FS KKR Capital Corp (FSK)

FS KKR Capital Corp. (NYSE: FSK) is a closed-end fund and business development company that focuses on debt investments in private U.S. middle-market companies. The fund primarily targets senior secured debt, with additional exposure to subordinated debt, first lien and second lien loans, and, to a lesser extent, mezzanine loans. It may source investments through primary transactions with borrowers or through secondary market purchases, and it can also receive warrants or options alongside debt positions. In some cases, it seeks minority equity interests, including common or preferred shares, and may opportunistically invest in corporate bonds and similar debt instruments. The fund is oriented toward established companies rather than start-ups, turnaround situations, or speculative business plans, and it generally targets businesses with annual revenue in the $10 million to $2.5 billion range and EBITDA of about $50 million to $150+ million.

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