{
  "id": 12338210,
  "title": "KKR private credit fund exceeds 5% redemption cap to meet investor withdrawals",
  "url": "https://urgent.news/2026/10/06/kkr-private-credit-fund-exceeds-5-redemption-cap-to-meet-investor",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T08:32:54.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://www.privateequitywire.co.uk/kkr-private-credit-fund-exceeds-5-redemption-cap-to-meet-investor-withdrawals/"
  },
  "original_language": "en",
  "account": "KKR's non-traded business development company, KKR FS Income Trust Select (K-FITS), has agreed to honor all investor withdrawal requests after repurchase demands narrowly surpassed its 5% redemption cap, according to Bloomberg. The fund, which has $996 million in net assets, received requests to repurchase 5.06% of its outstanding shares for the quarter ending September 29. Despite the cap, K-FITS will fulfill the requests entirely, citing sufficient liquidity to accommodate all withdrawals. This move comes amid heightened redemption pressure in the non-traded BDC market, driven by concerns over lending standards and exposure to AI-vulnerable software companies. While redemption demand eased across the broader direct lending market valued at $1.8 trillion, K-FITS saw an increase from 3.43% in the previous quarter to 5.06%. KKR's other private credit fund, KKR FS Income Trust (K-FIT), faced lower redemption pressure, with investors seeking to withdraw 1.53% of shares, down from 1.65% previously. Both funds employ similar investment strategies but are managed separately. K-FIT boasts an 8.64% annualized net return since its launch in March 2023, while K-FITS has delivered 8.64% over the same period.",
  "summary": "KKR's non-traded business development company KKR FS Income Trust Select has agreed to meet all investor withdrawal requests after quarterly repurchase demands narrowly exceeded its 5% redemption limit, according to a report any Bloomberg.",
  "key_points": [
    "KKR FS Income Trust Select (K-FITS) honors all investor withdrawal requests",
    "Fund repurchases 5.06% of outstanding shares despite 5% redemption cap",
    "K-FITS sees redemption pressure rise to 5.06% from 3.43% previously"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}