SCHEDULE 13G 0001512805 XXXXXXXX LIVE Class A ordinary shares, $0.0001 par value per share 03/31/2025 0002029976 K&F GROWTH ACQUISITION CORP. II G52258111 1219 Morningside Drive, Suite 110 Manhattan Beach CA 90266 Rule 13d-1(b) Westchester Capital Management, LLC b DE 73182 1611818 73182 1611818 1685000 N 5.86 IA * Based on 28,750,000 Shares outstanding as of February 6, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2025. The Class A ordinary shares (the "Ordinary Shares") reported herein include shares held in the form of units (the "Units"), each Unit consists of one Class A ordinary share of the Issuer and one right to receive one fifteenth (1/15) of a Class A ordinary share upon the consummation of an initial business combination. Virtus Investment Advisers, LLC DE 0 1611818 0 1611818 1611818 N 5.61 IA * Based on 28,750,000 Shares outstanding as of February 6, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2025. The Class A ordinary shares (the "Ordinary Shares") reported herein include shares held in the form of units (the "Units"), each Unit consists of one Class A ordinary share of the Issuer and one right to receive one fifteenth (1/15) of a Class A ordinary share upon the consummation of an initial business combination. The amounts reported on this page are also included in the amounts reported by Westchester Capital Management, LLC on this Schedule 13G. The Merger Fund MA 0 1589991 0 1589991 1589991 N 5.53 IV * Based on 28,750,000 Shares outstanding as of February 6, 2025, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2025. The Class A ordinary shares (the "Ordinary Shares") reported herein include shares held in the form of units (the "Units"), each Unit consists of one Class A ordinary share of the Issuer and one right to receive one fifteenth (1/15) of a Class A ordinary share upon the consummation of an initial business combination. The amounts reported on this page are also included in the amounts reported by Virtus Investment Advisers, LLC on this Schedule 13G. K&F GROWTH ACQUISITION CORP. II 1219 Morningside Drive, Suite 110, Manhattan Beach, California, 90266 This statement is being filed jointly by the following (each, a "Reporting Person," and collectively, the "Reporting Persons"): Westchester Capital Management, LLC ("Westchester"), a Delaware limited liability company, Virtus Investment Advisers, LLC ("Virtus"), a Delaware limited liability company, and The Merger Fund ("MF"), a Massachusetts business trust. Virtus, a registered investment adviser, serves as the investment adviser to MF, The Merger Fund VL ("MF VL"), Virtus Westchester Event-Driven Fund ("EDF") and Virtus Westchester Credit Event Fund ("CEF"). Westchester, a registered investment adviser, serves as sub-advisor to each of MF, MF VL, EDF, CEF, JNL Multi-Manager Alternative Fund ("JARB"), JNL/Westchester Capital Event Driven Fund ("JNL") and Principal Funds, Inc. - Global Multi-Strategy Fund ("PRIN", together with MF, MF VL, EDF, CEF, JARB and JNL, the "Funds"). The Funds directly hold Ordinary Shares of the Company for the benefit of the investors in those Funds. Mr. Roy Behren and Mr. Michael T. Shannon each serve as Co-Presidents of Westchester. Westchester Capital Management, LLC 100 Summit Lake Drive, Valhalla, NY 10595 Virtus Investment Advisers, LLC One Financial Plaza, Hartford, CT 06103 The Merger Fund 101 Munson Street, Greenfield, MA 01301-9683 Each of Westchester and Virtus are organized under the laws of the State of Delaware. MF is organized under the laws of the State of Massachusetts. N IA IV Westchester Capital Management, LLC: 1,685,000 Virtus Investment Advisers, LLC: 1,611,818 The Merger Fund: 1,589,991 Westchester Capital Management, LLC: 5.86% Virtus Investment Advisers, LLC: 5.61% The Merger Fund: 5.53% Westchester Capital Management, LLC: 73,182 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0 Westchester Capital Management, LLC: 1,611,818 Virtus Investment Advisers, LLC: 1,611,818 The Merger Fund: 1,589,991 Westchester Capital Management, LLC: 73,182 Virtus Investment Advisers, LLC: 0 The Merger Fund: 0 Westchester Capital Management, LLC: 1,611,818 Virtus Investment Advisers, LLC: 1,611,818 The Merger Fund: 1,589,991 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Westchester Capital Management, LLC /s/ CaSaundra Wu 05/14/2025 Virtus Investment Advisers, LLC /s/ Chetram Persaud 05/14/2025 The Merger Fund /s/ Daphne Chisolm 05/14/2025