KKR is preparing to launch its second mezzanine fund, a successor to the KKR Mezzanine Partners Fund, which will be called the KKR Private Credit Opportunities Fund, according to sources familiar with the firm’s plans. This fund will only charge management fees on invested capital, as opposed to its predecessor, which charged fees on committed capital, PDI understands.
Exclusive: KKR plots next mezz fund
The fund is changing its name to KKR Private Credit Opportunities Fund and will only charge fees on invested capital, a policy the firm is implementing on its second special situations fund. Â
