Investment and leadership team with significant industry experience
Focused on U.S. senior secured debt financings
3
Note: AUM figures as of March 31, 2021. Please see "Important Information" for important information regarding the calculatio n of AUM. 1. As of March 2021.
FS KKR: Competitive Advantages
~$15bn
of assets in the
combined FS KKR
BDC franchise
Lead, Co-lead or Sole
Lender in >95%
of total deals¹
Ability to make
individual investments
up to $1bn
Cumulative
KKR Credit
commitments
of approximately
$39bn²
Direct access to full
KKR
investment
network
Below average loss rate of 0.47% ³,⁴
Note: As of March 31, 2021 unless otherwise noted.
4
Figure based on count of Direct Origination investments only. KKR & BDC accounts' participation, KKR Capital Markets' involve ment, and deal teams leading the negotiations / structuring are all considered when determining the Origination Role.
Gross dollars invested inclusive of new transactions, follow-ons, and delayed draws and represents the aggregate amount of capital that has been invested by all of KKR Credit's investment vehicles in private credit strategies and is used as a measure of investment activity for KKR Credit in a given period.
Stats from 2011-2021, includes KKR origination activity & defaults for Corporate Capital Trust, Inc. ("CCT"), Corporate Capital Trust II ("CCT II"), KKR Lending Partners ("KLP"), KKR Lending Partners II ("KLP II), KKR Lending Partners III ("KLP III") si nce inception date and FSK, FSKR, FS Investment Corp. III ("FSIC III"), FS Investment Corp. IV ("FSIC IV") from 2Q'18-1Q'21.
Loss rate is Default Rate * Recovery. KKR total recovery calculated as local currency cash on cash for both 1) life of defa ulted investment plus 2) any defensive investments made after default; for 2011-2021; number includes interest, fees, principal proceeds, and related expenses. Default is constant default rate for 2011-2021.
FS KKR: Market Leading BDC Franchise
Total Assets Under Management Ranked by BDC Advisor/Manager ($bn)1
$16.0
$15.0
FSKR
$11.6
$8.0
$6.0
$4.6
FSK
$7.0
$3.3
$3.1
$2.9
$2.7
$2.6
$2.5
$2.5
$2.4
$2.4
$2.3
$1.9
$1.8
$0.7
$1.1
$2.0
$1.2
ARCC
ORCC
PSEC
GBDC
GSBD
NMFC
MAIN
SLRC &
HTGC
AINV
BCSF
OCSL
TSLX
PNNT &
CGBD
TCPC
SUNS
PFLT
5
1. As of March 31, 2021
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Disclaimer
FS KKR Capital Corp. published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 12:22:02 UTC.
FS KKR Capital Corp. is an externally managed, non-diversified, closed-end management investment company, which regulates as a business development company (BDC). It is focused on providing customized credit solutions to private middle market United States companies. Its investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio is composed primarily of investments in senior secured loans and second lien secured loans of private middle market United States companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private United States companies. In addition, a portion of its portfolio may be comprised of corporate bonds, structured products, other debt securities and derivatives, including total return swaps and credit default swaps. It invests in sectors, such as financial services, commercial and professional services, among others. It is managed by FS/KKR Advisor, LLC.
FS KKR CAPITAL CORP. 
