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KKR Closes $2.24bn Private Credit Fund

KKR, a leading global investment firm, today announced the final closing of KKR Private Credit Opportunities II (“PCOP II” or the “Fund”), a $2.24 billion global fund that seeks to take advantage of the attractive fundamentals KKR sees in the market for privately negotiated subordinated debt securities, corporate mezzanine investments as well as asset-backed and specialty finance investments.“We continue to lean in to this strategy because global capital markets have evolved and created a permanent need for long-term capital providers to support financing activities. Specifically, we see significant opportunities for junior capital in asset-backed financing transactions. In addition, we expect...