KKR & Co is looking to launch a new euro-denominated direct lending fund that will give investors more flexibility in depositing and withdrawing their cash than typical closed-ended funds, according to a report by Bloomberg.
KKR & Co is looking to launch a new euro-denominated direct lending fund that will give investors more flexibility in depositing and withdrawing their cash than typical closed-ended funds, according to a report by Bloomberg.
The report cites unnamed sources with direct knowledge of the Katter as revealing that the new fund, which will primarily provides unitranche loans to European private equity-owned businesses, has a permanent capital structure, meaning investors can put in and withdraw cash on an ongoing basis.
With more mainstream private debt funds, investors can have their capital locked up for as long as 10 years.
