Form 4: Accel-KKR Funds Distribute Paymentus Holdings Shares to Partners

Accel-KKR Holdings GP, LLC and affiliated funds distributed Paymentus Holdings, Inc. shares to their partners on March 14, 2025, without consideration.

Summary

• On March 14, 2025, Accel-KKR Holdings GP, LLC and several affiliated funds executed an in-kind pro rata distribution of Paymentus Holdings, Inc. Class A Common Stock to their partners.
• The distribution involved multiple entities including Accel-KKR Capital Partners CV III, LP; Accel-KKR Growth Capital Partners III, LP; Accel-KKR Growth Capital Partners II Strategic Fund, LP; Accel-KKR Growth Capital Partners II, LP; Accel-KKR Members Fund, LLC; AKKR Strategic Capital LP; and AKKR SC GPI HoldCo LP.
• The transactions were executed without consideration, meaning no payment was exchanged for the shares.
• Accel-KKR Holdings GP, LLC, controlled by Mr. Palumbo and Mr. Barnds, holds voting and investment power over the shares owned by the distributing entities.
• Following the distribution, the reporting persons still maintain indirect beneficial ownership of a significant number of Paymentus Holdings shares.
• For example, AKKR Strategic Capital LP acquired 1,415,984 Class A Common Stock at $19, while distributing 1,415,984 Class B Common Stock at $0.
• The filing indicates changes in beneficial ownership due to this distribution, with detailed breakdowns for each involved entity.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a distribution of shares. It doesn't inherently convey positive or negative sentiment, but reflects normal fund management activity.

Industry Context

Private equity firms often distribute shares to their limited partners as part of fund management and investment strategies. This distribution allows partners to realize gains or manage their portfolios.

Related Party Transactions

• The in-kind pro rata distribution from Accel-KKR to its partners constitutes a related party transaction.

Stakeholder Impact

• The distribution may impact the holdings of the partners of Accel-KKR funds.
• The overall impact on Paymentus Holdings shareholders is likely minimal, as the distribution does not represent a sale to the public market.

Key Dates