We deliver value. KKR consistently approaches the management of business and investments with the goal of creating and realizing value over the long term.

KKR & Co. (Guernsey) L.P. (Euronext Amsterdam: KKR) represents a 30% economic interest in KKR. KKR is a global alternative asset manager with a long history of leadership, innovation and investment excellence. KKR’s franchise offers a broad range of asset management services to public and private market investors and provides capital markets solutions for the firm, its portfolio companies and clients. With offices on four continents, KKR has created an integrated global platform for sourcing and making investments in multiple asset classes and throughout the capital structure.

KKR & Co. (Guernsey) L.P. was formerly known as KKR Private Equity Investors, L.P. On October 1, 2009, KKR Private Equity Investors, L.P. transferred all of its assets and liabilities to KKR Group Holdings L.P. pursuant to an Amended and Restated Purchase and Sale Agreement, dated as of July 19, 2009, by and among KKR & Co. L.P., KKR Private Equity Investors, L.P. and certain affiliated entities, and then changed its name to KKR & Co. (Guernsey) L.P.

Investment Report

KKR & Co. (Guernsey) L.P.’s sole investment is in 100% of the limited partner interests in KKR Group Holdings L.P. The total value of this investment is being determined in accordance with U.S. generally accepted accounting principals and will be posted when available. KKR Group Holdings L.P. owns controlling interests in Kohlberg Kravis Roberts & Co. L.P. and its affiliates that manage or service a variety of investment funds and managed accounts, including KKR European Fund, KKR Millennium Fund, KKR 2006 Fund, KKR European II Fund, KKR Asian Fund, KKR European Fund III, KKR E2 Investors, KKR PEI Investments and KKR Financial Holdings (NYSE: KFN).

As of October 1, 2009, KKR & Co. (Guernsey) L.P. had 204,902,226 common units outstanding.

Ownership and Transfer Restrictions

KKR & Co. (Guernsey) L.P. common units represent limited partner interests in a Guernsey limited partnership and are traded on Euronext Amsterdam by NYSE Euronext under the ticker "KKR". We have also established a restricted depositary facility in the United States to allow qualifying investors to acquire and hold our common units in the form of restricted depositary units. Each restricted depositary unit represents the right to receive one common unit that has been deposited with The Bank of New York Mellon, as the depositary bank, and any other securities, cash or property that the depositary bank receives in respect of the common unit.

Our common units and the restricted depository units are subject to a number of ownership and transfer restrictions. For information concerning these restrictions, please see Frequently Asked Questions Regarding Ownership and Transferability of Common Units and RDUs.