Form D · Other Investment Fund

KKR FS Income Trust iCapital Offshore Access Fund SPC

New York, NY · CIK 0002014926

Offering snapshot reported Feb 17, 2026 · SEC filing

Reported sold: $72.2M
Investors reported: 70
Minimum accepted: $0
First sale: Mar 1, 2025

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 70

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 17, 2026	Amendment	$72,157,841	No comparison	70	SEC filing
Jan 15, 2025	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-535283

Certain private placement clients of Morgan Stanley, Smith Barney, LLC ("MSSB") are required to pay (i) an upfront placement fee to MSSB and (ii) an annual ongoing fee to the fund (which is then paid to MSSB).

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
MORGAN STANLEY SMITH BARNEY LLC	149777
Citigroup Global Markets Inc.	7059	Citi Private Advisory LLC · CRD 153777
Stifel, Nicolaus & Company, Incorporated	793

Source: Form D, filed Feb 17, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

KKR FS INCOME TRUST ICAPITAL OFFSHORE ACCESS FUND SPC

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $73M
Beneficial owners: 66
ADV minimum commitment: $100K

Reported in Form ADV on Sep 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Marketer KOHLBERG KRAVIS ROBERTS & CO. L.P. NEW YORK, New York, United States Related to adviser: No

Marketer STIFEL, NICOLAUS & COMPANY, INCORPORATED ST. LOUIS, Missouri, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KOHLBERG KRAVIS ROBERTS & CO. L.P.
CRD 144533 · SEC 801-69634

STIFEL, NICOLAUS & COMPANY, INCORPORATED
CRD 793 · SEC 801-10746

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-7858803523

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Campbell Congdon	Director
N/A Icapital Advisors, Llc	Promoter
Martin Steyn	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Compliance Department 60 East 42 Nd Street, 28 Th Floor
New York, NY, 10165