KKR Financial Holdings is a specialty finance company that invests in a variety of financial products, primarily below-investment-grade corporate debt, as well as public and private equity. Its portfolio, which weighs in at more than $8 billion, includes syndicated bank loans, mezzanine loans, high-yield corporate bonds, asset-backed securities, commercial real estate, and debt and equity securities. KKR Financial Holdings is externally managed by KKR Financial Advisors; both firms are affiliates of private equity and leveraged buyout giant KKR & Co.