Established in August 2006, the KKR Strategic Capital funds follows an investment program substantially similar to KFN. Its strategy is to generate leveraged risk-adjusted returns while minimizing the risk of capital loss by making strategic investments. It targets investments principally in larger capitalization corporations in the following areas: 

• stressed and distressed corporate credit
• market dislocation corporate credit
• private equity co-investments with KKR.

The fund closed on August 31, 2006 with capital commitments of more than $1 billion.

For more, go to the KKR Strategic Capital Fund.