FS KKR Capital Corp. Overview
Pro stress-test →FS KKR Capital Corp. is a publicly traded business development company (BDC) that provides customized credit solutions to private middle-market U.S. companies. The firm focuses on senior secured debt investments and generates income through floating-rate loans and mezzanine instruments tailored to support growth initiatives and leveraged buyouts.
Strategic Profile
Pro stress-test →Established through a strategic partnership between FS Investment Corporation and KKR Credit Advisors, FSK combines KKR's global credit underwriting capabilities with FS's private credit market expertise. The company targets upper-middle-market firms with $50-150+ million EBITDA, positioning itself as a one-stop credit solutions provider for acquisition-driven middle-market companies.
Competitive Landscape
Pro stress-test →FSK competes in the BDC space with peers like Apollo Investment Corp, Blackstone Secured Lending Fund, and Ares Strategic Growth Fund. The market is characterized by competition for quality middle-market credits, with FSK's differentiation stemming from its KKR partnership and institutional-grade underwriting capabilities.
Industry Context
FS KKR Capital Corp. operates in Business Development Company / Private Credit Markets.
Key facts
Founded: 2018 · Headquarters: New York, US · Market cap: $3.04B