KKR Diversified Core Infrastructure Fund (SBS) L.P.

The absence of prior EDGAR filings from KKR on this vehicle type, combined with the three individually named GPs (Lee, Carss, Gaul) alongside the corporate entities, signals this is KKR's first registered offering in the diversified core infrastructure category under US exemption rules, positioning it as a new strategy vertical rather than a continuation of an existing series.

An amendment filing in May 2026 during a period of elevated LP dry powder in infrastructure and rising institutional appetite for core/core-plus assets—coupled with stabilizing interest rates making long-duration utility and transport assets more attractive—aligns with the timing of large-cap infrastructure fund closes across the industry.

Verify the key-person dependency structure among the three named GPs: confirm whether each has discrete portfolio responsibilities or whether all three must remain involved for fund governance, as this directly impacts continuity risk and GP replacement mechanics if any principal departs during the fund's life.