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KKR, Sallie Mae Launch Private Credit Partnership

BY MT Newswires | AGENCY | 11/12/25 10:33 AM EST

10:33 AM EST, 11/12/2025 (MT Newswires) -- KKR (KKR) entered a multi-year private credit partnership with Sallie Mae (SLM), Sallie Mae said Wednesday.

Under the partnership, KKR-managed credit funds and accounts will acquire an initial seed portfolio of Sallie Mae's private education loans and at least $2 billion in newly originated loans annually for an initial three-year term through KKR's asset-based finance strategy, Sallie Mae said.

Sallie Mae will maintain customer relationships and continue servicing the loans sold to KKR, while earning ongoing fees for servicing, program management, and industry expertise.

Shares of KKR were up 1.5%, while Sallie Mae shares rose 3.3% in recent trading.

Price: 123.14, Change: +1.78, Percent Change: +1.47

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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