# KKR Closes $460M Credit Vehicle

> KKR completes first private credit continuation fund at $460M with AllianzGI lead.
- Title: KKR Closes $460M Credit Vehicle · Dealroom | Shortify
- Summary: KKR completes first private credit continuation fund at $460M with AllianzGI lead. KKR closed its first private credit continuation vehicle with $460 million…
- Keywords: kkr, allianzgi, private credit, continuation vehicle, 460m, direct lending, startups, business, Closes, Credit, Vehicle, Dealroom
- Source: Dealroom — https://dealroom.co/news/167622-kkr-closes-first-private-credit-continuation-vehicle-at-460m-led-by-alli
- Published: 2026-10-28T13:31:54+00:00
- Read time: 1 min
- Topics: kkr, allianzgi, private credit, continuation vehicle, 460m, direct lending, startups, business
## 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.
## Key takeaway

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.