SEC filing record
Primary Source · SEC.gov

KKR Next Generation Technology Growth Fund L.P.

Fund Vehicle2016 vintageRule 506(b), Section 3(c), Section 3(c)(7)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

$461M

Investors

22

Min Invest

None stated

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

KKR Next Generation Technology Growth Fund L.P. is a Cayman Islands limited partnership organized in 2015 that first filed a Form D on March 30, 2016 and most recently amended it on December 30, 2016, describing itself as a private equity fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(7) and covers pooled investment fund interests. KKR Next Generation Technology Growth Fund L.P. reported $461,125,950 sold from 22 investors in an offering of indefinite size as of the Form D filed December 30, 2016. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names Bank of Singapore Limited, associated with None; Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD 7691), associated with None; Cygnus Investment Partners LP, associated with None as recipients of sales compensation soliciting in all states. Sales commissions are reported as $3,980,919 and finders' fees as $0. Form D allows these to be estimates. The issuer's address of record is 9 West 57th Street, Suite 4200, New York, NY 10019.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001670292
Entity NameKKR Next Generation Technology Growth Fund L.P.
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationCayman Islands
Year Organized2015
Issuer Address9 West 57th Street, Suite 4200, New York, NY 10019
Phone(212) 750-8300
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled investment fund interests
First Sale DateMarch 31, 2016
Filing DateDecember 30, 2016
Accession Number0001670292-16-000003
Total Offering AmountIndefinite
Total Amount Sold$461,125,950
Total Investors22
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Sales Commissions$3,980,919 (to Bank of Singapore Limited and 2 others)
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment Count3 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

Filing events

0

none on file

Critical / warning

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0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

lapsed

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Fund family Part of the KKR Next Generation Technology Growth Fund family: 5 vehicles across 3 generations · adviser of record Kohlberg Kravis Roberts & Co. L.P. · full family and the filing behind each link in the terminal

Investor

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Adviser of Record (Form ADV)

Kohlberg Kravis Roberts & Co. L.P.

CRD 144533 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund

Auditor named on Form ADV: Deloitte & Touche LLP · PCAOB-registered per the adviser

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

KKR Associates NGT L.P.

Promoter · New York, NY

General Partner of the Issuer

KKR Next Gen Tech Growth Limited

Promoter · New York, NY

General Partner of the General Partner of the Issuer

William J. Janetschek

Director · New York, NY

Director of the General Partner of the General Partner of the Issuer

David J. Sorkin

Director · New York, NY

Director of the General Partner of the General Partner of the Issuer

Todd A. Fisher

Director · New York, NY

Director of the General Partner of the General Partner of the Issuer

Brian A. Bull

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Jason A. Carss

Executive Officer · New York, NY

Assistant Secretary of the General Partner of the General Partner of the Issuer

Herald A. Chen

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Steven F. Codispoti

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Philipp F. Freise

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Terence F. Gallagher

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Stephen F. Jordan

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Christopher B. Lee

Executive Officer · New York, NY

Assistant Secretary of the General Partner of the General Partner of the Issuer

Alexander B. Navab

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Scott C. Nuttall

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Suzanne O. Donohoe

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Richard O. Sarnoff

Executive Officer · New York, NY

Vice President of the General Partner of the General Partner of the Issuer

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Bank of Singapore Limited

Associated broker-dealer: None · Singapore, U0 · Soliciting in all states and outside the United States

Merrill Lynch, Pierce, Fenner & Smith IncorporatedCRD 7691 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in all states and outside the United States

Cygnus Investment Partners LP

Associated broker-dealer: None · Toronto, A6 · Soliciting in all states and outside the United States

Questions About KKR Next Generation Technology Growth Fund L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is KKR Next Generation Technology Growth Fund L.P.?

KKR Next Generation Technology Growth Fund L.P. is a Cayman Islands limited partnership organized in 2015 that filed a Form D with the SEC on December 30, 2016 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is KKR Next Generation Technology Growth Fund L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. KKR Next Generation Technology Growth Fund L.P. filed a Form D with the SEC on December 30, 2016 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $461,125,950 sold to 22 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is KKR Next Generation Technology Growth Fund L.P. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that KKR Next Generation Technology Growth Fund L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has KKR Next Generation Technology Growth Fund L.P. raised?

KKR Next Generation Technology Growth Fund L.P. reported $461,125,950 sold from 22 investors in an offering of indefinite size as of the Form D filed December 30, 2016.

Who can invest in KKR Next Generation Technology Growth Fund L.P.?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in KKR Next Generation Technology Growth Fund L.P.?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling KKR Next Generation Technology Growth Fund L.P. and how are they paid?

The Form D names Bank of Singapore Limited, associated with None; Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD 7691), associated with None; Cygnus Investment Partners LP, associated with None as recipients of sales compensation soliciting in all states. Sales commissions are reported as $3,980,919 and finders' fees as $0. Form D allows these to be estimates.

Who is behind KKR Next Generation Technology Growth Fund L.P.?

The Form D lists 17 related persons: KKR Associates NGT L.P., promoter (General Partner of the Issuer); KKR Next Gen Tech Growth Limited, promoter (General Partner of the General Partner of the Issuer); William J. Janetschek, director (Director of the General Partner of the General Partner of the Issuer); David J. Sorkin, director (Director of the General Partner of the General Partner of the Issuer); Todd A. Fisher, director (Director of the General Partner of the General Partner of the Issuer); Brian A. Bull, executive officer (Vice President of the General Partner of the General Partner of the Issuer); Jason A. Carss, executive officer (Assistant Secretary of the General Partner of the General Partner of the Issuer); Herald A. Chen, executive officer (Vice President of the General Partner of the General Partner of the Issuer), and 9 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is KKR Next Generation Technology Growth Fund L.P. located?

The issuer's address on its SEC filings is 9 West 57th Street, Suite 4200, New York, NY 10019. Its phone number of record is 212-750-8300. It is organized under the laws of Cayman Islands.

How long is the KKR Next Generation Technology Growth Fund L.P. offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 2 amendments are on record for this CIK.

How large is KKR Next Generation Technology Growth Fund L.P.?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.