KKR Private Equity Conglomerate LLC — Form 8-K

KKR Private Equity Conglomerate LLC (K-PEC) executed a Second Amended and Restated Management Agreement with KKR DAV Manager LLC (effective July 2, 2026) and an Amended and Restated Dealer-Manager Agreement with KKR Capital Markets LLC. The filings establish the formal terms for management services, including management fees (1.25% per annum for Class D/I-Series 1/S/U shares, declining for other classes), performance participation allocations, and dealer-manager compensation. Key updates include expanded early repurchase fee waivers (effective July 1, 2026) for discretionary model portfolios and feeder funds, refined allocation policies for overlapping KKR vehicles, and a three-times termination fee for termination without cause. No material dollar amounts, equity stakes, or counterparty changes beyond routine contract amendments are disclosed.