Stephen Tang

KKR Credit is an active manager which seeks to deliver stable and superior investment returns while managing risk prudently. Their investment approach emphasizes credit fundamentals, a low-medium diversification coupled with a high conviction approach to portfolio construction and a capital preservation mindset. They believe in rigorous portfolio monitoring and management to maximize value. The firm typically invests in European leveraged loans through a number of different types of investment vehicles including managed funds, collateralized loan obligations and credit opportunities funds. Investments are sought across a wide range of countries and industries. They seek LBO investment opportunities with criteria such as large scale in terms of revenues in excess of EUR 500 million and EBITDA above EUR 50 million. They look for top firms in their industry holding market leading positions and displaying strong financial metrics. Also key are firms with a stable, predictable industry profile generally with limited technology and substitution risk.