When your account size grows, so does your earning potential. With a total cash account of $200,000, you can invest $50,000 in four stocks or exchange traded funds (ETFs) and possibly collect $50,000 worth of annual passive income.
Stake increased by 708,930 shares, with position value rising by $10.50 million New holding: 723,508 shares valued at $10.80 million The position now represents 1.46% of fund AUM, which places it outside the fund's top five holdings
FS KKR Capital Corp ( FSK ) Q3 2025 Earnings Call November 6, 2025 9:00 AM EST Company Participants Anna Kleinhenn Michael Forman - Chairman & CEO Daniel Pietrzak - President, Chief Investment Officer & Director Steven Lilly - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities, LLC, Research Division Arren Cyganovich - Truist Securities, Inc., Research Division Ethan Kaye - Lucid Capital Markets, LLC, Research Division Kenneth Lee - RBC Capital Markets, Research Division Melissa Wedel - JPMorgan Chase & Co, Research Division Paul Johnson - Keefe, Bruyette, & Woods, Inc., Research Division Heli Sheth - Raymond James & Associates, Inc., Research Division Presentation Operator Good morning, ladies and gentlemen. Welcome to the FS KKR Capital Corp.'s Third Quarter 2025 Earnings Conference Call.
| Capital Markets Industry | Financials Sector | Michael Craig Forman CEO | XDUS Exchange | US3026352068 ISIN |
| US Country | 1,383 Employees | 3 Dec 2025 Last Dividend | 16 Jun 2020 Last Split | 16 Apr 2014 IPO Date |
FS KKR Capital Corp. operates as a business development company that specializes in the provision of customized credit solutions to private middle market U.S. companies. It aims to support these companies by primarily investing in senior secured and, to a lesser extent, subordinated debt securities. The firm takes a tailored approach to investments, often participating in both secondary market transactions and primary market opportunities directly with the target companies. With a clear focus on avoiding start-up, turnaround situations, or speculative business ventures, FS KKR Capital Corp. carefully selects its investment targets among small to middle-market firms with substantial annual revenues and EBITDA. Its investment strategy not only focuses on debt instruments but also encompasses equity interests and corporate bonds on an opportunistic basis, intending to facilitate comprehensive financial solutions to its clientele while targeting exits through strategic sales or market transactions.
These are the primary investment focus, providing secure debt to private middle market companies with the loans being backed by the companies' assets. This offers a layer of protection by prioritizing repayment in the event of a default.
FS KKR Capital Corp. invests to a lesser extent in subordinated debt, which carries a higher risk compared to senior secured loans due to its lower priority in repayment hierarchy but potentially offers higher returns. This type of investment targets companies that show strong potential for growth and stability.
These loans are a form of subordinated debt but often come with warrants or rights to convert into equity, providing a hybrid financial solution to companies for growth or transitional financing needs.
In conjunction with debt investments, the firm acquires equity interests such as warrants or options, granting it an ownership stake or the right to purchase stock. This allows the firm to participate in the equity upside of the companies it finances.
On an opportunistic basis, FS KKR Capital Corp. may invest in corporate bonds and other types of debt securities, diversifying its investment portfolio and mitigating risk through fixed-income securities offering regular interest income.
The company also makes minority investments in common or preferred equity of target companies, usually in tandem with debt investments or through co-investments with financial sponsors, aiming to capture equity appreciation.