AllianzGI leads KKR’s first private credit continuation vehicle
Wednesday, October 28, 2026 · first reported by Alternative Credit Investor and 8 others
KKR closed its first private credit continuation vehicle with more than $460 million in commitments, holding assets of KKR Lending Partners III, with AllianzGI as lead buyer. The vehicle gave existing investors the choice to sell or roll over, and KKR Lending Partners III reported an 11.0% net IRR and 1.7x MOIC as of June 30, 2026.
- Firm
- KKR
- Also named
- AllianzGI
- Size
- $475M
- Stage
- Raising
- People
- Alexander Li
- Asset class
- Secondaries, Credit
- Geography
- North America
Advisers Debevoise & Plimpton (fund counsel), Eastdil Secured (financial adviser), Savills (financial adviser), Evercore (financial adviser)
In the directory
- Debevoise & Plimpton · Legal counsel · fund lawyers at the firm
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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Coverage
9 sources- Alternative Credit InvestorAllianzGI leads KKR’s first private credit continuation vehicle
- AltAssetsKKR launches private credit secondaries push with $460m continuation vehicle
- Commercial ObserverKKR Buys 49% Stake in Alexandria’s San Diego ‘Megacampus’
- IREIKKR invests $475m in Alexandria Real Estate Equities’ Campus Point
- Yahoo FinanceKKR closes on $460M private credit continuation vehicle, with AllianzGI leading
- HedgeCoKKR Closed Its First Private Credit Continuation Vehicle at More Than $460 Million, With AllianzGI Leading
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