diff --git a/accel/kvm/kvm-all.c b/accel/kvm/kvm-all.c
index df7a32735a..2fdc07a472 100644
--- a/accel/kvm/kvm-all.c
+++ b/accel/kvm/kvm-all.c
@@ -2903,6 +2903,68 @@ static void kvm_eat_signals(CPUState *cpu)
     } while (sigismember(&chkset, SIG_IPI));
 }
 
+static int kvm_convert_memory(hwaddr start, hwaddr size, bool to_private)
+{
+    MemoryRegionSection section;
+    ram_addr_t offset;
+    MemoryRegion *mr;
+    RAMBlock *rb;
+    void *addr;
+    int ret = -1;
+
+    if (!QEMU_PTR_IS_ALIGNED(start, qemu_host_page_size) ||
+        !QEMU_PTR_IS_ALIGNED(size, qemu_host_page_size)) {
+        return -1;
+    }
+
+    if (!size) {
+        return -1;
+    }
+
+    section = memory_region_find(get_system_memory(), start, size);
+    mr = section.mr;
+    if (!mr) {
+        return -1;
+    }
+
+    if (memory_region_has_guest_memfd(mr)) {
+        if (to_private) {
+            ret = kvm_set_memory_attributes_private(start, size);
+        } else {
+            ret = kvm_set_memory_attributes_shared(start, size);
+        }
+
+        if (ret) {
+            memory_region_unref(section.mr);
+            return ret;
+        }
+
+        addr = memory_region_get_ram_ptr(mr) + section.offset_within_region;
+        rb = qemu_ram_block_from_host(addr, false, &offset);
+
+        if (to_private) {
+            if (rb->page_size != qemu_host_page_size) {
+                /*
+                * shared memory is back'ed by  hugetlb, which is supposed to be
+                * pre-allocated and doesn't need to be discarded
+                */
+                return 0;
+            } else {
+                ret = ram_block_discard_range(rb, offset, size);
+            }
+        } else {
+            ret = ram_block_discard_guest_memfd_range(rb, offset, size);
+        }
+    } else {
+        error_report("Convert non guest_memfd backed memory region "
+                    "(0x%"HWADDR_PRIx" ,+ 0x%"HWADDR_PRIx") to %s",
+                    start, size, to_private ? "private" : "shared");
+    }
+
+    memory_region_unref(section.mr);
+    return ret;
+}
+
 int kvm_cpu_exec(CPUState *cpu)
 {
     struct kvm_run *run = cpu->kvm_run;
@@ -2970,18 +3032,20 @@ int kvm_cpu_exec(CPUState *cpu)
                 ret = EXCP_INTERRUPT;
                 break;
             }
-            fprintf(stderr, "error: kvm run failed %s\n",
-                    strerror(-run_ret));
+            if (!(run_ret == -EFAULT && run->exit_reason == KVM_EXIT_MEMORY_FAULT)) {
+                fprintf(stderr, "error: kvm run failed %s\n",
+                        strerror(-run_ret));
 #ifdef TARGET_PPC
-            if (run_ret == -EBUSY) {
-                fprintf(stderr,
-                        "This is probably because your SMT is enabled.\n"
-                        "VCPU can only run on primary threads with all "
-                        "secondary threads offline.\n");
-            }
+                if (run_ret == -EBUSY) {
+                    fprintf(stderr,
+                            "This is probably because your SMT is enabled.\n"
+                            "VCPU can only run on primary threads with all "
+                            "secondary threads offline.\n");
+                }
 #endif
-            ret = -1;
-            break;
+                ret = -1;
+                break;
+            }
         }
 
         trace_kvm_run_exit(cpu->cpu_index, run->exit_reason);
@@ -3064,6 +3128,16 @@ int kvm_cpu_exec(CPUState *cpu)
                 break;
             }
             break;
+        case KVM_EXIT_MEMORY_FAULT:
+            if (run->memory_fault.flags & ~KVM_MEMORY_EXIT_FLAG_PRIVATE) {
+                error_report("KVM_EXIT_MEMORY_FAULT: Unknown flag 0x%" PRIx64,
+                             (uint64_t)run->memory_fault.flags);
+                ret = -1;
+                break;
+            }
+            ret = kvm_convert_memory(run->memory_fault.gpa, run->memory_fault.size,
+                                     run->memory_fault.flags & KVM_MEMORY_EXIT_FLAG_PRIVATE);
+            break;
         default:
             ret = kvm_arch_handle_exit(cpu, run);
             break;
