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Exhibit 25.2

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|
___________________________

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)


(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)
   
400 South Hope Street
Suite 500
Los Angeles, California
(Address of principal executive offices)


90071
(Zip code)

___________________________

KKR & CO. INC.
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
26-0426107
(I.R.S. employer
identification no.)

30 Hudson Yards
New York, New York
(Address of principal executive offices)
 


10001
(Zip code)
KKR Group Partnership L.P.
(Exact name of obligor as specified in its charter)

Cayman Islands
(State or other jurisdiction of
incorporation or organization)
 
98-0598047
(I.R.S. employer
identification no.)
30 Hudson Yards
New York, New York
(Address of principal executive offices)
 

10001
(Zip code)


KKR Group Finance Co. IX LLC
(Exact name of obligor as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
 
86-2457444
(I.R.S. employer
identification no.)
30 Hudson Yards
New York, New York
(Address of principal executive offices)
 

10001
(Zip code)

___________________________

Debt Securities
and Guarantees of Debt Securities
(Title of the indenture securities)
2
1.          General information.  Furnish the following information as to the trustee:


 (a)
Name and address of each examining or supervising authority to which it is subject.

Name
Address
   
Comptroller of the Currency
United States Department of the Treasury
 
Washington, DC 20219
Federal Reserve Bank
San Francisco, CA 94105
 
Federal Deposit Insurance Corporation
 
Washington, DC 20429


 (b)
Whether it is authorized to exercise corporate trust powers.

Yes.

2.
Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

16.
List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a‑29 under the Trust Indenture Act of 1939 (the “Act”).


 1.
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).


2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No.
333-121948).


3.
A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No.
333-152875).
3

 4.
A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).


6.
The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).


7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.
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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California, on the 22nd day of March, 2021.

 
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
 
 
By:
/s/ Manjari Purkayastha
 
Name:
Manjari Purkayastha
 
Title:
Vice President
EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 500, Los Angeles, CA 90071



At the close of business December 31, 2020, published in accordance with Federal regulatory authority instructions.

      Dollar amounts  
      in thousands  
 ASSETS      
         
Cash and balances due from depository institutions:
      
 
Noninterest-bearing balances and currency and coin
  
  1,685  
 
Interest-bearing balances
    335,190  
Securities:
        
 
Held-to-maturity securities
    0  
 
Available-for-sale debt securities
    77,127  
 
Equity securities with readily determinable fair values not held for trading
     0  
Federal funds sold and securities
        
 
purchased under agreements to resell:
     0
 
 
Federal funds sold in domestic offices
    0  
 
Securities purchased under agreements to resell
    0  
Loans and lease financing receivables:
    
 
 
Loans and leases held for sale
     0  
 
Loans and leases, held for investment
    0  
 
LESS: Allowance for loan and lease losses 
     0  

Loans and leases held for investment, net of allowance
    0  
Trading assets
     0  
Premises and fixed assets (including capitalized leases) 
    22,577  
Other real estate owned
    0
 
Investments in unconsolidated subsidiaries and associated companies
    0  
Direct and indirect investments in real estate ventures .. 
    0  
Intangible assets
    856,313  
Other assets
     104,906
 
           
Total assets
     $1,397,798
 
                                       
1

       
LIABILITIES
      
       
Deposits:
      
       In domestic offices
  1,612  
Noninterest-bearing
    
1,612
  
Interest-bearing   
   
0
  
       Not applicable
        
Federal funds purchased and securities
        
sold under agreements to repurchase:
        
Federal funds purchased in domestic offices
    0
  
Securities sold under agreements to repurchase
      0  
Trading liabilities
     0  
Other borrowed money:
        
(includes mortgage indebtedness and obligations under capitalized leases)
      0  
Not applicable
        
Not applicable
        
Subordinated notes and debentures
    0
  
Other liabilities
    270,910  
Total liabilities
    272,522  
Not applicable
        
         
         
EQUITY CAPITAL
        
         
Perpetual preferred stock and related surplus
    0
  
Common stock
      1,000  
Surplus (exclude all surplus related to preferred stock)
    324,364  
Not available
        
   Retained earnings
    798,671  
   Accumulated other comprehensive income 
     1,241  
Other equity capital components
     0
  
Not available
        
    Total bank equity capital
    1,125,276  
    Noncontrolling (minority) interests in consolidated subsidiaries
      0  
Total equity capital
     1,125,276  
Total liabilities and equity capital
     1,397,798  

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty          )          CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Antonio I. Portuondo, President                  )
Michael P. Scott, Managing Director          )          Directors (Trustees)
Kevin P. Caffrey, Managing Director          )


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