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The portfolio companies shown represent substantially all of KKR’s private equity, TMT growth, Health Care growth, and infrastructure portfolio companies as of December 31, 2018. Certain portfolio companies have been excluded as private market transactions or investments in which KKR only holds residual interests. The portfolio companies shown above for KKR’s real estate strategy include the largest transaction, based on equity size, in each sector in the U.S and Europe. In addition, the portfolio companies shown include special situations portfolio companies, where funds and vehicles of KKR hold at least 50% of the portfolio company’s equity or KKR has majority representation on the portfolio company’s board. The specific portfolio companies identified are not representative of all of the portfolio companies purchased, sold, or recommended for KKR Funds and it should not be assumed that the investment in the portfolio companies identified was or will be profitable. Actual holdings will vary for each KKR Fund and there is no guarantee that a particular KKR Fund will hold any or all of the portfolio companies listed. For a full list of KKR’s private equity investments, please click here.