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Greenhaven Road Capital says KKR remains strong amid private credit fears
In Greenhaven Road Capital's Q2 2026 investor letter, the fund reported about an 11% net return for the quarter and said it plans to lower portfolio concentration.
Greenhaven Road Capital, an investment management firm, said in its Q2 2026 investor letter that it still considers KKR & Co. Inc. a “great business” despite market concerns tied to private credit.
According to the letter, the fund posted an approximate 11% net return in the second quarter, and it outlined portfolio changes including lowering concentration and increasing investments with near-term catalysts, along with a proactive approach to taking profits.
Greenhaven Road Capital said several major investments it holds are expected to face significant events later in 2026, and it pointed to weaker market multiples while noting underlying businesses continue to grow.
The letter also discussed KKR & Co. performance details from Aug. 14, 2026, when the stock closed at $114.01 per share, and the firm said it is increasing attention on new investments while KKR is no longer among its top five holdings.