KKR Launches Equipment Finance Platform Akrapoint Commercial Capital

KKR announced the launch of Akrapoint, a Denver-based equipment-finance platform formed with experienced industry professionals. Investment funds managed by KKR announced a USD 350 million capital commitment through its asset-based finance strategy. Nate Smith is CEO and co-founder, and Gary Shivers will chair the board. The company focuses on vocational equipment, specialty trailers and industrial machinery for U.S. small and middle-market borrowers. The announced commitment does not establish Akrapoint's AUM or deployed loan balances.