FS KKR Capital Corp.

Overview

FS KKR Capital Corp. is a publicly traded business development company (BDC) focused on providing customized credit solutions to private middle-market U.S. companies. The firm primarily invests in senior secured debt and, to a lesser extent, subordinated debt and certain asset-based financing loans, aiming to achieve favorable risk-adjusted returns for its investors. As of September 30, 2025, FS KKR Capital Corp. had a portfolio fair value of $13.4 billion, comprising 224 portfolio companies across 23 industries. The company's weighted average annual yield on accruing debt investments was 10.5%. The firm is advised by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit. FS Investments is a global alternative asset manager managing over $83 billion in assets, offering a broad suite of alternative asset classes and strategies. KKR Credit, a subsidiary of KKR & Co. Inc., is a leading global investment firm managing multiple alternative asset classes, including private equity, credit, and real assets. FS KKR Capital Corp. is headquartered in Philadelphia, Pennsylvania, and its common stock trades on the New York Stock Exchange under the ticker symbol FSK. The company's investment strategy focuses on providing direct lending and asset-based finance solutions to U.S. upper middle-market companies, aiming to generate current income and achieve strong risk-adjusted returns. The firm leverages the sourcing, underwriting, and risk management capabilities across KKR’s well-established $261 billion credit platform.