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KKR Global Private Credit Fund (KIT AUD) “KIT AUD”

A global, multi-strategy Private Credit fund for income-focused investors

Introducing KIT AUD

KIT AUD is a globally diversified open-ended private credit strategy that seeks to deliver compelling risk-adjusted returns with a focus on current income generation.

Demystify KIT AUD Strategy

Watch Jason Phillips' Livewire interview to explore KKR's differentiated approach and KIT AUD strategy.

Asset-Based Finance (ABF) is On the Rise

Explore KKR's Asset-Based Finance (ABF) investment strategy with Varun Khanna in the Livewire interview.

Reasons to Consider KIT AUD

Direct Lending & Asset-Based Finance

Access to global direct lending and asset-based finance in a single allocation

Targets 9-10% Net Annual Distribution¹

Target 9-10% net annual distribution from a diversified portfolio with strong focus on downside protection¹

Immediate Portfolio Exposure²

Immediate exposure to a portfolio that aims to be income-generating and focuses on large and growing addressable end markets³

Indicative target return for KKR-Income Trust I, a sub-fund of KKR-Income Trust SCA SICAV-RAIF (‘Underlying Fund’). Downside protection is no guarantee against future losses. Targeted returns referred to on this website are hypothetical in nature and are described for illustrative, informational purposes only. Such targeted returns are not intended to forecast or predict future events, but rather to indicate the returns for the asset classes listed herein that KKR Credit has observed in the market generally and do not reflect the actual or expected returns of any portfolio strategy of KIT, KIT AUD or any other investment fund or account and do not guarantee future results.
An investment in KIT AUD involves a high degree of risk that can result in substantial losses. An investment in KIT AUD involves subscribing to shares of a collective investment and not of a given underlying asset.
Private credit assets under management are projected to grow from $1.6 trillion at year end 2023 to $2.8 trillion by year end 2028. Source: Preqin, Future of Alternatives. Asset-based finance market projected to grow from $5.2 trillion at year end 2022 to $7.7 trillion by year end 2027. Source: Integer Advisors and KKR Credit research estimates based on latest available data as of September 30, 2022, sourced from country-specific official / trade bodies as well as company reports. Represents the private financial assets originated and held by non-banks based globally, related to household (including mortgages) and business credit. Excludes loans securitized or sold to government agencies and assets acquired in the capital markets or through other secondary/ syndicated channels.

There are several risks associated with investment in KIT AUD. Please refer to the Product Disclosure Statement for more information on risks. Key risks for the Fund include illiquid and long term investments risk, high yield investment risk, credit risk and interest rate risk.

Unless indicated, the above reflects the current market views, opinions and expectations of KKR based on its historical experience. Investments in credit strategies are subject to several risks, and there is no guarantee that any fund’s investment program will be successful or that an investor will realize a return of invested capital. An investment in KIT AUD involves a high degree of risk that can result in substantial losses. There can be no assurance that KIT AUD will achieve its targets or that investors will receive a return of any capital. Diversification does not guarantee returns or capital preservation.

A Robust Private Credit Solution in a Single Strategy

KIT Portfolio Building Blocks

Direct Lending

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Privately originated senior secured corporate debt
KKR targets upper mid-market borrowers that KKR believes are more resilient to economic downturns
Focus on floating-rate assets which seek to provide inflation and interest rate hedges
Control of transaction structure and terms

Asset-Based Finance

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Proprietary, private investments backed by large diversified pools of financial and hard assets
Underlying assets typically produce contractual, recurring cash flows
Focus on underserved, hard to access, mispriced assets

There are several risks associated with investment in KIT AUD. Please refer to the Product Disclosure Statement for more information on risks.

Investments in private credit strategies are subject to several risks and there is no guarantee that any investment program will be successful or that an investor will realize a return of invested capital. There can be no assurance investment objectives will be achieved.

Target Portfolio

Strategy

Geography

The above information regarding the strategy is presented for illustrative purposes only and should not be relied upon as it may be incomplete. It is based on indicative target portfolio of the Underlying Fund, and may change from time to time. Please refer to the Product Disclosure Statement for further information and before making an investment decision.

Designed as an Efficient Way to Access Private Credit

Monthly Subscriptions and Redemptions¹

No Capital Calls / Drawdowns

Conservative Leverage

Redemptions will generally be processed on the last Calendar Day of each month (‘Redemption Date’). Note that an investor’s ability to redeem will be subject to various factors including available cash in KIT AUD and KIT AUD’s ability to redeem from the Underlying Fund. Please refer to the Product Disclosure Statement for more information on redemptions.

It is anticipated that redemption proceeds will be paid approximately 44 Calendar Days from request. However, under the Constitution while liquid, CIML may redeem Units within 585 days following acceptance of the redemption request. If the Fund is not liquid, withdrawals from the Fund will only be permitted under a regulated withdrawal offer under the Corporations Act. Investors should note the Underlying Fund invests in highly illiquid investments which may limit the ability of KIT AUD to redeem its holdings in the Underlying Fund. By extension, CIML may be limited in its ability to accept redemptions in KIT AUD.

Investments in Private Credit strategies are subject to several risks and there is no guarantee that any investment program will be successful or that an investor will realize a return of invested capital. There can be no assurance investment objectives will be achieved. For further information, investors should refer to the Product Disclosure Statement.

Research Ratings

The following information is only available to professional advisers. By clicking the Agree button below, you confirm that you are a professional adviser.

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The rating issued October 2025 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned 18 March 2025 for the KKR Global Private Credit Fund (KIT AUD)) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines/.

Learn More About Private Credit

Discover the latest insights from KKR’s Private Credit and Global Macro & Asset Allocation teams.

LEARN MORE

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Important Information

This information has been prepared for use only by wholesale clients (as defined under the Corporations Act 2001 (Cth)). This website and its contents are issued solely by Channel Investment Management Limited ACN 163 234 240 AFSL 439007 ('CIML'). They are not issued by KKR Australia Investment Management Pty Ltd or any of its affiliates (collectively KKR) and any financial product advice they may contain is issued by the issuer of this website and its contents, being CIML.

CIML is the Responsible Entity for the KKR Global Private Credit Fund (KIT AUD) ARSN 677 217 668 (the 'Fund'). Channel Capital Pty Ltd ACN 162 591 568 AR No. 1274413 ('Channel') is the holding company of CIML and has been appointed as Kohlberg Kravis Roberts & Co’s ('KKR') distribution partner. Neither CIML, nor KKR, its officers, or employees make any representations or warranties, express or implied as to the accuracy, reliability or completeness of the information contained on this website and nothing contained on this website is or shall be relied upon as a promise or representation, whether as to the past or the future. Past performance is not a reliable indication of future performance.

This information is given in summary form and does not purport to be complete. The Information should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling units in the Fund and does not take into account an investor’s particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. For further information and before investing, please read the Product Disclosure Statement and Target Market Determination for the Fund, available at www.channelcapital.com.au.

Channel has a financial incentive to recommend KKR’s products to prospective investors, resulting in a material conflict of interest. Other potential and actual conflicts of interest which exist and/or arise from Channel's current and future business activities and relationships with KKR, its affiliates and investors (including those solicited by Channel) and portfolio companies of KKR-managed funds and accounts ('Portfolio Companies') include Channel and its personnel may from time to time invest in Portfolio Companies and/or companies that have interests different from or adverse to the Fund or other KKR clients and/or their Portfolio Companies. Channel is also entitled to be indemnified from and against any actual and direct liabilities, losses, damages, costs or expenses (including legal fees) arising out of its services, including any claims, demands, actions, suits or proceedings in which Channel may be involved, or threatened to be involved in connection with its engagement by KKR. As a result, the Fund may be required to reimburse Channel or KKR for any expenses incurred in the defence of, or in response to, any such action, although Channel’s engagement with KKR includes certain carve outs to the above indemnification and reimbursement obligations including where such losses arise solely out of our bad faith, fraud, wilful misconduct, gross negligence or a material breach of Channel's agreement with KKR. None of Channel or its affiliates, officers, employees, shareholders or agents are officers, employees, members, partners or agents of KKR, the Fund or their respective affiliates and may not be viewed as such. Channel is not an affiliate of KKR for the purposes of the U.S. Investment Advisers Act of 1940, as amended.

On this website, references to “assets under management” or “AUM” represent the assets under management that are reported by KKR & Co. Inc. (NYSE: KKR) as a public company. This definition of AUM includes assets managed or advised by KKR from which KKR is entitled to receive a fee or carried interest from fund investors and other investment vehicles, capital committed by KKR as a general partner to its funds and a pro rata portion of the AUM of certain third-party managers based on KKR’s ownership percentage in them. KKR’s definition of AUM is not based on any definition of AUM that may be set forth in the agreements governing the investment funds, vehicles or accounts that KKR manages or calculated pursuant to any regulatory definitions.