KKR & Co. (NYSE:KKR) has become the latest private equity firm to place a limit on withdrawals in its private credit fund, mirroring others who have done so recently as the private credit market experiences a rough patch.
The firm capped withdrawals in its asset-based finance fund K-ABF at 5% following redemption requests of approximately $38.4 million, 7.2%, KKR told investors, Bloomberg reported.
K-ABF, launched in 2025, is an income fund focused on private credit solutions for investors seeking diversification and access to the large and fast-growing Asset-Based Finance (ABF) universe, KKR’s website reveals. At least 80% of the portfolio’s assets are ABF investments.
KKR added that payouts will be allocated proportionally, with investors receiving roughly 69% of their …
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