Investors in KKR FS Income Trust got back all of their requested cash in the second quarter, as repurchase requests totaled 1.65% of outstanding shares. The fund received repurchase requests totaling 6.3% of shares in the prior quarter, causing the fund to prorate requests at about 80%. KKR joins peers, including Goldman Sachs Group Inc. and Oaktree Capital Management, in seeing lower redemptions in the latest quarter.
- KKR's private credit funds experienced a significant decrease in redemption requests during the second quarter, indicating a potential easing of investor concerns.
- This trend aligns with peers like Goldman Sachs and Oaktree, suggesting a broader market shift away from high redemption pressures in the private credit sector.
- The KKR FS Income Trust (K-FIT) and KKR FS Income Trust Select (K-FITS) funds met all redemption requests, with K-FIT delivering approximately 13% annualized returns.
Topics: Asset types, Institutional adoption, Private credit high yield, Asset manager initiatives
Tags: #kkr #privatecredit #redemptions #kkrfsincometrust #kfit #assetmanagers #retailinvestors #annualizedreturn
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