KKR has launched Akrapoint Commercial Capital, a new equipment finance company, committing $350m through its asset-based finance strategy to back a platform targeting small and middle-market businesses.

"As reshoring, electrification and supply chain resilience drive a multi-year capital spending cycle, demand for essential equipment keeps climbing," said Daniel Pietrzak, a partner and global head of private credit at KKR. He said Akrapoint's asset-backed cash flows offered "compelling downside protection that aligns well with our long-term capital."

Akrapoint will finance vocational equipment, specialty trailers, and industrial machinery for businesses across US sectors including manufacturing, energy and power, sanitation and waste, construction, and transportation and logistics.