KKR Launches Maritime Leasing Platform With $500 Million Pledged

Alternative asset manager KKR & Co.is debuting a marine container leasing platform, with $500 million in capital already committed from its asset-based finance strategy.

The new business, named Galaxy Container Solutions, will lease container fleets to shipping companies or provide financing for the businesses to acquire them, according to a statement seen by Bloomberg.

Equipment leasing has became a hot spot for private credit lenders, as they continue to expand beyond the realm of traditional corporate lending and into specialty finance. The launch marks KKR’s latest push into asset-based finance, after raising $6.5 billion earlier this year for private ...