ORGANIZATION	12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION KKR Financial Holdings LLC together with its subsidiaries (the “Company” or “KFN”) is a specialty finance company with expertise in a range of asset classes. The Company’s core business strategy is to leverage the proprietary resources of KKR Financial Advisors LLC (the “Manager”) with the objective of generating current income. The Company’s holdings primarily consist of below investment grade syndicated corporate loans, also known as leveraged loans, high yield debt securities and interests in joint ventures and partnerships. The corporate loans that the Company holds are typically purchased via assignment or participation in the primary or secondary market. The majority of the Company’s holdings consist of corporate loans and high yield debt securities held in collateralized loan obligation (“CLO”) transactions that are structured as sheet securitizations and are used as long term financing for the Company’s investments in corporate debt. The senior secured debt issued by the CLO transactions is primarily owned by unaffiliated third party investors and the Company owns the majority of the subordinated notes in the CLO transactions. The Company executes its core business strategy through its subsidiaries, including CLOs. On April 30, 2014, the Company completed a merger whereby KKR Fund Holdings L.P. ("Parent"), a subsidiary of KKR & Co. L.P. ("KKR & Co." and, together with its subsidiaries, "KKR"), acquired all of the Company's outstanding common shares through an exchange of equity through which its shareholders received 0.51 common units representing limited partner interests of KKR & Co. for each common share of KFN (the “Merger Transaction”). Following the Merger Transaction, Parent became the sole holder of all of the Company's outstanding common shares. As of the close of trading on April 30, 2014, the Company's common shares were delisted on the New York Stock Exchange (“NYSE”). However, the Company’s 7.375% Series A LLC Preferred Shares (“Series A LLC Preferred Shares”), senior notes and junior subordinated notes remain outstanding. The Company is externally managed and advised by its Manager pursuant to an amended and restated management agreement (as amended the “Management Agreement”). The Manager is a subsidiary of KKR & Co.

ORGANIZATION

KKR Financial Holdings LLC together with its subsidiaries (the “Company” or “KFN”) is a specialty finance company with expertise in a range of asset classes. The Company’s core business strategy is to leverage the proprietary resources of KKR Financial Advisors LLC (the “Manager”) with the objective of generating current income. The Company’s holdings primarily consist of below investment grade syndicated corporate loans, also known as leveraged loans, high yield debt securities and interests in joint ventures and partnerships. The corporate loans that the Company holds are typically purchased via assignment or participation in the primary or secondary market.

The majority of the Company’s holdings consist of corporate loans and high yield debt securities held in collateralized loan obligation (“CLO”) transactions that are structured as sheet securitizations and are used as long term financing for the Company’s investments in corporate debt. The senior secured debt issued by the CLO transactions is primarily owned by unaffiliated third party investors and the Company owns the majority of the subordinated notes in the CLO transactions. The Company executes its core business strategy through its subsidiaries, including CLOs.

On April 30, 2014, the Company completed a merger whereby KKR Fund Holdings L.P. ("Parent"), a subsidiary of KKR & Co. L.P. ("KKR & Co." and, together with its subsidiaries, "KKR"), acquired all of the Company's outstanding common shares through an exchange of equity through which its shareholders received 0.51 common units representing limited partner interests of KKR & Co. for each common share of KFN (the “Merger Transaction”). Following the Merger Transaction, Parent became the sole holder of all of the Company's outstanding common shares. As of the close of trading on April 30, 2014, the Company's common shares were delisted on the New York Stock Exchange (“NYSE”). However, the Company’s 7.375% Series A LLC Preferred Shares (“Series A LLC Preferred Shares”), senior notes and junior subordinated notes remain outstanding.

The Company is externally managed and advised by its Manager pursuant to an amended and restated management agreement (as amended the “Management Agreement”). The Manager is a subsidiary of KKR & Co.