KKR Financial Holdings LLC, together with its subsidiaries is a specialty finance company. The Company invests in financial assets primarily consisting of corporate loans and securities, including senior secured and unsecured loans, mezzanine loans, high yield corporate bonds, distressed and stressed debt securities, marketable and non-marketable equity securities, and credit default and total rate of return swaps. The Company's corporate debt investments are held in collateralized loan obligation (CLO) transactions that the Company uses as long term financing for these investments.