KKR Private Equity Investors to Hold Its Annual Unitholder Meeting on May 10, 2007

KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE) today
announced that it will hold its Annual Unitholder Meeting at 9:00 a.m.
CEST (Amsterdam) on Thursday, May 10, 2007, at Euronext Amsterdam,
Mercuriusroom, Beursplein 5, 1012 JW Amsterdam, The Netherlands.

At the meeting, Mr. Henry R. Kravis, Co-Founder of Kohlberg Kravis
Roberts & Co. (KKR) and Co-Chairman of KPE's General Partner's Board
of Directors, and Ms. Kendra Decious, Chief Financial Officer of the
General Partner of KPE, will present a report on the investment
activities of KPE for 2006. The common units of KPE are non-voting.

Registration

All unitholders registered as of the close of business on
Thursday, April 19, 2007 (the "Registration Date"), are entitled to
participate. Holders of common units who wish to attend the meeting in
person or wish to authorize others to represent them at the meeting
should register themselves at ING Bank N.V. via the bank or broker
where their common units are administered. The affiliated institutions
of Euroclear Nederland must, no later than 4:00 p.m. CEST on May 4,
2007, present an electronic statement to ING Bank N.V., Locatiecode BV
06.01, Van Heenvlietlaan 220, 1083 CN Amsterdam, The Netherlands,
telephone: +31.20.7979.389, facsimile: +31.20.7979.607, e-mail:
iss.pas.hbk@mail.ing.nl, identifying the number of common units held
by the holder on the Registration Date and presented for registration
purposes. Upon request, a common unitholder may obtain, via their bank
or broker, a statement of the number of common units that are
registered in their name and are presented for registration purposes.

Meeting documents

The agenda, the annual report and the annual accounts are
available for inspection at the office of KPE, P.O. Box 255, Trafalgar
Court, Les Banques, St. Peter Port, Guernsey, Channel Islands, GY1
3QL, telephone: +44.1481.745.001, facsimile: +44.1481.745.074. These
documents can also be downloaded on KPE's website (www.kkrpei.com) and
are available free of charge via ING Bank N.V., Van Heenvlietlaan 220,
1083 CN Amsterdam, The Netherlands, telephone: +31.20.7979.389,
facsimile: +31.20.7979.607.

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.kkrpei.com.