FS KKR Capital Corp.

FS KKR Capital Corp. (NYSE: FSK) is an externally managed, non-diversified, closed-end management investment company that operates as a business development company (BDC). The company was incorporated on December 21, 2007, and began investment operations on January 2, 2009. It is managed by FS/KKR Advisor, LLC, a registered investment adviser responsible for overseeing operations and making investment decisions. As of December 31, 2025, FS KKR Capital Corp. had total assets of approximately $13.7 billion. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. It achieves these objectives by leveraging the Adviser's management team, employing a defensive investment approach focused on long-term credit performance and principal preservation, and primarily investing in debt instruments of private U.S. companies. This includes middle-market companies, defined as those with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) of $50 million to $150 million at the time of investment. FS KKR Capital Corp. primarily invests in established, stable enterprises with positive cash flows and maintains rigorous portfolio monitoring to anticipate and prevent negative credit events within its portfolio.