Dechert Advises KKR on Acquisition of Insight Select Income Fund

Dechert advised KKR Income Opportunities Fund (KIO) and KKR Credit Advisors on the signing of a definitive agreement under which KIO will acquire the assets of Insight Select Income Fund (INSI).

The transaction is expected to close in Q4 2024, pending customary approvals and conditions. Once finalized, INSI's shares will be delisted from all public markets. KIO will continue its investment strategy in secured and unsecured loans and high-yield corporate debt, trading on the New York Stock Exchange under its existing ticker symbol.

KKR Income Opportunities Fund, a diversified closed-end investment company, aims for high current income and secondary capital appreciation.

INSI, a diversified closed-end investment company, seeks capital appreciation by purchasing debt securities below their intrinsic value.

The Dechert team advising KKR included corporate partners Kenneth Young and Allie Wasserman along with associates Ranjini Ramesh and Mary Kate Alexandre; financial services partners William Bielefeld and Matthew Barsamian, and associate Brooke Clark; and tax partners Ari Zak and David Passey.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology.