KKR Financial Holdings LLC
KKR Financial Holdings LLC operates as a holding company, which invests in financial assets consisting of corporate loans and securities, including senior secured and unsecured loans, mezzanine loans, distressed and stressed debt securities, marketable and equity securities and credit default and total rate of return swaps. The company operates through two segments: Credit and Other. The Credit segment includes primarily below investment grade corporate debt comprised of senior secured and unsecured loans, mezzanine loans, high yield bonds, and distressed and stressed debt securities. The Other segments include all other portfolio holdings, including oil and natural gas working interests and overriding royalty interests, and commercial real estate investments. Its corporate debt investments are held in collateralized loan obligation transactions that the company uses as long term financing for its corporate debt investments. It is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC. The company was founded on January 17, 2007 and is headquartered in San Francisco, CA.