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FSK - FS KKR Capital Yields 12.8% With Solid Future
FS KKR Capital Corp.
FS KKR Capital Corp. (FSK), with more than $7 billion in assets, is by some measures (e.g., market cap) the second-largest business development company ((BDC)), but it has received very little attention or coverage. It was formed in late 2018 by a merger between FS Investment Corp. (FSIC) and Corporate Capital Trust (CCT). Prior to the merger, the management of FSIC had been taken over by FS/KKR Advisor LLC. Under this new management, there were major write-offs of FSIC positions and FSIC stock declined some 29% between April and December 2018.