FS KKR Capital Corp

Business Description

FS KKR Capital Corp. is a business development company that lends money to privately held, mid-sized American businesses, typically those generating between $10 million and $2.5 billion in annual revenue. The company focuses mainly on secured loans but also takes on smaller positions in higher-risk debt, and occasionally receives warrants or equity stakes alongside its lending arrangements. It may also buy minority equity positions in target companies, either as part of a lending deal or alongside a financial partner. FS KKR avoids startups and turnaround situations, preferring established businesses with predictable operations.