KKR Curbs Redemptions in Non-Traded Private Credit Retail Fund

KKR & Co.’s non-traded business development company KKR FS Income Trust, a type of private credit fund for retail investors, curbed redemptions after receiving an increase in such requests, according to a shareholder letter.

The fund, known as K-FIT, received tendered repurchase requests totaling 6.3% of the outstanding shares during the repurchase period that ended on March 30, the firm said in a shareholder letter dated March 31.