The fund, called K-FIT, received repurchase requests totaling roughly 6.3% of outstanding shares in the first quarter of 2026, of which it plans to satisfy about 80%, per the letter dated Tuesday.
Sign up here.
On the other hand, KKR FS Income Trust Select, or K-FITS, repurchased all of the roughly 3.7% that shareholders requested to redeem. Inflows from new subscriptions outpaced investor redemption requests in the quarter, the letter said.
K-FITS has delivered an annualized net return of 9.82% as of February 28, with about 71% of the portfolio allocated to U.S. direct lending, 25% to asset-based finance, and the balance to traded credit.
Private credit funds have faced a surge in redemption requests in recent months as investor concerns mount over valuations, liquidity and borrower health in the roughly $2 trillion sector.
Large managers typically cap withdrawals at about 5% of fund assets per quarter.
Reporting by Utkarsh Shetti in Bengaluru; Editing by Anil D’Silva and Leroy Leo
KKR caps redemptions at one of its private credit funds
RELATED ARTICLES
