KKR’s $6.5 Billion ABF Fundraising Expands Private Credit Platform Amid 253rd Trading Rank and 0.38% Share Decline

July 30, 2025, saw KKR (NYSE: KKR) decline 0.38% with a trading volume of $480 million, ranking 253rd in market activity. The asset manager announced the finalization of a $6.5 billion fundraising for its asset-based finance (ABF) strategy, marking a pivotal expansion in its private credit platform.

The capital raise includes $5.6 billion for KKR Asset-Based Finance Partners II (ABFP II) and nearly $1 billion through separately managed accounts. This brings the fund’s total size to over 2.5 times its predecessor, reflecting strong investor confidence in KKR’s ABF capabilities. The firm highlighted the $6 trillion ABF market’s potential to grow beyond $9 trillion by 2029, emphasizing its focus on non-corporate collateral-backed cash flows across sectors like consumer/mortgage finance, commercial finance, hard assets, and contractual cash flows.

KKR’s ABF strategy, established in 2016, now manages over $74 billion in assets, supported by a global team of 50 professionals. The firm’s dual investment approaches—opportunistic and high-grade—allow it to target diverse risk-return profiles. The fundraising attracted a broad investor base, including public pensions, sovereign wealth funds, and private banks, underscoring the strategy’s appeal amid evolving market dynamics.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day has delivered a 166.71% return from 2022 to July 30, 2025. This outperformed the benchmark return of 29.18%, generating an excess return of 137.53%. The compound annual growth rate (CAGR) for this strategy was 31.89%, indicating strong risk-adjusted performance and capital appreciation potential.