KKR Private Equity Investors Provides Portfolio Clarification

No Exposure to Residential Real Estate Loans
GUERNSEY, Channel Islands--(Business Wire)--
KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE), a
Guernsey limited partnership that invests its assets in private equity
and opportunistic investments identified by Kohlberg Kravis Roberts &
Co. ("KKR"), confirms that its investment portfolio has no exposure to
residential real estate, mortgage-backed securities or subprime
mortgages.

Kendra Decious, Chief Financial Officer, KKR Guernsey GP Limited,
said "Over 90 percent of KPE's $5.8 billion portfolio is invested in
the KKR private equity funds and other private equity investments. KPE
does not have any risk from U.S. home loan assets." This press release
is issued in response to inquiries directed to KPE from various
unitholders.

KPE invests its capital as the sole limited partner of KKR PEI
Investments, L.P. (the "Investment Partnership"). The Investment
Partnership has drawn in full on its senior secured credit facility in
the amount of $1.0 billion, which is not due to be repaid until its
maturity on June 11, 2012.

KPE reported results for the quarter ended December 31, 2007 on
February 29, 2008. KPE's 2007 Annual Report, providing explanations of
its investment strategy and holdings, can be found on its website at
www.kkrprivateequityinvestors.com.

About KPE

KKR Private Equity Investors, L.P. (KPE) is a Guernsey limited
partnership that seeks to create long-term value by participating in
private equity and opportunistic investments identified by Kohlberg
Kravis Roberts & Co. (KKR). Formed in April 2006, KPE enables certain
public market investors to invest in KKR-identified investments. KPE
will invest at least 75% of its assets in KKR's private equity
investments, while up to 25% of its assets may be invested
opportunistically in other investments identified by KKR. KPE makes
its investments through another Guernsey limited partnership, KKR PEI
Investments, L.P., as its sole limited partner.

The common units and related restricted depositary units of KPE
are subject to a number of ownership and transfer restrictions.
Information concerning these ownership and transfer restrictions is
included in the Investor Relations section of KPE's website at
www.kkrprivateequityinvestors.com.

No Offering Statement

This release does not constitute an offer of securities for sale
in the United States. Securities may not be offered or sold in the
United States absent registration or an exemption from registration.
Any public offering of securities to be made in the United States will
be made by means of a prospectus that may be obtained from KPE and
that will contain detailed information about KPE and management, as
well as financial statements.

Investors:
KKR KPE LLC
Katherine Becher, +1.212.659.2026
Investor Relations Manager
or
Media:
In the U.S:
Kekst and Company
Mark Semer, +1.212.521.4800
or
In Europe:
Finsbury
Simon Moyse, +44.207.251.3801

Copyright Business Wire 2008