Kkr Credit Income Fund (KKC) H2 2024 earnings summary

Executive summary

• Audited financial statements for KKR Lending Partners Europe II (Euro) Unlevered SCSp, KKR Lending Partners Europe III (Euro) SCSp, and KKR Global Credit Opportunities Access Fund L.P. and related entities as of December 31, 2024, were released, confirming fair presentation and compliance with US GAAP by Deloitte.

• The funds focus on generating income through investments in European secured debt, high yield bonds, leveraged loans, and structured products, with a diversified portfolio across sectors and geographies.

Financial highlights

• KKR Lending Partners Europe II reported net income of €29.7 million for 2024, with internal rate of return rising from 7.03% to 9.95%.

• KKR Lending Partners Europe III posted net income of €15.2 million, with internal rate of return increasing from 4.31% to 14.88%.

• KKR Global Credit Opportunities Access Fund L.P. reported net investment income of $7.5 million, with total assets of $309.7 million.

• KKR GCOF Access Fund Funding L.P. achieved net income of $22.3 million, with a total return of 8.73% for 2024.

• KKR GCOF Access Fund Holding L.P. recorded net income of $6.4 million and a total return of 21.53%.

Outlook and guidance

• The funds maintain a focus on direct lending and opportunistic investments in European and global credit markets, with continued emphasis on risk-adjusted returns and portfolio diversification.