KKR Credit Income Fund

Global private equity and alternative asset manager KKR & Co. has listed the KKR Credit Income Fund (KKC) on the Australian Stock Exchange through local affiliate KKR Australia Investment Management Pty Ltd.

The fund invests in global income-generating alternative credit investments via its investment across two KKR funds - the Global Credit Opportunities Fund and the European Direct Lending Fund. The fund is targeting a net annual distribution of between 4 to 6 per cent before tax.

Renown as Kohlberg Kravis Roberts & Co., KKR has long been active in the Australian private equity space, and notoriously private, but this is its first foray into public markets with a listed product.

Perpetual's The Trust Company (RE Services) Limited is the responsible entity for the fund. The fund has a management fee of 0.902 per cent and a management performance fee of up to 5.125 per cent, when certain conditions (including a performance fee) are satisfied.

KKR Australia KKR Credit Income Fund Launched on 21 November 2019 Designed for retail investors. Find out more Industry Moves does not hold an AFS Licence and neither recommends nor endorses this product/service.