KKR Limits Redemptions From Asset-Based Fund After 7.2% Sought Withdrawals

KKR & Co. has capped withdrawals at 5% of its asset-based finance fund K-ABF, after the vehicle saw redemption requests of roughly 7.2%.

The private capital giant told investors on Tuesday that K-ABF had seen redemption requests of about $38.4 million, equating to 7.22% of the fund’s aggregate $532.5 million net asset value.