KKR agreed to pay a proposed $250 million civil penalty to resolve a U.S. antitrust case alleging that the private equity firm violated the Hart-Scott-Rodino Antitrust Improvements Act in at least 16 transactions between 2021 and 2022. The Justice Department said KKR altered documents in filings for at least eight deals, failed to file notices for at least two, and systematically omitted required documents from filings for at least 10. The penalty, subject to approval, would be the largest ever imposed for HSR violations and more than 20 times any prior HSR penalty obtained by the DOJ. The law requires parties to certain mergers and acquisitions to submit premerger notifications to the DOJ's Antitrust Division and the Federal Trade Commission, allowing the agencies to review transactions under Section 7 of the Clayton Act. KKR, which has made more than 100 required filings since 2021, strongly disagreed with the Justice Department's characterization but agreed to settle. The firm said it acted in good faith under its prior filing process and that outside law firms would fully reimburse the penalty. KKR has more than $744 billion in assets under management and operates across asset management, insurance and strategic holdings. The civil lawsuit was filed in 2025, and the agreement was filed with the U.S. District Court for the Southern District of New York.