Company: KW
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001408100-25-000117
Chunk: 67

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 67
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2025 and December 31, 2024. The Co-Investment Portfolio consists of our unconsolidated investments as well as our loan purchases and originations.

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|                                       | ($ in millions) |   | March 31, 2025 |     |   | December 31, 2024 |
|:--------------------------------------|:----------------|:--|---------------:|:----|:--|------------------:|
| Cash                                  |                 | $ |          136.1 |     | $ |             137.5 |
| Real estate                           |                 |   |        4,694.1 |     |   |           4,564.9 |
| Loans                                 |                 |   |          217.5 |     |   |             243.2 |
| Accounts receivable and other assets  |                 |   |          230.5 |     |   |             236.9 |
| Total Assets                          |                 | $ |        5,278.2 |     | $ |           5,182.5 |
| Accounts payable and accrued expenses |                 |   |          156.4 |     |   |             151.5 |
| Mortgage debt                         |                 |   |        2,819.6 |     |   |           2,757.5 |
| Total Liabilities                     |                 |   |        2,976.0 |     |   |           2,909.0 |
| Equity                                |                 | $ |        2,289.8 |     | $ |           2,273.5 |

As of March 31, 2025, our fee-bearing capital was $8.7 billion and we recognized $25.0 million in base investment management fees and had $19.4 million in net accrued carried interests receivable (allocated amounts to us on co-investments we managed based on the cumulative performance of the underlying investment), which included a non-cash write down of $8.2 million of carried interests during the three months ended March 31, 2025.

#### Co-Investment Portfolio Investment Platforms
We have a number of platforms through which we invest in alongside our partners and manage in our Co-Investment Portfolio. For each specific investment opportunity, we evaluate various investment parameters, primarily the asset type, risk return profiles and other parameters against the defined investment parameters of the applicable platforms.

#### Separate accounts