What is the main purpose of the agreement between KKR and FS Investments?

The agreement is to create a business development company (BDC) platform, combining KKR's investment expertise with FS Investments' BDC operations to offer a comprehensive solution for investors in middle-market credit and income-generating strategies.

How does this partnership benefit KKR?

This partnership allows KKR to expand its offerings in the growing direct lending and alternative credit markets, diversifies its product suite, and potentially attracts a wider range of investors to its managed strategies through the BDC structure.

Where can investors find more information about this transaction?

More information can be found in the joint press release furnished as Exhibit 99.1 to the 8-K filing, and presentation slides related to the transaction are available on KKR's investor relations website (www.kkr.com) in the 'Events & Presentations' section.

Is the information in this 8-K filing considered officially 'filed' for regulatory purposes?

According to General Instruction B.2 of Form 8-K, the information provided under Item 7.01 (Regulation FD Disclosure) and its exhibits are furnished, not filed. Therefore, they are not deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into other filings, unless specifically stated.

KKR & Co. Inc. 8-K: Regulation FD

Summary

KKR & Co. Inc. (KKR) announced on December 11, 2017, a significant strategic partnership with FS Investments to establish a business development company (BDC) platform. This joint venture aims to leverage KKR's extensive investment expertise and FS Investments' established BDC operations to create a comprehensive offering for investors seeking income-generating strategies, particularly in middle-market credit. The creation of this platform represents KKR's commitment to expanding its presence in the direct lending and alternative credit space, offering a more unified and scalable solution. Investors should view this as a move to enhance KKR's product diversification and potentially attract a broader investor base interested in private credit opportunities managed under a BDC structure.

Key Highlights

1KKR and FS Investments have entered into an agreement to create a business development company (BDC) platform.
2This collaboration aims to combine KKR's investment management capabilities with FS Investments' BDC infrastructure.
3The initiative signals KKR's expansion into the middle-market credit and direct lending space.
4The new platform is designed to offer a unified BDC solution to investors.
5A joint press release was issued on December 11, 2017, detailing the agreement.
6Presentation slides regarding the transaction are available on KKR's investor relations website.

KKR & Co. Inc. 8-K Report, Regulation FD Disclosure (Dec 11, 2017)

Summary

Key Highlights

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