class F Shares under our share repurchase plan will be limited to no more than 5% of our aggregate NAV per calendar quarter (measured using the average aggregate NAV attributable to Shareholders as of the end of the immediately preceding calendar quarter). As of December 31, 2023, the Company has not repurchased any Shares under the share repurchase plan. Repurchase Arrangement for Class E Shares held by KKR On the last calendar day of each month the Company offers to repurchase Class E Shares from KKR having an aggregate NAV (the “Monthly Repurchase Amount”) equal to (i) the net proceeds from new subscriptions accepted during such month less (ii) the aggregate repurchase amount (excluding any amount of the aggregate repurchase price paid using Excess Operating Cash Flow (defined below)) of Shares repurchased by the Company during such month pursuant to our share repurchase plan. In addition to the Monthly Repurchase Amount for the applicable month, the Company will offer to repurchase any Monthly Repurchase Amounts from prior months that have not yet been repurchased. The price per Class E Share for repurchases from KKR will be the transaction price in effect for the Class E Shares at the time of repurchase. This repurchase arrangement is not subject to any time limit and will continue until the Company has repurchased all of KKR’s Class E Shares. Other than the Monthly Repurchase Amount limitation, the share repurchase arrangement for KKR is not subject to the repurchase limitations in our share repurchase plan. “Excess Operating Cash Flow” means, for any given quarter, the Company’s net cash provided by operating activities, if any, less any amounts of such cash used, or designated for use, to pay distributions to Shareholders. Notwithstanding the foregoing, no repurchase offer will be made to KKR during any month in which (1) the 5% quarterly repurchase limitation of its share repurchase plan has been decreased or (2) the full amount of all Shares requested to be repurchased under our share repurchase plan is not repurchased. Additionally, the Company may elect not to offer to repurchase shares from KKR, or may offer to purchase less than the Monthly Repurchase Amount, if, in the Company’s judgment, the Company determines that offering to repurchase the full Monthly Repurchase Amount would place an undue burden on the Company’s liquidity, adversely affect its operations or risk having an adverse impact on the Company as a whole. Further, the Company’s Board may modify, suspend or terminate this share repurchase arrangement if it deems such action to be in the Company’s best interests and the best interests of its Shareholders. KKR will not request that its Class E Shares be repurchased under our share repurchase plan. On June 30, 2023, pursuant to the Company’s KKR Share Repurchase Arrangement, effective April 28, 2023 (as amended, the “KKR Share Repurchase Arrangement”), the Company repurchased 7,800,000 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $25.00 per Class E Share, which may be at a price less than the transactional net asset value per share on that date, for an aggregate purchase price of $195,000. On July 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 4,176,158 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.34 per Class E Share, which was determined based on the most recent transactional net value per share on that date, for an aggregate purchase price of $110,000. On August 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 5,784,361 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.40 per Class E Share, which was determined based on the most recent transactional net value per share on that date, for an aggregate purchase price of $152,727. On October 31, 2023, pursuant to the KKR Share Repurchase Arrangement, the Company repurchased 9,649,998 Class E Shares of the Company from KKR Alternative Assets LLC at a price of $26.66 per Class E Share, which was determined based on the most recent transactional net value per share on that date, for an aggregate purchase price of $257,281. Distributions Each class of the Company’s shares receives the same gross distribution per share, when distributions are declared on such class. The net distribution varies for each class based on the estimated applicable shareholder servicing fees and distribution fees, which is deducted from the monthly distribution per share and paid directly to the Dealer-Manager on a monthly basis in arrears, as they become contractually due. The following table details aggregate distributions per share declared for each applicable class of the Company’s shares: For the Year Ended December 31, 2023 Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Aggregate gross distributions declared per share $ 0.5100 $ 0.5100 $ 0.2700 $ 0.5100 $ 0.5100 $ 0.5100 $ 0.4500 Shareholder servicing fees and distribution fees $ — $ 0.1118 $ 0.0166 $ — $ 0.0329 $ — $ — Net distributions declared per share $ 0.5100 $ 0.3982 $ 0.2534 $ 0.5100 $ 0.4771 $ 0.5100 $ 0.4500 The distributions for each class of shares were payable to holders of record at the close of business at the end of each calendar month from July 31, 2023 through December 31, 2023, with payments on October 25, 2023 and January 25, 2024. The net distributions will be paid in cash or reinvested in shares of the Company for shareholders participating in the Company’s DRIP. The following table reflects the aggregate distributions declared during the year ended December 31, 2023: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Total First Quarter $ — $ — $ — $ — $ — $ — $ — $ — Second Quarter $ — $ — $ — $ — $ — $ — $ — $ — Third Quarter $ (5) $ (2,455) $ — $ (2,009) $ (1) $ (347) $ (4) $ (4,821) Fourth Quarter $ (29) $ (5,296) $ (70) $ (4,072) $ — $ — $ (13) $ (9,480) Total $ (34) $ (7,751) $ (70) $ (6,081) $ (1) $ (347) $ (17) $ (14,301)

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company was not subject to any material litigation nor was the Company aware of any material litigation threatened against it. Funding Commitments and Others As of December 31, 2023, KKR had unfunded commitments consisting of $33,500 related to its investment in Infrastructure Assets. Indemnification Under the LLC Agreement and organizational documents, the members of the Board, officers of the Company, the Manager, KKR, and their respective affiliates, directors, officers, representatives, agents and employees are indemnified against certain liabilities arising out of the performance of their duties to the Company. In the normal course of business, the Company enters into contracts that contain a variety of representations and that provide general indemnifications. The Company’s maximum liability exposure under these arrangements is unknown, as future claims that have not yet occurred may be made against the Company.

Financial Highlights

Financial Highlights	12 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Financial Highlights	Financial Highlights The following is a schedule of the financial highlights of the Company attributed to each class of shares for the period from June 1, 2023 (commencement of principal operations) through December 31, 2023: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Class G Shares Class H Shares Per share data attributed to shares (1) Net asset value per share at beginning of period (June 1, 2023) $ — $ — $ — $ — $ — $ — $ — $ 25.00 $ — Consideration from the issuance of shares, net 26.17 26.02 26.18 26.02 26.18 25.58 26.53 — 25.00 Repurchases of shares (2) — — — — — 0.51 — — — DRIP reinvestment of shares (2) — 0.26 — 0.28 0.37 — (0.66) — — Transfers in (2) — — 0.12 — — — — — — Transfers out (2) — — — — 0.11 — — — — Accrued shareholder servicing fees and distribution fees (2) — (3.14) (0.70) — (0.11) — — — — Distributions declared (3) (0.51) (0.40) (0.25) (0.51) (0.48) (0.51) (0.45) — — Net investment (loss) income (2) (0.02) 0.05 (0.08) 0.05 0.32 0.04 0.41 0.38 0.38 Net realized gain (loss) and change in unrealized appreciation (depreciation) (2) 1.32 2.37 1.14 1.12 0.22 1.85 1.66 2.56 2.56 Net increase (decrease) in net assets attributed to shareholders $ 0.79 $ (0.86) $ 0.23 $ 0.94 $ 0.43 $ 1.89 $ 0.96 $ 2.94 $ 2.94 Net asset value per share at the end of period (December 31, 2023) $ 26.96 $ 25.16 $ 26.41 $ 26.96 $ 26.61 $ 27.47 $ 27.49 $ 27.94 $ 27.94 Net assets at end of period (December 31, 2023) $ 3,552 $ 706,586 $ 9,328 $ 449,523 $ 11 $ 1 $ 1,369 $ 1 $ 1 Shares outstanding at end of period (December 31, 2023) 131,691 28,088,229 353,076 16,671,146 380 40 49,830 40 40 Weighted average shares outstanding at end of period (December 31, 2023) 62,104 16,694,109 278,559 10,315,650 1,814 2,234,273 32,105 40 40 Ratio/Supplemental data for Shares (not annualized): Ratios to average net asset value: (4) Total operating expenses before Performance Participation Allocation (5) 0.42 % 0.66 % 0.18 % 0.64 % 0.91 % 0.80 % 0.36 % 0.52 % 0.52 % Total operating expenses before expenses reimbursed by Manager (5) (6) 2.19 % 2.91 % 1.10 % 2.77 % 2.71 % 3.23 % 0.99 % 1.80 % 1.80 % Total operating expenses after expenses reimbursed by Manager (5) (6) 1.62 % 1.90 % 0.87 % 1.80 % 1.43 % 0.80 % 0.36 % 0.52 % 0.52 % Total operating expenses after Performance Participation Allocation (5) (7) 1.62 % 1.90 % 0.87 % 1.80 % 1.43 % 0.80 % 0.36 % 0.52 % 0.52 % Net investment income (loss) (5) (0.07) % 0.20 % (0.30) % 0.21 % 1.26 % 0.17 % 1.52 % 1.31 % 1.31 % Total return attributed to Shares based on net asset value (5) (8) 10.46 % (2.12) % 3.11 % 10.40 % 5.10 % 26.32 % 9.41 % 11.00 % 11.00 % (1) Per share data may be rounded in order to recompute the ending net asset value per share. (2) The per share data was derived by using the weighted average shares outstanding during the applicable period. (3) The per share data for distributions declared reflect the actual amount of distributions paid per share during the applicable period. (4) Actual results may not be indicative of future results. Additionally, an individual Shareholder’s ratios may vary from the ratios presented for a share class as a whole. (5) Weighted average net assets during the applicable period are used for this calculation. (6) Ratios presented after accounting for the accrual of the Performance Participation Allocation. (7) Ratios presented after expenses reimbursed by Manager. (8) The Total return is calculated for each share class as the change in the net asset value for such share class during the period plus any distributions per share declared in the period, and assumes any distributions are reinvested in accordance with our distribution reinvestment plan. Amounts are not annualized and are not representative of total return as calculated for purposes of the Performance Participation Allocation as described in “Note 5. Related Party Transactions.” The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by Shareholders in the purchase of the Company’s shares. See “Note 7. Distributions” above, for declarations of distributions for the period from June 1, 2023 (commencement of principal operations) to December 31, 2023.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company operates so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code of 1986, as amended, and not as a publicly traded partnership taxable as a corporation. As such, it will not be subject to any U.S. federal and state income taxes. The Company holds certain equity investments in taxable subsidiaries (the “Taxable Subsidiaries”). The Taxable Subsidiaries permit the Company to hold equity investments in Infrastructure Assets which are “pass through” entities for tax purposes. The Taxable Subsidiaries are not consolidated with the Company for income tax purposes and may generate income tax expense, or benefit, and the related tax assets and liabilities, as a result of the Taxable Subsidiaries’ ownership of certain Infrastructure Assets. Income (loss) before tax expense (benefit) includes the following components: Year Ended December 31, 2023 Income (loss) before income taxes: United States $ (5,049) Foreign 77,523 Total income (loss) before income taxes $ 72,474 The Company incurs income tax expense (benefit) related to is the holdings of certain equity investments in Taxable Subsidiaries. The components of income tax expense (benefit) were as follows during the year ended December 31, 2023: Year Ended December 31, 2023 Current: Federal $ — State and Local — Foreign — Total current income taxes — Deferred: Federal 66 State and Local 16 Foreign — Total deferred income taxes 82 Total income taxes $ 82 The following table reconciles the U.S. Partnership Federal Statutory Tax Rate to the effective income tax rate: Year Ended December 31, 2023 U.S. Partnership Federal Statutory Tax Rate — % Income taxed at federal corporate tax rate 0.1 % State and Local Income Taxes — % Effective income tax rate 0.1 % Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2023 were as follows: Year Ended December 31, 2023 Deferred tax assets: Total deferred tax assets $ — Deferred tax liabilities: Unrealized appreciation on investments 82 Total deferred tax liabilities 82 Deferred tax liabilities, net $ (82) In evaluating the realizability of deferred tax assets, the Company assesses whether it is more likely than not that some portion, or all, of the deferred tax assets, will be realized. The Company considers, among other things, the generation of future taxable income (including reversals of deferred tax assets) during the periods in which the related temporary differences will become deductible. As of December 31, 2023, the Company has no gross deferred tax assets and therefore, no valuation allowance is necessary. Tax Contingencies The Company files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by U.S. federal and certain state, local and foreign tax regulators. As of December 31, 2023, tax year 2023 is subject to examinations by the tax authorities.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Unregistered Sales of Equity Securities On January 1, 2024, the Company sold the following Investor Shares of the Company (with the final number of shares determined on January 19, 2024) to third party investors for cash: Class Number of Shares Sold Consideration Class U Shares 2,930,993 $ 78,974 Class R Shares 1,586,646 $ 42,783 Class R-D Shares 1,669 $ 45 Class I Shares 371 $ 10 On February 1, 2024, the Company sold the following Investor Shares of the Company (with the final number of shares determined on February 23, 2024) to third party investors for cash: Class Number of Shares Sold Consideration Class U Shares 2,774,642 $ 75,081 Class R Shares 2,115,281 $ 57,322 Class R-D Shares 92,298 $ 2,500 Distribution Reinvestment Plan On January 25, 2024, pursuant to the DRIP, the Company issued approximately 152,681 Class U Shares, approximately 2,577 Class R-D Shares, approximately 112,345 Class R Shares, approximately 4 Class D Shares and approximately 11 Class F Shares for aggregate consideration of $7,213 from the reinvestment in shares of the Company for shareholders participating in the DRIP. Share Repurchases The Company has a share repurchase plan, whereby on a quarterly basis, Shareholders may request that the Company repurchase all or any portion of their Shares. The aggregate NAV of total repurchases of Class S Shares, Class D Shares, Class U Shares, Class I Shares, Class R-D Shares, Class R-S Shares, Class R Shares or Class F Shares will be limited to no more that 5.0% of the NAV per calendar quarter (measured using the average aggregate NAV attributable to Shareholders as of the end of the immediately preceding calendar quarter). On February 5, 2024, the Company received requests for the repurchase of approximately $369 of the Company’s Shares. The following table summarizes the Shares repurchased on February 5, 2024: Class Number of Shares Repurchased Gross Consideration 5% Early Repurchase Fee Net Consideration NAV Paid per Share Class U Shares 4,060 $ 109 $ 5 $ 104 $ 26.94 Class R Shares 9,644 260 13 247 $ 26.96 Total 13,704 $ 369 $ 18 $ 351

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements (referred to hereafter as the “financial statements”) are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and are stated in United States (“U.S.”) dollars. The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these consolidated financial statements. Actual results could differ from those estimates. The Company’s consolidated financial statements are prepared using the accounting and reporting guidance under Accounting Standards Codification 946, Financial Services—Investment Companies (“ASC 946”).
Basis of Consolidation	Basis of Consolidation As provided under Regulation S-X and ASC 946, the Company will generally not consolidate its investment in a company other than a wholly owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidates in its consolidated financial statements the accounts of certain wholly owned subsidiaries that meet the criteria. All significant intercompany balances and transactions have been eliminated in consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents
Foreign Currency Translations	Foreign Currency Translation The accounting records of the Company are maintained in U.S. Dollars. The fair value of investments and other assets and liabilities denominated in non-U.S. currencies are translated into U.S. Dollars using the exchange rate at the end of each reporting period. Amounts related to the purchases and sales of investments, investment income and expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net unrealized currency gains and losses arising from valuing foreign currency-denominated investments and liabilities at the current exchange rate are reflected as part of net change in unrealized appreciation (depreciation) on foreign currency translation in the Consolidated Statements of Operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices to be more volatile than those of comparable U.S. companies or U.S. government securities.
Organization Costs	Organization costs are expensed as incurred. Organization costs consist of costs incurred to establish the Company and enable it legally to do business.
Offering Costs	Offering costs include registration fees and legal fees regarding the preparation of the initial registration statement. Offering costs are accounted for as deferred costs until operations begin. Offering costs incurred prior to the Company’s Initial Offering (defined below) are amortized over the first twelve months of operations on a straight-line basis. As of
Valuation of Investments at Fair Value	Valuation of Investments at Fair Value ASC 820, Fair Value Measurement , defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value. The Company recognizes and accounts for its investments at fair value. The fair value of the investments does not reflect transaction costs that may be incurred upon disposition of investments. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instruments’ complexity for disclosure purposes. Assets and liabilities recorded at fair value on the Consolidated Statements of Assets and Liabilities are categorized based upon the level of judgment associated with the inputs used to measure their value. Hierarchical levels, as defined under GAAP, are directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities, and are as follows: Level I — Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level II — Inputs other than quoted prices included in Level I that are observable for the asset or liability, either directly or indirectly. Level II inputs include quoted prices for similar instruments in active markets, and inputs other than quoted prices that are observable for the asset or liability. Level III — Inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. The inputs into the determination of fair value require significant management judgment or estimation. The valuation of our Level III investments at December 31, 2023 represents management’s best estimate of the amounts that we would anticipate realizing on the sale of these investments in an orderly transaction at such date. A significant decrease in the volume and level of activity for the asset or liability is an indication that transactions or quoted prices may not be representative of fair value because in such market conditions there may be increased instances of transactions that are not orderly. In those circumstances, further analysis of transactions or quoted prices is needed, and an adjustment to the transactions or quoted prices may be necessary to estimate fair value. The Board is responsible for overseeing the valuation of the Company’s investments at fair value as determined in good faith pursuant to the Company’s valuation policy. The Board has designated the Manager as the Company’s valuation designee, with day-to-day responsibility for implementing the portfolio valuation process set forth in the Company’s valuation policy. There is no single standard for determining fair values of assets that do not have a readily available market price and, in many cases, such fair values may be best expressed as a range of fair values from which a single estimate may be derived in good faith. As a result, determining fair value requires that judgment be applied to the specific facts and circumstances of each acquisition while employing a valuation process that is consistently followed. Determinations of fair value involve subjective judgments and estimates. When making fair value determinations for Infrastructure Assets that do not have readily available market prices, the Manager considers industry-accepted valuation methodologies, primarily consisting of an income approach and market approach. The income approach derives fair value based on the present value of cash flows that a business or asset is expected to generate in the future. The market approach relies upon valuations for comparable companies, transactions or assets, and includes making judgments about which companies, transactions, or assets are comparable. A blend of approaches may be relied upon in arriving at an estimate of fair value, though there may be instances where it is more appropriate to utilize one approach. It is common to use only the income approach for Infrastructure Assets. The Manager also considers a range of additional factors that it deems relevant, including a potential sale of an Infrastructure Asset, macro and local market conditions, industry information and the Infrastructure Asset’s historical and projected financial data. Infrastructure Assets will generally be valued at transaction price initially; however, to the extent the Manager does not believe an Infrastructure Asset’s transaction price reflects the current market value, the Manager will adjust such valuation. When making fair value determinations for Infrastructure Assets, the Manager will update the prior month-end valuations by incorporating the then current market comparables and discount rate inputs, any material changes to the Infrastructure Assets financial performance since the valuation date, as well as any cash flow activity related to the Infrastructure Assets during the month. The Manager values Infrastructure Assets using the valuation methodology it deems most appropriate and consistent with widely recognized valuation methodologies and market conditions. When making fair value determinations for assets that do not have a reliable readily available market price, the Manager will engage one or more independent valuation firms to provide positive assurance regarding the reasonableness of such valuations as of the relevant measurement date. However, the Manager is ultimately responsible for determining the fair value of all applicable investments in good faith in accordance with the Company’s valuation policies and procedures. Because assets are valued as of a specified valuation date, events occurring subsequent to that date will not be reflected in the Company’s valuations. However, if information indicating a condition that existed at the valuation date becomes available subsequent to the valuation date and before financial information is publicly released, it will be evaluated to determine whether it would have a material impact requiring adjustment of the final valuation. At least annually, the Manager reviews the appropriateness of the Company’s valuation policies and procedures and will recommend any proposed changes to the Board. From time to time, the Board and the Manager may adopt changes to the valuation policies and procedures if they determine that such changes are likely to result in a more accurate reflection of estimated fair value.
Income Taxes	Income Taxes The Company operates so that it will qualify to be treated as a partnership for U.S. federal income tax purposes under the Internal Revenue Code of 1986, as amended, and not as a publicly traded partnership taxable as a corporation. As such, it will not be subject to any U.S. federal and state income taxes. In any year, it is possible that the Company will be considered a publicly traded partnership and will not meet the qualifying income exception, which would result in the Company being treated as a publicly traded partnership and taxed as a corporation, rather than a partnership. In such case, the members would then be treated as shareholders in a corporation, and the Company would become taxable as a corporation for U.S. federal, state and/or local income tax purposes. The Company would be required to pay income tax at corporate rates on its net taxable income. In addition, the Company operates, in part, through subsidiaries that may be treated as corporations for U.S. and non-U.S. tax purposes and therefore may be subject to current and deferred U.S. federal, state and/or local income taxes at the subsidiary level. Deferred Income Taxes Income taxes are accounted for using the asset and liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized in the Consolidated Statements of Operations in the period when the change is enacted. Deferred tax assets, which are recorded in Prepaids and other assets within the Consolidated Statements of Assets and Liabilities, are reduced by a valuation allowance when, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. When evaluating the realizability of the deferred tax assets, all evidence, both positive and negative, is considered. Items considered when evaluating the need for a valuation allowance include the ability to carry back losses, future reversals of existing temporary differences, tax planning strategies, and expectations of future earnings. For a particular tax‑paying component of an entity and within a particular tax jurisdiction, deferred tax assets and liabilities are offset and presented as a single amount within Prepaids and other assets or Other accrued expenses and liabilities, as applicable, in the accompanying Consolidated Statements of Assets and Liabilities. Uncertain Tax Positions The Company analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, the Company determines that uncertainties in tax positions exist, a reserve is established. The reserve for uncertain tax positions is recorded in Other accrued expenses and liabilities in the accompanying Consolidated Statements of Assets and Liabilities. The Company recognizes accrued interest and penalties related to uncertain tax positions within the provision for income taxes in the Consolidated Statements of Operations. The Company records uncertain tax positions on the basis of a two‑step process: (a) determination is made whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (b) those tax positions that meet the more‑likely‑than‑not threshold are recognized as the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Calculation of Net Asset Value	Calculation of Net Asset Value Net asset value (“NAV”) under GAAP by share class is calculated by subtracting total liabilities for each class from the total carrying amount of all assets for that class, which includes the fair value of investments. At the end of each month, any change in our NAV (whether an increase or decrease) is allocated among each share class based on the relative percentage of the previous aggregate NAV for each share class, adjusted for issuances of shares that were effective on the first calendar day of such month and repurchases that were effective on the last calendar day of such month. Net asset value per share for each class is calculated by dividing the net asset value for that class by the total number of outstanding shares of that class on the reporting date. The Manager is ultimately responsible for the Company’s NAV calculations.
Revenue Recognition	Revenue Recognition Dividend income from our Infrastructure Assets is recorded on the ex-dividend date, or, in the absence of a formal declaration of a record date, on the date when cash is received from the relevant Infrastructure Assets, but excludes any portion of distributions that are treated as a return of capital. Each distribution received from an Infrastructure Asset is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. Dividend income from money market funds with financial institutions is recorded on an accrual basis to the extent that the Company expects to collect such amounts.
Net Realized Gains or Losses and Net Change in Unrealized Appreciation (Depreciation) on Investments	Net Realized Gains or Losses and Net Change in Unrealized Appreciation (Depreciation) on Investments Without regard to unrealized appreciation or depreciation previously recognized, realized gains or losses will be measured as the difference between the net proceeds from the sale, repayment, or disposal of an asset and the adjusted cost basis of the asset. Net change in unrealized appreciation or depreciation will reflect the change in investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized.
Derivative Instruments	Derivative Instruments The Company enters into foreign currency forward contracts to hedge against foreign currency exchange rate risk on its non-U.S. dollar denominated securities or to facilitate settlement of foreign currency denominated Infrastructure Asset transactions. A foreign currency forward contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. These contracts are marked-to-market by recognizing the difference between the contract forward exchange rate and the forward market exchange rate on the last day of the period as unrealized appreciation or depreciation. When a foreign currency forward contract is closed, through either delivery or offset by entering into another foreign currency forward contract, the Company recognizes realized appreciation or depreciation equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Foreign currency forward contracts involve elements of market risk in excess of the amounts reflected on the Consolidated Statements of Assets and Liabilities. The Company’s primary risk related to hedging is the risk of an unfavorable change in the foreign exchange rate underlying the foreign currency forward contract.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summarized Infrastructure Assets Financial Information	The following tables present audited summarized operating data for the year ended December 31, 2023 and summarized balance sheet data as of December 31, 2023 for the above Infrastructure Assets in the aggregate in which the Company has an indirect equity interest: Summarized Operating Data: December 31, 2023 Revenues $ 9,584,500 Expenses 9,329,360 Income before taxes 255,140 Income tax expense 75,191 Consolidated net income 179,949 Net income attributable to non-controlling interests (11,096) Net income $ 168,853 The net income above represents the aggregated net income attributable to the controlling interests in each of the Company’s Infrastructure Assets and does not represent the Company’s proportionate share of income. Summarized Balance Sheet Data: December 31, 2023 Current assets $ 3,780,102 Noncurrent assets 47,052,635 Current liabilities 6,008,552 Noncurrent liabilities 20,836,434 Non-controlling interests 2,425,388 Equity 21,562,363

Fair Value Measurements - Inv_2

Fair Value Measurements - Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Investments, by Major Class	The following table presents fair value measurements of investments, by major class, as of December 31, 2023, according to the fair value hierarchy: Valuation Inputs Investments Level I Level II Level III Fair Value Infrastructure Assets $ — $ — $ 983,552 $ 983,552 Unrealized appreciation on foreign currency forward contracts — 28 — 28 Unrealized depreciation on foreign currency forward contracts — (18,890) — (18,890) Investments in Money Market Funds 278,417 — — 278,417 Total $ 278,417 $ (18,862) $ 983,552 $ 1,243,107
Schedule of Reconciliation of Infrastructure Assets, Level III Inputs	The following table provides a reconciliation of the beginning and ending balances for investments that use Level III inputs for the year ended December 31, 2023: Investments Balance as of December 31, 2022 Purchases and contributions in kind Net change in unrealized appreciation on investments Net change in unrealized appreciation on foreign currency translation Balance as of December 31, 2023 Infrastructure Assets $ — $ 895,257 $ 56,179 $ 32,116 $ 983,552 Total $ — $ 895,257 $ 56,179 $ 32,116 $ 983,552
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table presents the quantitative information about Level III fair value measurements of the Company’s Infrastructure Assets as of December 31, 2023: Level III Assets Fair Value December 31, 2023 Valuation Methodology & Inputs Unobservable Input(s) (1) Weighted Average (2) Range Impact to Valuation from an Increase in Input (3) Infrastructure Assets $983,552 Inputs to market comparables, discounted cash flow and transaction price/other Illiquidity Discount 5.1% 5.0% - 10.0% Decrease Weight Ascribed to Market Comparables 4.0% 0.0% - 25.0% (4) Weight Ascribed to Discounted Cash Flow 94.6% 0.0% - 100.0% (5) Weight Ascribed to Transaction Price/Other 1.4% 0.0% - 100.0% (6) Market Comparables Enterprise Value / Forward EBITDA Multiple 10.5x 10.5x - 10.5x Increase Discounted Cash Flow Weighted Average Cost of Capital 9.7% 6.7% - 12.1% Decrease Enterprise Value / LTM EBITDA Exit Multiple 13.9x 9.5x - 21.0x Increase (1) In determining the inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies, and company-specific developments including exit strategies and realization opportunities. The Manager has determined that market participants would take these inputs into account when valuing the investments. “LTM” means Last Twelve Months. (2) Inputs are weighted based on fair value of the investments included in the range. (3) Unless otherwise noted, this column represents the directional change in the fair value of the Level III investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. (4) The directional change from an increase in the weight ascribed to the market comparables approach would increase the fair value of the Level III investments if the market comparables approach results in a higher valuation than the discounted cash flow approach and transaction price approach. The opposite would be true if the market comparables approach results in a lower valuation than the discounted cash flow approach and transaction price approach. (5) The directional change from an increase in the weight ascribed to the discounted cash flow approach would increase the fair value of the Level III investments if the discounted cash flow approach results in a higher valuation than the market comparables approach and transaction price approach. The opposite would be true if the discounted cash flow approach results in a lower valuation than the market comparables approach and transaction price approach. (6) The directional change from an increase in the weight ascribed to the transaction price approach would increase the fair value of the Level III investments if the transaction price approach results in a higher valuation than the market comparables approach and discounted cash flow approach. The opposite would be true if the transaction price approach results in a lower valuation than the market comparables approach and discounted cash flow approach. Valuations involve subjective judgments and may not accurately reflect realizable value. The assumptions above are determined by the Manager and reviewed by the Manager’s independent valuation advisor. A change in these assumptions or factors would impact the calculation of the value of our assets.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Subject to Recoupment Pursuant to the Expense Limitation Agreement	The following table reflects the amounts incurred by the Company and subject to recoupment pursuant to the Expense Limitation Agreement and the expiration for future possible recoupments by the Manager: For the Three Months Ended Amount Last Expiration Date September 30, 2022 $ 3,638 September 30, 2025 December 31, 2022 1,797 December 31, 2025 March 31, 2023 2,963 March 31, 2026 June 30, 2023 1,771 June 30, 2026 September 30, 2023 3,906 September 30, 2026 December 31, 2023 2,474 December 31, 2026 Total $ 16,549

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Stock by Class	The following table is a summary of the Shares issued and repurchased during the year ended December 31, 2023 and Shares outstanding as of December 31, 2023: Shares Outstanding as of December 31, 2022 Shares Issued During the Period Shares Repurchased During the Period Shares Reinvested Under the DRIP During the Period Transfers In Transfers Out Shares Outstanding as of December 31, 2023 Class I Shares — 131,691 — — — — 131,691 Class U Shares — 28,018,234 — 69,995 — — 28,088,229 Class R-D Shares — 348,540 — — 4,536 — 353,076 Class R Shares — 16,615,471 — 55,675 — — 16,671,146 Class D Shares — 4,889 — 29 — (4,538) 380 Class E Shares — 27,410,557 (27,410,517) — — — 40 Class F Shares — 49,822 — 8 — — 49,830 Class G Shares 40 — — — — — 40 Class H Shares — 40 — — — — 40 Total 40 72,579,244 (27,410,517) 125,707 4,536 (4,538) 45,294,472 The consideration from each class of Shares issued, as applicable, and the aggregate purchase price of Class E Shares repurchased pursuant to the KKR Share Repurchase Arrangement for the year ended December 31, 2023 were as follows: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Class G Shares Class H Shares Total Consideration from the issuance of shares $ 3,447 $ 729,015 $ 9,125 $ 432,288 $ 128 $ 701,295 $ 1,322 $ — $ 1 $ 1,876,621 Repurchases of shares — — — — — (715,008) — — — (715,008) DRIP reinvestment of shares — 1,840 — 1,464 1 — — — — 3,305 Transfers in — — 119 — — — — — — 119 Transfers out — — — — (119) — — — — (119)

Distributions (Tables)

Distributions (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Distributions Declared	The following table details aggregate distributions per share declared for each applicable class of the Company’s shares: For the Year Ended December 31, 2023 Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Aggregate gross distributions declared per share $ 0.5100 $ 0.5100 $ 0.2700 $ 0.5100 $ 0.5100 $ 0.5100 $ 0.4500 Shareholder servicing fees and distribution fees $ — $ 0.1118 $ 0.0166 $ — $ 0.0329 $ — $ — Net distributions declared per share $ 0.5100 $ 0.3982 $ 0.2534 $ 0.5100 $ 0.4771 $ 0.5100 $ 0.4500 The following table reflects the aggregate distributions declared during the year ended December 31, 2023: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Total First Quarter $ — $ — $ — $ — $ — $ — $ — $ — Second Quarter $ — $ — $ — $ — $ — $ — $ — $ — Third Quarter $ (5) $ (2,455) $ — $ (2,009) $ (1) $ (347) $ (4) $ (4,821) Fourth Quarter $ (29) $ (5,296) $ (70) $ (4,072) $ — $ — $ (13) $ (9,480) Total $ (34) $ (7,751) $ (70) $ (6,081) $ (1) $ (347) $ (17) $ (14,301)

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Schedule of Financial Highlights	The following is a schedule of the financial highlights of the Company attributed to each class of shares for the period from June 1, 2023 (commencement of principal operations) through December 31, 2023: Class I Shares Class U Shares Class R-D Shares Class R Shares Class D Shares Class E Shares Class F Shares Class G Shares Class H Shares Per share data attributed to shares (1) Net asset value per share at beginning of period (June 1, 2023) $ — $ — $ — $ — $ — $ — $ — $ 25.00 $ — Consideration from the issuance of shares, net 26.17 26.02 26.18 26.02 26.18 25.58 26.53 — 25.00 Repurchases of shares (2) — — — — — 0.51 — — — DRIP reinvestment of shares (2) — 0.26 — 0.28 0.37 — (0.66) — — Transfers in (2) — — 0.12 — — — — — — Transfers out (2) — — — — 0.11 — — — — Accrued shareholder servicing fees and distribution fees (2) — (3.14) (0.70) — (0.11) — — — — Distributions declared (3) (0.51) (0.40) (0.25) (0.51) (0.48) (0.51) (0.45) — — Net investment (loss) income (2) (0.02) 0.05 (0.08) 0.05 0.32 0.04 0.41 0.38 0.38 Net realized gain (loss) and change in unrealized appreciation (depreciation) (2) 1.32 2.37 1.14 1.12 0.22 1.85 1.66 2.56 2.56 Net increase (decrease) in net assets attributed to shareholders $ 0.79 $ (0.86) $ 0.23 $ 0.94 $ 0.43 $ 1.89 $ 0.96 $ 2.94 $ 2.94 Net asset value per share at the end of period (December 31, 2023) $ 26.96 $ 25.16 $ 26.41 $ 26.96 $ 26.61 $ 27.47 $ 27.49 $ 27.94 $ 27.94 Net assets at end of period (December 31, 2023) $ 3,552 $ 706,586 $ 9,328 $ 449,523 $ 11 $ 1 $ 1,369 $ 1 $ 1 Shares outstanding at end of period (December 31, 2023) 131,691 28,088,229 353,076 16,671,146 380 40 49,830 40 40 Weighted average shares outstanding at end of period (December 31, 2023) 62,104 16,694,109 278,559 10,315,650 1,814 2,234,273 32,105 40 40 Ratio/Supplemental data for Shares (not annualized): Ratios to average net asset value: (4) Total operating expenses before Performance Participation Allocation (5) 0.42 % 0.66 % 0.18 % 0.64 % 0.91 % 0.80 % 0.36 % 0.52 % 0.52 % Total operating expenses before expenses reimbursed by Manager (5) (6) 2.19 % 2.91 % 1.10 % 2.77 % 2.71 % 3.23 % 0.99 % 1.80 % 1.80 % Total operating expenses after expenses reimbursed by Manager (5) (6) 1.62 % 1.90 % 0.87 % 1.80 % 1.43 % 0.80 % 0.36 % 0.52 % 0.52 % Total operating expenses after Performance Participation Allocation (5) (7) 1.62 % 1.90 % 0.87 % 1.80 % 1.43 % 0.80 % 0.36 % 0.52 % 0.52 % Net investment income (loss) (5) (0.07) % 0.20 % (0.30) % 0.21 % 1.26 % 0.17 % 1.52 % 1.31 % 1.31 % Total return attributed to Shares based on net asset value (5) (8) 10.46 % (2.12) % 3.11 % 10.40 % 5.10 % 26.32 % 9.41 % 11.00 % 11.00 % (1) Per share data may be rounded in order to recompute the ending net asset value per share. (2) The per share data was derived by using the weighted average shares outstanding during the applicable period. (3) The per share data for distributions declared reflect the actual amount of distributions paid per share during the applicable period. (4) Actual results may not be indicative of future results. Additionally, an individual Shareholder’s ratios may vary from the ratios presented for a share class as a whole. (5) Weighted average net assets during the applicable period are used for this calculation. (6) Ratios presented after accounting for the accrual of the Performance Participation Allocation. (7) Ratios presented after expenses reimbursed by Manager. (8) The Total return is calculated for each share class as the change in the net asset value for such share class during the period plus any distributions per share declared in the period, and assumes any distributions are reinvested in accordance with our distribution reinvestment plan. Amounts are not annualized and are not representative of total return as calculated for purposes of the Performance Participation Allocation as described in “Note 5. Related Party Transactions.” The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by Shareholders in the purchase of the Company’s shares. See “Note 7. Distributions” above, for declarations of distributions for the period from June 1, 2023 (commencement of principal operations) to December 31, 2023.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	Income (loss) before tax expense (benefit) includes the following components: Year Ended December 31, 2023 Income (loss) before income taxes: United States $ (5,049) Foreign 77,523 Total income (loss) before income taxes $ 72,474
Schedule of Components of Income Tax Expense (Benefit)	The Company incurs income tax expense (benefit) related to is the holdings of certain equity investments in Taxable Subsidiaries. The components of income tax expense (benefit) were as follows during the year ended December 31, 2023: Year Ended December 31, 2023 Current: Federal $ — State and Local — Foreign — Total current income taxes — Deferred: Federal 66 State and Local 16 Foreign — Total deferred income taxes 82 Total income taxes $ 82
Schedule of Effective Income Tax Rate Reconciliation	The following table reconciles the U.S. Partnership Federal Statutory Tax Rate to the effective income tax rate: Year Ended December 31, 2023 U.S. Partnership Federal Statutory Tax Rate — % Income taxed at federal corporate tax rate 0.1 % State and Local Income Taxes — % Effective income tax rate 0.1 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2023 were as follows: Year Ended December 31, 2023 Deferred tax assets: Total deferred tax assets $ — Deferred tax liabilities: Unrealized appreciation on investments 82 Total deferred tax liabilities 82 Deferred tax liabilities, net $ (82)

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Schedule of Subsequent Events	On January 1, 2024, the Company sold the following Investor Shares of the Company (with the final number of shares determined on January 19, 2024) to third party investors for cash: Class Number of Shares Sold Consideration Class U Shares 2,930,993 $ 78,974 Class R Shares 1,586,646 $ 42,783 Class R-D Shares 1,669 $ 45 Class I Shares 371 $ 10 On February 1, 2024, the Company sold the following Investor Shares of the Company (with the final number of shares determined on February 23, 2024) to third party investors for cash: Class Number of Shares Sold Consideration Class U Shares 2,774,642 $ 75,081 Class R Shares 2,115,281 $ 57,322 Class R-D Shares 92,298 $ 2,500
Schedule of Repurchase of Shares	The following table summarizes the Shares repurchased on February 5, 2024: Class Number of Shares Repurchased Gross Consideration 5% Early Repurchase Fee Net Consideration NAV Paid per Share Class U Shares 4,060 $ 109 $ 5 $ 104 $ 26.94 Class R Shares 9,644 260 13 247 $ 26.96 Total 13,704 $ 369 $ 18 $ 351

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2022		Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Organization costs	$ 5,385,000	[1]	$ 3,333,000
Offering cost amortization , period (in months)			12 months
Offering costs			$ 1,983,000
Deferred offering costs amortization	0	[1]	1,156,000
Foreign currency forward contracts	0		8,335,000	$ 0
Accrued performance participation allocation	$ 0	[1]	$ 8,335,000	$ 0
Total Return | Class H Shares
Related Party Transaction [Line Items]
Related party transaction rate (as a percent)			12.50%
Hurdle Amount | Class H Shares
Related Party Transaction [Line Items]
Related party transaction rate (as a percent)			5%
Catch-Up Rate | Class H Shares
Related Party Transaction [Line Items]
Related party transaction rate (as a percent)			100%
[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	[1]	Dec. 31, 2023
Income Statement [Abstract]
Income tax expense			$ 82
Net increase in net assets resulting from operations	$ 0		72,391
Investment Company, Nonconsolidated Subsidiaries
Income Statement [Abstract]
Revenues			9,584,500
Expenses			9,329,360
Income before taxes			255,140
Income tax expense			75,191
Consolidated net income			179,949
Net income attributable to non-controlling interests			(11,096)
Net increase in net assets resulting from operations			168,853
Statement of Financial Position [Abstract]
Current assets			3,780,102
Noncurrent assets			47,052,635
Current liabilities			6,008,552
Noncurrent liabilities			20,836,434
Non-controlling interests			2,425,388
Equity			$ 21,562,363
[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Fair Value Measurements - Inv_3

Fair Value Measurements - Investments - Schedule of Fair Value Measurements of Investments by Major Class (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Infrastructure Assets	$ 983,552	$ 0
Unrealized appreciation on foreign currency forward contracts	28	0
Unrealized depreciation on foreign currency forward contracts	(18,890)	$ 0
Investments in Money Market Funds	278,417
Total Investments and Cash Equivalents	1,243,107
Level I
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Infrastructure Assets	0
Unrealized appreciation on foreign currency forward contracts	0
Unrealized depreciation on foreign currency forward contracts	0
Investments in Money Market Funds	278,417
Total Investments and Cash Equivalents	278,417
Level II
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Infrastructure Assets	0
Unrealized appreciation on foreign currency forward contracts	28
Unrealized depreciation on foreign currency forward contracts	(18,890)
Investments in Money Market Funds	0
Total Investments and Cash Equivalents	(18,862)
Level III
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Infrastructure Assets	983,552
Unrealized appreciation on foreign currency forward contracts	0
Unrealized depreciation on foreign currency forward contracts	0
Investments in Money Market Funds	0
Total Investments and Cash Equivalents	$ 983,552

Fair Value Measurements - Inv_4

Fair Value Measurements - Investments - Schedule of Investment Holdings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Infrastructure Assets [Roll Forward]
Balance as of December 31, 2022	$ 0
Purchases and contributions in kind	895,257
Net change in unrealized appreciation on investments	56,179
Net change in unrealized appreciation on foreign currency translation	32,116
Balance as of December 31, 2023	983,552
Infrastructure Assets
Infrastructure Assets [Roll Forward]
Balance as of December 31, 2022	0
Purchases and contributions in kind	895,257
Net change in unrealized appreciation on investments	56,179
Net change in unrealized appreciation on foreign currency translation	32,116
Balance as of December 31, 2023	$ 983,552

Fair Value Measurements - Inv_5

Fair Value Measurements - Investments - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022	[1]	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Investments	$ 0		$ 56,179
Foreign currency translation	$ 0		$ 32,116
[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Fair Value Measurements - Inv_6

Fair Value Measurements - Investments - Schedule of Quantitative Information (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Infrastructure assets, estimated fair value	$ 983,552	$ 0
Level III
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Infrastructure assets, estimated fair value	$ 983,552
Weighted Average | Level III | Illiquidity Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.051
Weighted Average | Level III | Weight Ascribed to Market Comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.040
Weighted Average | Level III | Weight Ascribed to Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.946
Weighted Average | Level III | Weight Ascribed to Transaction Price/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.014
Weighted Average | Level III | Enterprise Value / Forward EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	10.5
Weighted Average | Level III | Weighted Average Cost of Capital
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.097
Weighted Average | Level III | Enterprise Value / LTM EBITDA Exit Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	13.9
Minimum | Level III | Illiquidity Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.050
Minimum | Level III | Weight Ascribed to Market Comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0
Minimum | Level III | Weight Ascribed to Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0
Minimum | Level III | Weight Ascribed to Transaction Price/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0
Minimum | Level III | Enterprise Value / Forward EBITDA Multiple | Market Comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	10.5
Minimum | Level III | Weighted Average Cost of Capital | Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.067
Minimum | Level III | Enterprise Value / LTM EBITDA Exit Multiple | Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	9.5
Maximum | Level III | Illiquidity Discount
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.100
Maximum | Level III | Weight Ascribed to Market Comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.250
Maximum | Level III | Weight Ascribed to Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1
Maximum | Level III | Weight Ascribed to Transaction Price/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	1
Maximum | Level III | Enterprise Value / Forward EBITDA Multiple | Market Comparables
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	10.5
Maximum | Level III | Weighted Average Cost of Capital | Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	0.121
Maximum | Level III | Enterprise Value / LTM EBITDA Exit Multiple | Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input	21

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)

3 Months Ended

12 Months Ended

18 Months Ended

Oct. 31, 2023

Oct. 02, 2023

Sep. 28, 2023

Sep. 25, 2023

Aug. 31, 2023

Jul. 31, 2023

Jun. 30, 2023

Jun. 02, 2023

Oct. 25, 2022

Dec. 31, 2023

Sep. 30, 2023

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

Dec. 31, 2022

Sep. 30, 2022

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2023

Jun. 01, 2023

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

72,579,244

Consideration from the issuance of shares

$ 1,876,621,000

Number of Shares Repurchased

27,410,517

Aggregate purchase price of shares repurchased

$ 715,008,000

Management fee expense, net

$ 0

[1]

1,193,000

Performance participation allocation

0

[1]

8,335,000

$ 0

Accrued shareholder servicing fees and distribution fees

$ 51,440,000

$ 0

0

51,440,000

0

$ 51,440,000

Reimbursed expenses

5,435,000

[1]

$ 11,114,000

Recoupment period

3 years

Due from Manager

$ 16,549,000

$ 5,435,000

$ 5,435,000

$ 16,549,000

$ 5,435,000

$ 16,549,000

Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]

Manager

Manager

Manager

Manager

Manager

Manager

Due to Manager

$ 19,174,000

$ 0

$ 0

$ 19,174,000

$ 0

$ 19,174,000

Accounts Payable, Related Party, Type [Extensible Enumeration]

Manager

Manager

Manager

Manager

Manager

Manager

Class F Shares issued as payment of Management fees

$ (1,193,000)

Class G Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

0

Consideration from the issuance of shares

$ 0

Number of Shares Repurchased

0

Aggregate purchase price of shares repurchased

$ 0

Class E Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

27,410,557

Consideration from the issuance of shares

$ 701,295,000

Number of Shares Repurchased

27,410,517

Aggregate purchase price of shares repurchased

$ 715,008,000

Class H Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

40

Consideration from the issuance of shares

$ 1,000

Number of Shares Repurchased

0

Aggregate purchase price of shares repurchased

$ 0

Class H Shares | Total Return

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

12.50%

Class H Shares | Catch-Up Rate

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

100%

Class H Shares | Excess Profits

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

100%

Class H Shares | Remaining Excess Profits

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

12.50%

Class F Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

49,822

Consideration from the issuance of shares

$ 1,322,000

Number of Shares Repurchased

0

Aggregate purchase price of shares repurchased

$ 0

Class U, Class D And Class R-D Shares | Distribution Fees and Servicing Fees

Related Party Transaction [Line Items]

Accrued shareholder servicing fees and distribution fees

$ 51,440,000

$ 51,440,000

$ 51,440,000

Manager | Expense Limitation and Reimbursement Agreement

Related Party Transaction [Line Items]

Agreement term (in years)

3 years

Manager | Expense Limitation and Reimbursement Agreement | Maximum

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

0.60%

Affiliated Entity

Related Party Transaction [Line Items]

Initial offering period (in months)

60 months

Minimum aggregate subscriptions required

$ 100,000

Minimum aggregate subscription, purchase period (in months)

12 months

Gross management fees

$ 4,255,000

Management fee offset

3,062,000

Management fee expense, net

1,193,000

Unapplied credits

6,533,000

$ 6,533,000

6,533,000

Reimbursed expenses

$ 2,474,000

$ 3,906,000

$ 1,771,000

$ 2,963,000

$ 1,797,000

$ 3,638,000

$ 16,549,000

Class F Shares issued as payment of Management fees

$ 305,000

$ 888,000

Affiliated Entity | Management Fee Rate Attributable to Class D, I and S Shares

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

1.25%

Affiliated Entity | Management Fee Rate Attributable to Class U, R-D and R Shares Following Acceptance of Initial Subscription of Shares

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

1%

Affiliated Entity | Management Fee Percentage Attributable to Class U, R-D and R Shares Thereafter

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

1.25%

Affiliated Entity | Class F Shares

Related Party Transaction [Line Items]

Number of Shares Repurchased

11,460

33,480

KKR Group Asset Holdings III L.P. | Affiliated Entity | Class G Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

40

Consideration from the issuance of shares

$ 1,000

KKR Alternative Assets LLC | Subsidiaries | Class E Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

9,650,038

17,760,519

Consideration from the issuance of shares

$ 257,282,000

$ 444,013,000

Price per share (in dollars per share)

$ 26.66

$ 25

$ 25

Number of Shares Repurchased

9,649,998

5,784,361

4,176,158

7,800,000

Repurchase price per share (in dollars per share)

$ 26.66

$ 26.40

$ 26.34

$ 25

Aggregate purchase price of shares repurchased

$ 257,281,000

$ 152,727,000

$ 110,000,000

$ 195,000,000

K-INFRA GP LLC | Subsidiaries | Class H Shares

Related Party Transaction [Line Items]

Number of Shares Sold (in shares)

40

Consideration from the issuance of shares

$ 1,000

Price per share (in dollars per share)

$ 25

$ 25

KKR Capital Markets LLC | Affiliated Entity | Class D and R-D Shares | Servicing Fee

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

0.25%

KKR Capital Markets LLC | Affiliated Entity | Class S, Class R-S And Class U Shares | Distribution Fees and Servicing Fees

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

0.85%

KKR Capital Markets LLC | Affiliated Entity | Class S, Class R-S And Class U Shares | Distribution Fee

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

0.60%

KKR Capital Markets LLC | Affiliated Entity | Class S, Class R-S And Class U Shares | Servicing Fee

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

0.25%

KKR Capital Markets LLC | Affiliated Entity | Class I, Class R, Class E, Class F, Class G And/Or Class H Shares | Distribution Fees and Servicing Fees

Related Party Transaction [Line Items]

Related party transaction rate (as a percent)

0%

[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Related Party Transactions - Sc

Related Party Transactions - Schedule of Subject to Recoupment Pursuant to the Expense Limitation Agreement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended	18 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2022	[1]	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Reimbursed expenses						$ 5,435			$ 11,114
Affiliated Entity
Related Party Transaction [Line Items]
Reimbursed expenses	$ 2,474	$ 3,906	$ 1,771	$ 2,963	$ 1,797			$ 3,638		$ 16,549
[1]Represents the period from September 23, 2022 (date of formation) to December 31, 2022.

Shareholders_ Equity - Schedule

Shareholders’ Equity - Schedule of Shares Issued and Repurchased (Details) - shares		12 Months Ended
	Oct. 25, 2023	Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		40
Shares Issued During the Period		72,579,244
Shares Repurchased During the Period		(27,410,517)
Shares Reinvested Under the DRIP During the Period		125,707
Transfers In		4,536
Transfers Out		(4,538)
Shares Outstanding as of December 31, 2023		45,294,472
Class I Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		131,691
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period		0
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		131,691
Class U Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		28,018,234
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period	69,995	69,995
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		28,088,229
Class R-D Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		348,540
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period		0
Transfers In		4,536
Transfers Out		0
Shares Outstanding as of December 31, 2023		353,076
Class R Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		16,615,471
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period	55,675	55,675
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		16,671,146
Class D Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		4,889
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period	29	29
Transfers In		0
Transfers Out		(4,538)
Shares Outstanding as of December 31, 2023		380
Class E Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		27,410,557
Shares Repurchased During the Period		(27,410,517)
Shares Reinvested Under the DRIP During the Period		0
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		40
Class F Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		49,822
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period	8	8
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		49,830
Class G Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		40
Shares Issued During the Period		0
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period		0
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		40
Class H Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Outstanding as of December 31, 2022		0
Shares Issued During the Period		40
Shares Repurchased During the Period		0
Shares Reinvested Under the DRIP During the Period		0
Transfers In		0
Transfers Out		0
Shares Outstanding as of December 31, 2023		40

Shareholders_ Equity - Schedu_2

Shareholders’ Equity - Schedule of Shares Sold and Aggregate Purchase Price of Shares Repurchased (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Class of Stock [Line Items]
Consideration from the issuance of shares	$ 1,876,621
Repurchases of shares	(715,008)
DRIP reinvestment of shares	3,305
Transfers in	119
Transfers out	(119)
Class I Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	3,447
Repurchases of shares	0
DRIP reinvestment of shares	0
Transfers in	0
Transfers out	0
Class U Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	729,015
Repurchases of shares	0
DRIP reinvestment of shares	1,840
Transfers in	0
Transfers out	0
Class R-D Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	9,125
Repurchases of shares	0
DRIP reinvestment of shares	0
Transfers in	119
Transfers out	0
Class R Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	432,288
Repurchases of shares	0
DRIP reinvestment of shares	1,464
Transfers in	0
Transfers out	0
Class D Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	128
Repurchases of shares	0
DRIP reinvestment of shares	1
Transfers in	0
Transfers out	(119)
Class E Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	701,295
Repurchases of shares	(715,008)
DRIP reinvestment of shares	0
Transfers in	0
Transfers out	0
Class F Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	1,322
Repurchases of shares	0
DRIP reinvestment of shares	0
Transfers in	0
Transfers out	0
Class G Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	0
Repurchases of shares	0
DRIP reinvestment of shares	0
Transfers in	0
Transfers out	0
Class H Shares
Class of Stock [Line Items]
Consideration from the issuance of shares	1
Repurchases of shares	0
DRIP reinvestment of shares	0
Transfers in	0
Transfers out	$ 0

Shareholders_ Equity - Narrativ

Shareholders’ Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands						12 Months Ended
	Oct. 31, 2023	Oct. 25, 2023	Aug. 31, 2023	Jul. 31, 2023	Jun. 30, 2023	Dec. 31, 2023
Class of Stock [Line Items]
Number of Shares Repurchased						27,410,517
Aggregate purchase price of shares repurchased						$ 715,008
Shares Reinvested Under the DRIP During the Period						125,707
DRIP reinvestment shares						$ 3,305
Class F Shares
Class of Stock [Line Items]
Number of Shares Repurchased						0
Aggregate purchase price of shares repurchased						$ 0
Shares Reinvested Under the DRIP During the Period		8				8
DRIP reinvestment shares						$ 0
Class U Shares
Class of Stock [Line Items]
Number of Shares Repurchased						0
Aggregate purchase price of shares repurchased						$ 0
Shares Reinvested Under the DRIP During the Period		69,995				69,995
DRIP reinvestment shares						$ 1,840
Class R Shares
Class of Stock [Line Items]
Number of Shares Repurchased						0
Aggregate purchase price of shares repurchased						$ 0
Shares Reinvested Under the DRIP During the Period		55,675				55,675
DRIP reinvestment shares						$ 1,464
Class D Shares
Class of Stock [Line Items]
Number of Shares Repurchased						0
Aggregate purchase price of shares repurchased						$ 0
Shares Reinvested Under the DRIP During the Period		29				29
DRIP reinvestment shares						$ 1
Class S, Class D, Class U, Class I, Class R-S, Class R-D, Class R And Class F Shares
Class of Stock [Line Items]
Share repurchase limitation, maximum percentage (as a percent)						5%
Class E Shares
Class of Stock [Line Items]
Number of Shares Repurchased						27,410,517
Aggregate purchase price of shares repurchased						$ 715,008
Share repurchase limitation, maximum percentage (as a percent)						5%
Shares Reinvested Under the DRIP During the Period						0
DRIP reinvestment shares						$ 0
Class E Shares | KKR Alternative Assets LLC | Subsidiaries
Class of Stock [Line Items]
Number of Shares Repurchased	9,649,998		5,784,361	4,176,158	7,800,000
Aggregate purchase price of shares repurchased	$ 257,281		$ 152,727	$ 110,000	$ 195,000
Repurchase price per share (in dollars per share)	$ 26.66		$ 26.40	$ 26.34	$ 25

Distributions - Schedule of Agg

Distributions - Schedule of Aggregate Distribution Declared (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares
Class I Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	$ 0.5100
Shareholder servicing fees and distribution fees (in dollars per share)	0
Net distributions declared per share (in dollars per share)	0.5100
Class U Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	0.5100
Shareholder servicing fees and distribution fees (in dollars per share)	0.1118
Net distributions declared per share (in dollars per share)	0.3982
Class R-D Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	0.2700
Shareholder servicing fees and distribution fees (in dollars per share)	0.0166
Net distributions declared per share (in dollars per share)	0.2534
Class R Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	0.5100
Shareholder servicing fees and distribution fees (in dollars per share)	0
Net distributions declared per share (in dollars per share)	0.5100
Class D Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	0.5100
Shareholder servicing fees and distribution fees (in dollars per share)	0.0329
Net distributions declared per share (in dollars per share)	0.4771
Class E Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	0.5100
Shareholder servicing fees and distribution fees (in dollars per share)	0
Net distributions declared per share (in dollars per share)	0.5100
Class F Shares
Class of Stock [Line Items]
Aggregate gross distributions declared per share (in dollars per share)	0.4500
Shareholder servicing fees and distribution fees (in dollars per share)	0
Net distributions declared per share (in dollars per share)	$ 0.4500

Distributions - Schedule of Tot

Distributions - Schedule of Total Distributions Declared (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2023
Class of Stock [Line Items]
Distributions declared	$ (9,480)	$ (4,821)	$ 0	$ 0	$ (14,301)
Class I Shares
Class of Stock [Line Items]
Distributions declared	(29)	(5)	0	0	(34)
Class U Shares
Class of Stock [Line Items]
Distributions declared	(5,296)	(2,455)	0	0	(7,751)
Class R-D Shares
Class of Stock [Line Items]
Distributions declared	(70)	0	0	0	(70)
Class R Shares
Class of Stock [Line Items]
Distributions declared	(4,072)	(2,009)	0	0	(6,081)
Class D Shares
Class of Stock [Line Items]
Distributions declared	0	(1)	0	0	(1)
Class E Shares
Class of Stock [Line Items]
Distributions declared	0	(347)	0	0	(347)
Class F Shares
Class of Stock [Line Items]
Distributions declared	$ (13)	$ (4)	$ 0	$ 0	$ (17)

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Unfunded Commitment Related To Investment In Infrastructure Assets
Other Commitments [Line Items]
Other commitment	$ 33,500

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands	7 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investment Company, Financial Highlights [Line Items]
Net assets at end of period (December 31, 2023)	$ 1,170,372	$ 1
Shares outstanding at end of period (December 31, 2023)	45,294,472	40
Class I Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	26.17
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	0
Distribution declared (in dollars per share)	(0.51)
Net investment (loss) income (in dollars per share)	(0.02)
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	1.32
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	0.79
Net asset value per share at end of period (in dollars per share)	$ 26.96
Net assets at end of period (December 31, 2023)	$ 3,552	$ 0
Shares outstanding at end of period (December 31, 2023)	131,691	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.42%
Total operating expenses before expenses reimbursed by Manager (as a percent)	2.19%
Total operating expenses after expenses reimbursed by Manager (as a percent)	1.62%
Total operating expenses after Performance Participation Allocation (as a percent)	1.62%
Net investment income (loss) (as a percent)	(0.07%)
Total return attributed to Shares based on net asset value (as a percent)	10.46%
Class I Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	62,104
Class U Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	26.02
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0.26
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	(3.14)
Distribution declared (in dollars per share)	(0.40)
Net investment (loss) income (in dollars per share)	0.05
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	2.37
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	(0.86)
Net asset value per share at end of period (in dollars per share)	$ 25.16
Net assets at end of period (December 31, 2023)	$ 706,586	$ 0
Shares outstanding at end of period (December 31, 2023)	28,088,229	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.66%
Total operating expenses before expenses reimbursed by Manager (as a percent)	2.91%
Total operating expenses after expenses reimbursed by Manager (as a percent)	1.90%
Total operating expenses after Performance Participation Allocation (as a percent)	1.90%
Net investment income (loss) (as a percent)	0.20%
Total return attributed to Shares based on net asset value (as a percent)	(2.12%)
Class U Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	16,694,109
Class R-D Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	26.18
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0
Transfers in (in dollars per share)	0.12
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	(0.70)
Distribution declared (in dollars per share)	(0.25)
Net investment (loss) income (in dollars per share)	(0.08)
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	1.14
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	0.23
Net asset value per share at end of period (in dollars per share)	$ 26.41
Net assets at end of period (December 31, 2023)	$ 9,328	$ 0
Shares outstanding at end of period (December 31, 2023)	353,076	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.18%
Total operating expenses before expenses reimbursed by Manager (as a percent)	1.10%
Total operating expenses after expenses reimbursed by Manager (as a percent)	0.87%
Total operating expenses after Performance Participation Allocation (as a percent)	0.87%
Net investment income (loss) (as a percent)	(0.30%)
Total return attributed to Shares based on net asset value (as a percent)	3.11%
Class R-D Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	278,559
Class R Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	26.02
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0.28
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	0
Distribution declared (in dollars per share)	(0.51)
Net investment (loss) income (in dollars per share)	0.05
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	1.12
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	0.94
Net asset value per share at end of period (in dollars per share)	$ 26.96
Net assets at end of period (December 31, 2023)	$ 449,523	$ 0
Shares outstanding at end of period (December 31, 2023)	16,671,146	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.64%
Total operating expenses before expenses reimbursed by Manager (as a percent)	2.77%
Total operating expenses after expenses reimbursed by Manager (as a percent)	1.80%
Total operating expenses after Performance Participation Allocation (as a percent)	1.80%
Net investment income (loss) (as a percent)	0.21%
Total return attributed to Shares based on net asset value (as a percent)	10.40%
Class R Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	10,315,650
Class D Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	26.18
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0.37
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0.11
Accrued shareholder servicing fees and distribution fees (in dollars per share)	(0.11)
Distribution declared (in dollars per share)	(0.48)
Net investment (loss) income (in dollars per share)	0.32
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	0.22
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	0.43
Net asset value per share at end of period (in dollars per share)	$ 26.61
Net assets at end of period (December 31, 2023)	$ 11	$ 0
Shares outstanding at end of period (December 31, 2023)	380	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.91%
Total operating expenses before expenses reimbursed by Manager (as a percent)	2.71%
Total operating expenses after expenses reimbursed by Manager (as a percent)	1.43%
Total operating expenses after Performance Participation Allocation (as a percent)	1.43%
Net investment income (loss) (as a percent)	1.26%
Total return attributed to Shares based on net asset value (as a percent)	5.10%
Class D Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	1,814
Class E Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	25.58
Repurchases of shares (in dollars per share)	0.51
DRIP reinvestment of shares (in dollars per shares)	0
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	0
Distribution declared (in dollars per share)	(0.51)
Net investment (loss) income (in dollars per share)	0.04
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	1.85
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	1.89
Net asset value per share at end of period (in dollars per share)	$ 27.47
Net assets at end of period (December 31, 2023)	$ 1	$ 0
Shares outstanding at end of period (December 31, 2023)	40	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.80%
Total operating expenses before expenses reimbursed by Manager (as a percent)	3.23%
Total operating expenses after expenses reimbursed by Manager (as a percent)	0.80%
Total operating expenses after Performance Participation Allocation (as a percent)	0.80%
Net investment income (loss) (as a percent)	0.17%
Total return attributed to Shares based on net asset value (as a percent)	26.32%
Class E Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	2,234,273
Class F Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	26.53
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	(0.66)
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	0
Distribution declared (in dollars per share)	(0.45)
Net investment (loss) income (in dollars per share)	0.41
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	1.66
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	0.96
Net asset value per share at end of period (in dollars per share)	$ 27.49
Net assets at end of period (December 31, 2023)	$ 1,369	$ 0
Shares outstanding at end of period (December 31, 2023)	49,830	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.36%
Total operating expenses before expenses reimbursed by Manager (as a percent)	0.99%
Total operating expenses after expenses reimbursed by Manager (as a percent)	0.36%
Total operating expenses after Performance Participation Allocation (as a percent)	0.36%
Net investment income (loss) (as a percent)	1.52%
Total return attributed to Shares based on net asset value (as a percent)	9.41%
Class F Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	32,105
Class G Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 25
Consideration from the issuance of shares, net (in dollars per share)	0
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	0
Distribution declared (in dollars per share)	0
Net investment (loss) income (in dollars per share)	0.38
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	2.56
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	2.94
Net asset value per share at end of period (in dollars per share)	$ 27.94
Net assets at end of period (December 31, 2023)	$ 1	$ 1
Shares outstanding at end of period (December 31, 2023)	40	40
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.52%
Total operating expenses before expenses reimbursed by Manager (as a percent)	1.80%
Total operating expenses after expenses reimbursed by Manager (as a percent)	0.52%
Total operating expenses after Performance Participation Allocation (as a percent)	0.52%
Net investment income (loss) (as a percent)	1.31%
Total return attributed to Shares based on net asset value (as a percent)	11%
Class G Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	40
Class H Shares
Investment Company, Financial Highlights [Line Items]
Net asset value per share at beginning of period (in dollars per share)	$ 0
Consideration from the issuance of shares, net (in dollars per share)	25
Repurchases of shares (in dollars per share)	0
DRIP reinvestment of shares (in dollars per shares)	0
Transfers in (in dollars per share)	0
Transfers out (in dollars per share)	0
Accrued shareholder servicing fees and distribution fees (in dollars per share)	0
Distribution declared (in dollars per share)	0
Net investment (loss) income (in dollars per share)	0.38
Net realized gain (loss) and change in unrealized appreciation (depreciation) (in dollars per share)	2.56
Net increase (decrease) in net assets attributed to shareholders (in dollars per share)	2.94
Net asset value per share at end of period (in dollars per share)	$ 27.94
Net assets at end of period (December 31, 2023)	$ 1	$ 0
Shares outstanding at end of period (December 31, 2023)	40	0
Ratio/Supplemental data for Shares (not annualized):
Total operating expenses before Performance Participation Allocation (as a percent)	0.52%
Total operating expenses before expenses reimbursed by Manager (as a percent)	1.80%
Total operating expenses after expenses reimbursed by Manager (as a percent)	0.52%
Total operating expenses after Performance Participation Allocation (as a percent)	0.52%
Net investment income (loss) (as a percent)	1.31%
Total return attributed to Shares based on net asset value (as a percent)	11%
Class H Shares | Weighted Average
Investment Company, Financial Highlights [Line Items]
Shares outstanding at end of period (December 31, 2023)	40

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income before Income Tax, Domestic and Foreign (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Income (loss) before income taxes:
United States	$ (5,049)
Foreign	77,523
Total income (loss) before income taxes	$ 72,474

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Current:
Federal	$ 0
State and Local	0
Foreign	0
Total current income taxes	0
Deferred:
Federal	66
State and Local	16
Foreign	0
Total deferred income taxes	82
Total income taxes	$ 82

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S. Partnership Federal Statutory Tax Rate	0%
Income taxed at federal corporate tax rate	0.10%
State and Local Income Taxes	0%
Effective income tax rate	0.10%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Deferred tax assets:
Total deferred tax assets	$ 0
Deferred tax liabilities:
Unrealized appreciation on investments	82
Total deferred tax liabilities	82
Deferred tax liabilities, net	$ (82)

Subsequent Events - Schedule of

Subsequent Events - Schedule of Issued and Sold Investor Shares (Details) - USD ($) $ in Thousands			12 Months Ended
	Feb. 01, 2024	Jan. 01, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Number of Shares Sold (in shares)			72,579,244
Consideration			$ 1,876,621
Class U Shares
Subsequent Event [Line Items]
Number of Shares Sold (in shares)			28,018,234
Consideration			$ 729,015
Class U Shares | Subsequent Event
Subsequent Event [Line Items]
Number of Shares Sold (in shares)	2,774,642	2,930,993
Consideration	$ 75,081	$ 78,974
Class R Shares
Subsequent Event [Line Items]
Number of Shares Sold (in shares)			16,615,471
Consideration			$ 432,288
Class R Shares | Subsequent Event
Subsequent Event [Line Items]
Number of Shares Sold (in shares)	2,115,281	1,586,646
Consideration	$ 57,322	$ 42,783
Class R-D Shares
Subsequent Event [Line Items]
Number of Shares Sold (in shares)			348,540
Consideration			$ 9,125
Class R-D Shares | Subsequent Event
Subsequent Event [Line Items]
Number of Shares Sold (in shares)	92,298	1,669
Consideration	$ 2,500	$ 45
Class I Shares
Subsequent Event [Line Items]
Number of Shares Sold (in shares)			131,691
Consideration			$ 3,447
Class I Shares | Subsequent Event
Subsequent Event [Line Items]
Number of Shares Sold (in shares)		371
Consideration		$ 10

Subsequent Events - Narratives

Subsequent Events - Narratives (Details) - USD ($) $ in Thousands						12 Months Ended
	Feb. 05, 2024	Feb. 01, 2024	Jan. 25, 2024	Jan. 01, 2024	Oct. 25, 2023	Dec. 31, 2023
Subsequent Event [Line Items]
Number of shares sold						72,579,244
Consideration from the issuance of shares						$ 1,876,621
Aggregate purchase price of shares repurchased						$ 715,008
DRIP reinvestment of shares (in shares)						125,707
DRIP reinvestment of shares						$ 3,305
Subsequent Event
Subsequent Event [Line Items]
Aggregate purchase price of shares repurchased	$ 369
Class U Shares
Subsequent Event [Line Items]
Number of shares sold						28,018,234
Consideration from the issuance of shares						$ 729,015
Aggregate purchase price of shares repurchased						$ 0
DRIP reinvestment of shares (in shares)					69,995	69,995
DRIP reinvestment of shares						$ 1,840
Class U Shares | Subsequent Event
Subsequent Event [Line Items]
Number of shares sold		2,774,642		2,930,993
Consideration from the issuance of shares		$ 75,081		$ 78,974
Aggregate purchase price of shares repurchased	109
DRIP reinvestment of shares (in shares)			152,681
Class R-D Shares
Subsequent Event [Line Items]
Number of shares sold						348,540
Consideration from the issuance of shares						$ 9,125
Aggregate purchase price of shares repurchased						$ 0
DRIP reinvestment of shares (in shares)						0
DRIP reinvestment of shares						$ 0
Class R-D Shares | Subsequent Event
Subsequent Event [Line Items]
Number of shares sold		92,298		1,669
Consideration from the issuance of shares		$ 2,500		$ 45
DRIP reinvestment of shares (in shares)			2,577
Class R Shares
Subsequent Event [Line Items]
Number of shares sold						16,615,471
Consideration from the issuance of shares						$ 432,288
Aggregate purchase price of shares repurchased						$ 0
DRIP reinvestment of shares (in shares)					55,675	55,675
DRIP reinvestment of shares						$ 1,464
Class R Shares | Subsequent Event
Subsequent Event [Line Items]
Number of shares sold		2,115,281		1,586,646
Consideration from the issuance of shares		$ 57,322		$ 42,783
Aggregate purchase price of shares repurchased	$ 260
DRIP reinvestment of shares (in shares)			112,345
Class D Shares
Subsequent Event [Line Items]
Number of shares sold						4,889
Consideration from the issuance of shares						$ 128
Aggregate purchase price of shares repurchased						$ 0
DRIP reinvestment of shares (in shares)					29	29
DRIP reinvestment of shares						$ 1
Class D Shares | Subsequent Event
Subsequent Event [Line Items]
DRIP reinvestment of shares (in shares)			4
Class F Shares
Subsequent Event [Line Items]
Number of shares sold						49,822
Consideration from the issuance of shares						$ 1,322
Aggregate purchase price of shares repurchased						$ 0
DRIP reinvestment of shares (in shares)					8	8
DRIP reinvestment of shares						$ 0
Class F Shares | Subsequent Event
Subsequent Event [Line Items]
DRIP reinvestment of shares (in shares)			11
DRIP reinvestment of shares			$ 7,213
Class I Shares
Subsequent Event [Line Items]
Number of shares sold						131,691
Consideration from the issuance of shares						$ 3,447
Aggregate purchase price of shares repurchased						$ 0
DRIP reinvestment of shares (in shares)						0
DRIP reinvestment of shares						$ 0
Class I Shares | Subsequent Event
Subsequent Event [Line Items]
Number of shares sold				371
Consideration from the issuance of shares				$ 10
Class S, Class D, Class U, Class I, Class R-S, Class R-D, Class R And Class F Shares
Subsequent Event [Line Items]
Share repurchase limitation, maximum percentage (as a percent)						5%

Subsequent Events - Schedule _2

Subsequent Events - Schedule of Repurchase of Shares (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Feb. 05, 2024	Dec. 31, 2023	May 31, 2023
Subsequent Event [Line Items]
Number of Shares Repurchased		27,410,517
Gross Consideration		$ 715,008
Class U Shares
Subsequent Event [Line Items]
Number of Shares Repurchased		0
Gross Consideration		$ 0
NAV Paid per Share (in dollars per share)		$ 25.16	$ 0
Class R Shares
Subsequent Event [Line Items]
Number of Shares Repurchased		0
Gross Consideration		$ 0
NAV Paid per Share (in dollars per share)		$ 26.96	$ 0
Subsequent Event
Subsequent Event [Line Items]
Number of Shares Repurchased	13,704
Gross Consideration	$ 369
5% Early Repurchase Fee	18
Net Consideration	$ 351
Subsequent Event | Class U Shares
Subsequent Event [Line Items]
Number of Shares Repurchased	4,060
Gross Consideration	$ 109
5% Early Repurchase Fee	5
Net Consideration	$ 104
NAV Paid per Share (in dollars per share)	$ 26.94
Subsequent Event | Class R Shares
Subsequent Event [Line Items]
Number of Shares Repurchased	9,644
Gross Consideration	$ 260
5% Early Repurchase Fee	13
Net Consideration	$ 247
NAV Paid per Share (in dollars per share)	$ 26.96