FS KKR Capital Corp.

By assets, FS KKR ranks among the largest publicly traded business development companies. It took its current shape in 2021, when FS KKR Capital Corp merged with a sister fund to create a single lender with roughly $15 billion in assets. The fund is advised by FS/KKR Advisor, a partnership between FS Investments and the credit arm of buyout giant KKR, and it lends to private US middle-market companies, mostly through senior secured debt with some subordinated exposure. Scale and KKR's origination reach are the selling points: a bigger balance sheet can write larger checks and diversify across more borrowers. As with every BDC, shareholders own it for a floating-rate dividend, and the risk is credit, since a downturn would push up defaults across a large book of loans to smaller companies.

On MyRWA, FSK trades tokenized across 1 on-chain venue - see the listings below.