diff --git a/compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.kt b/compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.kt
new file mode 100644
index 00000000000..6b91def416e
--- /dev/null
+++ b/compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.kt
@@ -0,0 +1,12 @@
+// KT-14469: SOE during effective visibility evaluation
+
+abstract class Base(private val v: String)
+
+fun bar(arg: String) = arg
+
+class Derived : Base("123") {
+
+    private <!NOTHING_TO_INLINE!>inline<!> fun foo() {
+        bar(<!INVISIBLE_MEMBER!>v<!>)
+    }
+}
diff --git a/compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.txt b/compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.txt
new file mode 100644
index 00000000000..78793a4f643
--- /dev/null
+++ b/compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.txt
@@ -0,0 +1,20 @@
+package
+
+public fun bar(/*0*/ arg: kotlin.String): kotlin.String
+
+public abstract class Base {
+    public constructor Base(/*0*/ v: kotlin.String)
+    private final val v: kotlin.String
+    public open override /*1*/ /*fake_override*/ fun equals(/*0*/ other: kotlin.Any?): kotlin.Boolean
+    public open override /*1*/ /*fake_override*/ fun hashCode(): kotlin.Int
+    public open override /*1*/ /*fake_override*/ fun toString(): kotlin.String
+}
+
+public final class Derived : Base {
+    public constructor Derived()
+    invisible_fake final override /*1*/ /*fake_override*/ val v: kotlin.String
+    public open override /*1*/ /*fake_override*/ fun equals(/*0*/ other: kotlin.Any?): kotlin.Boolean
+    private final inline fun foo(): kotlin.Unit
+    public open override /*1*/ /*fake_override*/ fun hashCode(): kotlin.Int
+    public open override /*1*/ /*fake_override*/ fun toString(): kotlin.String
+}
diff --git a/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java
index 1fa0968f327..347921c305b 100644
--- a/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java
@@ -7198,6 +7198,12 @@ public class DiagnosticsTestGenerated extends AbstractDiagnosticsTest {
                 doTest(fileName);
             }
 
+            @TestMetadata("exceptionOnFakeInvisible.kt")
+            public void testExceptionOnFakeInvisible() throws Exception {
+                String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/diagnostics/tests/exposed/exceptionOnFakeInvisible.kt");
+                doTest(fileName);
+            }
+
             @TestMetadata("functional.kt")
             public void testFunctional() throws Exception {
                 String fileName = KotlinTestUtils.navigationMetadata("compiler/testData/diagnostics/tests/exposed/functional.kt");
diff --git a/core/descriptors/src/org/jetbrains/kotlin/descriptors/EffectiveVisibility.kt b/core/descriptors/src/org/jetbrains/kotlin/descriptors/EffectiveVisibility.kt
index 0eed8161225..891978a3620 100644
--- a/core/descriptors/src/org/jetbrains/kotlin/descriptors/EffectiveVisibility.kt
+++ b/core/descriptors/src/org/jetbrains/kotlin/descriptors/EffectiveVisibility.kt
@@ -233,12 +233,13 @@ private fun lowerBound(args: List<EffectiveVisibility>) =
         if (args.isEmpty()) Public else lowerBound(args.first(), args.subList(1, args.size))
 
 private fun Visibility.forVisibility(descriptor: ClassDescriptor? = null): EffectiveVisibility = when (this) {
-    Visibilities.PRIVATE, Visibilities.PRIVATE_TO_THIS -> Private
+    Visibilities.PRIVATE, Visibilities.PRIVATE_TO_THIS, Visibilities.INVISIBLE_FAKE -> Private
     Visibilities.PROTECTED -> Protected(descriptor)
     Visibilities.INTERNAL -> Internal
     Visibilities.PUBLIC -> Public
     Visibilities.LOCAL -> Local
-    else -> this.effectiveVisibility(descriptor)
+    // NB: visibility must be already normalized here, so e.g. no JavaVisibilities are possible at this point
+    else -> throw AssertionError("Visibility $name is not allowed in forVisibility")
 }
 
 fun effectiveVisibility(visibility: Visibility, descriptor: ClassDescriptor?) = visibility.forVisibility(descriptor)