KKR Raises $2.1 Billion in First Fund for Asset-Based Finance
- Lender has already deployed about half of capital raised
- Private-credit fund has a targeted yield range of 13% to 15%
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KKR & Co. has deployed about half of a new $2.1 billion private-credit fund, the first of its kind from the firm that will focus solely on asset-based financing.
The fund will target a return of 13% to 15% and aims to invest in 40 to 50 transactions, KKR co-heads of private credit Dan Pietrzak and Matthieu Boulanger, said in an interview with Bloomberg News.