From Dealroom · · 40s
KKR Closes $460M Credit Vehicle
KKR completes first private credit continuation fund at $460M with AllianzGI lead.
In brief
KKR completes first private credit continuation fund at $460M with AllianzGI lead. KKR closed its first private credit continuation vehicle with $460 million in commitments, led by AllianzGI, marking the firm's entry into private credit continuation deals. Originally reported by Dealroom.
KKR closes $460M vehicle
KKR closed its first private credit continuation vehicle with over $460 million in commitments, led by AllianzGI.
How continuation works
Existing investors chose to sell stakes for liquidity or roll into the new fund on similar terms.
Performance and signal
KKR Lending Partners III achieved 11.0% net internal rate of return and 1.7x multiple on invested capital as of June 30, 2026.
At a glance
KKR closed its first private credit continuation vehicle with $460 million in commitments, led by AllianzGI, marking the firm's entry into private credit continuation deals.
