KKR wraps up second private credit fund at $2.24 bln

KKR has closed its second private credit fund at $2.24 billion. KKR Private Credit Opportunities II is focused on private corporate debt and mezzanine lending, financial assets, hard assets and structured credit. The fund’s limited partners include public pensions, sovereign wealth funds, insurance companies, insurance and banking platforms, family offices and high-net worth individual investors. In September 2011, KKR announced it had closed its predecessor fund KKR Mezzanine Partners I LP at more than $1 billion. No performance data was available on the fund. Chris Sheldon and Nat Zilkha lead KKR’s global credit business, which had $41 billion in assets under management, as of September 30, 2017. Flying Money; Photo courtesy of ansonsaw/iStock/Getty Images

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