Private Equity Investors Press Release Guernsey, Channel Islands, November 17, 2006 KKR Private Equity Investors Makes $315 Million Investment in HCA KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE) announced that it has invested approximately $315 million in HCA Inc. HCA recently announced the closing of its merger transaction pursuant to which HCA was acquired by affiliates of Kohlberg Kravis Roberts & Co. (KKR), Bain Capital, Merrill Lynch Global Private Equity, and HCA Founder Dr. Thomas F. Frist, Jr. KPE’s total investment was comprised of a $250 million co-investment and $65 million in capital contributions to KKR-sponsored private equity funds. The amount invested by KPE in HCA represents approximately 6.3% of KPE’s net asset value as of September 30, 2006. About KPE KKR Private Equity Investors, L.P. is a Guernsey limited partnership that seeks to create long-term value primarily by participating in private equity investments sponsored by KKR. Formed in April 2006 to provide complementary capital for KKR-sponsored private equity funds, KPE enables certain public market investors to invest in KKR-sponsored investments. KPE plans to invest at least 75% of its assets in KKR-sponsored private equity investments. Up to 25% of KPE’s assets may be committed to opportunistic and other investments identified by KKR that are outside the scope of KKR’s traditional private equity investments. 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. Forward-Looking Statements This release may contain certain forward-looking statements with respect to the financial condition, results of operations, liquidity, investments, business and prospects of KPE. By their nature, forward- looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. Investor Contact: Media Contact: Andrew Greenebaum In the U.S.: In Europe: Integrated Corporate Relations Mark Semer Simon Moyse +1.310.954.1100 Kekst and Company Finsbury +1.212.521.4800 +44.207.251.3801.