FSK · FS KKR Capital
What FSK's own Schedule of Investments says, next to the nine peers we track. All figures from SEC filings as of June 30, 2026; updated quarterly.
Portfolio fair value $17.1B · 746 reported positions
with a PIK component
marked below 80
other tracked funds
≥ 5 points
Where FSK meets its peers
Borrowers held both by FSK and by at least one other tracked fund, same lien layer. When the marks disagree, the table doesn't say who's right — it says the question exists.
| Borrower | Lien | Funds | Gap, pts | Marks (% of par) | Combined cost |
|---|---|---|---|---|---|
| Gigamon, Inc. | D? | 2 | 3.1 | FSK:94.3; BXSL:97.4 | $119.6M |
| Cambrex Corp. 2 | D? | 2 | 2.8 | BXSL:97.8; FSK:100.6 | $74.2M |
| Woolpert Holdings, Inc. | D? | 2 | 2.0 | FSK:98.0; BXSL:100.0 | $36.5M |
| Jeppesen Holdings, LLC | D? | 2 | 1.0 | BXSL:99.0; FSK:100.0 | $66.3M |
| Netsmart Technologies, Inc. | D? | 2 | 0.8 | BXSL:97.9; FSK:98.6 | $97.8M |
| Frontline Road Safety, LLC 5 | D? | 2 | 0.7 | FSK:97.1; BXSL:97.8 | $168.9M |
| Medallia, Inc. 2 | D? | 2 | 0.6 | BXSL:49.5; FSK:50.1 | $616.2M |
| Flexera Software, LLC 2 mixed-basis | D? | 2 | 0.4 | FSK:96.2; BXSL:96.6c | $111.4M |
| Integrity Marketing Acquisition, LLC | D? | 2 | 0.2 | BXSL:99.7; FSK:99.9 | $261.4M |
| Granicus, Inc. 3 | D? | 2 | 0.2 | FSK:99.6; BXSL:99.8 | $48.1M |
| MB2 Dental Solutions, LLC 3 | D? | 2 | 0.1 | FSK:99.9; BXSL:100.0 | $196.9M |
| Oxford Global Resources, Inc. 3 | D? | 2 | 0.1 | FSK:99.9; BXSL:100.0 | $130.5M |
| Foundation Risk Partners Corp. 7 | D? | 2 | 0.0 | FSK:100.0; BXSL:100.0 | $135.4M |
| West Star Aviation Acquisition, LLC 2 | D? | 2 | 0.0 | FSK:100.0; BXSL:100.0 | $72.0M |
| Higginbotham Insurance Agency, Inc. | D? | 2 | 0.0 | FSK:100.0; BXSL:100.0 | $11.9M |
Loans FSK marks below 80
The fund's own statement that something is off: USD-par debt positions valued below 80 cents on the dollar, largest by principal first.
| Borrower | Principal | Mark |
|---|---|---|
| Peraton Corp 2 facilities | $297.3M | 68.3–68.8 |
| Solera LLC | $280.2M | 76.9 |
| Medallia Inc | $234.1M | 50.1 |
| ATX Networks Corp 2 facilities | $150.1M | 0.0–61.3 |
| Kellermeyer Bergensons Services LLC | $107.9M | 10.1 |
| Lionbridge Technologies Inc | $61.7M | 24.6 |
| Sorenson Communications LLC | $53.2M | 77.1 |
| Reliant Rehab Hospital Cincinnati LLC | $50.8M | 22.0 |
| Gracent LLC | $38.2M | 70.4 |
| Cubic Corp | $36.7M | 0.0 |
| NBG Home | $32.7M | 24.8 |
| Sweeping Corp of America LLC 2 facilities | $32.3M | 0.0–27.7 |
| Tangoe LLC | $26.3M | 0.0 |
| Worldwise Inc | $20.4M | 27.0 |
| Constellis Holdings LLC | $8.3M | 1.2 |
…and 3 more borrowers below 80 (smaller by principal).
FSK among the ten
| Fund | PIK share | Marked <80 | Equity share | Portfolio FV |
|---|---|---|---|---|
| HTGC Hercules Capital | 35.2% | 1.0% | 4.5% | $5.1B |
| PSEC Prospect Capital | 20.5% | 28.7% | 14.1% | $10.2B |
| GBDC Golub Capital BDC | 18.9% | 2.2% | 4.2% | $8.4B |
| TSLX Sixth Street Specialty Lending | 18.1% | 2.6% | 4.3% | $3.6B |
| BXSL Blackstone Secured Lending | 13.4% | 7.8% | 1.0% | $13.6B |
| OCSL Oaktree Specialty Lending | 11.2% | 8.1% | 4.3% | $3.3B |
| ARCC Ares Capital | 10.5% | 5.4% | 20.0% | $34.4B |
| OBDC Blue Owl Capital Corporation | 9.3% | 7.4% | 11.4% | $19.3B |
| MAIN Main Street Capital | 7.1% | 6.8% | 29.9% | $6.6B |
| FSK FS KKR Capital | 3.5% | 13.1% | 20.8% | $17.1B |
PIK share — % of portfolio fair value in debt carrying a PIK component (venture lenders run structurally higher). Marked <80 — % of USD-par loan book (par-weighted) the fund itself values below 80 cents on the dollar. Sorted by PIK share.
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Notes
- Source: XBRL-tagged Schedule of Investments from FSK's latest 10-Q/10-K (SEC EDGAR), measurement date June 30, 2026.
- Marks are fair value ÷ principal (par), USD-denominated par only; equity and non-USD positions excluded from loan-level tables. Aggregate disclosure rows excluded.
- A mark below 80 is the fund's own valuation, not our judgment. A borrower may have several facilities within the same lien level.
- Quarter-over-quarter history of these figures is tracked in the newsletter.