FS KKR Capital Corp. Common Stock (FSK)

Competitors to FS KKR Capital Corp. Common Stock (FSK)

Ares Capital Corporation 

Ares Capital Corporation and FS KKR Capital Corp. both operate in the business development company space, focusing on providing financing solutions to middle-market companies. ARCC boasts a larger portfolio and a more diversified investment approach, which enables it to spread risk more effectively. Furthermore, its established relationships within the industry give it a competitive edge in sourcing proprietary deal flow. Ares Capital has historically performed well in maintaining stable distributions to shareholders, enhancing its reputation as a reliable income investment, providing it with a competitive advantage over FSK.

BlackRock TCP Capital Corp. 

BlackRock TCP Capital Corp. competes with FS KKR Capital Corp. by also targeting middle-market companies for investment opportunities. TCP typically emphasizes direct lending and seeks to generate a high yield from its investments. Leveraging the prominence of the BlackRock brand, TCPC benefits from a broad investor base and significant assets under management, providing it with the capital necessary for larger investments. While both companies share similar investment strategies, TCP's brand recognition and operational scale give it an advantage in attracting investor interest.

New Mountain Finance Corporation

New Mountain Finance Corporation aims its investments primarily towards the middle-market sector similar to FS KKR Capital Corp., but it positions itself with a focus on growth-oriented companies. NMFC places a strong emphasis on due diligence and operational improvements within its portfolio companies, which contributes to higher potential returns. However, FS KKR has a more extensive track record and established presence in the market, which provides it an edge in credibility and nurtured relationships with middle-market businesses. Therefore, while NMFC seeks to compete on growth potential, FS KKR retains an advantage through its market experience and connections.

Oaktree Specialty Lending Corporation 

Oaktree Specialty Lending Corporation engages in the business of providing specialty finance to various sectors, similar to FS KKR. This company distinguishes itself through a focus on distressed assets and a more aggressive approach to investment, which can lead to higher returns. However, Oaktree's concentrated investment strategy also carries more risk compared to FSK's diversified model. While Oaktree may achieve higher periodic returns, the relative stability and lower risk profile of FS KKR makes it attractive for conservative investors, indicating that while Oaktree competes on returns, FS KKR may hold the advantage for risk-averse capital.