Asset-based Finance (ABF)

KKR Asset‑Based Finance Partners II is a global debt fund launched in mid‑2025 with approximately $5.6 billion in capital raised. It is dedicated to originating and negotiating credit investments backed by diversified financial and hard assets, offering investors predictable collateral‑based cash flows with downside protection and attractive yields. The strategy builds on KKR’s ABF platform launched in 2016—having deployed over $6 billion across more than 54 transactions and managing roughly $75 billion in ABF assets as of mid‑2025. The fund is structured to serve institutional investors including pensions, sovereign wealth funds, insurers, asset managers, family offices, and includes KKR’s own commitment. Targeting four core verticals—consumer and mortgage finance, hard assets, SMEs, and contractual cashflows like royalties and lease receivables—the fund focuses on industries such as aviation, real estate, automotive finance, mortgages, and equipment leasing. With a global mandate, the fund operates across the United States, Luxembourg, Ireland, Canada and key international markets, offering structured credit solutions at scale to fill gaps left by traditional lenders amid bank deleveraging.