KKR’s FSK fund sees spike in troubled loans

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KKR’s FSK fund sees spike in troubled loans

privateequitywire

4 months ago

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KKR’s publicly traded credit vehicle, FS KKR Capital Corporation, fell 15% after reporting a rise in troubled loans and lower investment income, highlighting stress in private credit markets, according to a report by the Financial Times.
The fund also announced a dividend cut alongside markdowns across its portfolio.
FSK oversees a $13bn portfolio, primarily comprising loans to private-equity-backed mid-market companies originating from a decade-long wave of buyouts. The portfolio has been hit b...

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