FSK has direct involvement of over 250 professionals
Ability to commit in size
Focus
Investment structures:
Senior secured
Asset Based Finance
Junior capital
Upper middle market:
$50-$150million+ EBITDA
Market leading businesses:
Pricing power
Defensive industries
Preservation of capital:
Rigorous portfolio monitoring
Internal workout capabilities
Global Market Reach
Financial sponsor relationships across multiple countries
Dedicated non-sponsor sourcing effort leveraging all of the KKR network
Deep industry experience across KKR Credit platform
~100 investment professionals
3
FSK: A Leading BDC
Total Assets Under Management Ranked by Publicly Traded BDC Advisor/Manager ($bn)
$22.2
$15.5
$13.4
$9.6
$7.7
$5.7
$4.4
$3.6
$3.3
$3.3
$3.2
$3.1
$2.7
$2.6
$2.5
$2.3
$1.2
$1.2
$2.0
$1.8
ARCC
FSK
OBDC
BXSL
PSEC
GBDC
MAIN
GSBD
OCSL
NMFC
HTGC
TSLX
BCSF
SLRC
MFIC
PNNT &
CGBD
TCPC
PFLT
FSK is the second largest publicly traded BDC as measured by total assets
1. PSEC as of March 31, 2023.
4
KKR Credit: Overview
$519 billion
Total KKR Firm AUM1
$200 billion
KKR Credit AUM1
Leveraged Credit
$112bn
•
Leveraged Loans
•
Opportunistic
•
High Yield Bonds
Credit
•
CLOs
•
Multi-Asset
Class Credit
Private Credit
$78bn
•
First Lien /
•
Asset Based
Unitranche
Finance
•
Second Lien
•
Junior Capital
Strategic Investments
$10bn
•
Capital Solutions
• Cross Asset Class
•
Opportunistic
1. Please see "Important Information" for a description of Assets Under Management calculation.
5
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FS KKR Capital Corp. published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 12:50:02 UTC.
FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment company, which regulates as a business development company (BDC). It is focused on providing customized credit solutions to private middle market United States companies. Its investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio is composed primarily of investments in senior secured loans and second lien secured loans of private middle market United States companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private United States companies. In addition, a portion of its portfolio may be comprised of corporate bonds, structured products, other debt securities and derivatives, including total return swaps and credit default swaps. It invests in sectors, such as financial services, commercial and professional services, among others. It is managed by FS/KKR Advisor, LLC.