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MANAGEMENT AGREEMENT AND RELATED PARTY TRANSACTIONS (Details) (USD $)
3 Months Ended
Mar. 31, 2015
loan
Mar. 31, 2014
Sep. 30, 2007
Successor Company | CLO Management Fees      
Management Agreement and Related Party Transactions      
Number of CLOs the Company owns less than 100% of subordinated notes 3kfn_RelatedPartyTransactionNumberOfCLOs
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Successor Company | CLO Management Fees | Maximum      
Management Agreement and Related Party Transactions      
Entity's percentage in subordinated notes (as a percent) 100.00%kfn_RelatedPartyTransactionOwnershipPercentageInSubordinateNote
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Successor Company | CLO Management Fees | CLO 2013-1 and CLO 2013-2      
Management Agreement and Related Party Transactions      
Entity's percentage in subordinated notes (as a percent) 100.00%kfn_RelatedPartyTransactionOwnershipPercentageInSubordinateNote
/ us-gaap_DebtInstrumentAxis
= kfn_SeniorSecuredNotes2013CLO1And2013CLO2Member
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Successor Company | Manager      
Management Agreement and Related Party Transactions      
Renewal period 1 year    
Votes for termination, minimum (as a percent) 66.70%kfn_RelatedPartyTransactionManagementAgreementMinimumVotesForTermination
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Notice period for termination 180 days    
Multiplier used to determine termination fee 4kfn_RelatedPartyTransactionManagementAgreementTerminationFeesMultiplier
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Number of 12 month periods considered for calculation of termination fee (in periods) 2kfn_RelatedPartyTransactionManagementAgreementTerminationFeesNumberOfTimesSpecifiedPeriodConsideredForCalculation
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Specified period for which average annual incentive fee to be considered 12 months    
Successor Company | Manager | Base Management Fees      
Management Agreement and Related Party Transactions      
Common share closing price, minimum (in dollars per share) 20.00kfn_RelatedPartyTransactionMinimumCommonStockClosingPricePerShareForWaiverOfFees
/ us-gaap_RelatedPartyTransactionAxis
= kfn_BaseManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Number of consecutive trading days 5 days    
Related party transaction expense 4,053,000us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_BaseManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Successor Company | Manager | Incentive Fees      
Management Agreement and Related Party Transactions      
Related party transaction expense 0us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_IncentiveFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Successor Company | Collateral manager | CLO Management Fees      
Management Agreement and Related Party Transactions      
Fees, waived 500,000kfn_RelatedPartyTransactionFeesWaivedByRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_CollateralManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Related party transaction expense 6,167,000us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_CollateralManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Predecessor Company | Manager | Base Management Fees      
Management Agreement and Related Party Transactions      
Common shares offering     230,400,000kfn_RelatedPartyTransactionCommonSharesOfferingForWhichManagementFeesWaived
/ us-gaap_RelatedPartyTransactionAxis
= kfn_BaseManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Common share right offering     270,000,000kfn_RelatedPartyTransactionCommonSharesRightsOfferingForWhichManagementFeesWaived
/ us-gaap_RelatedPartyTransactionAxis
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/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Fees, waived   2,200,000kfn_RelatedPartyTransactionFeesWaivedByRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
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/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Related party transaction expense   3,622,000us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_BaseManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Predecessor Company | Manager | Incentive Fees      
Management Agreement and Related Party Transactions      
Related party transaction expense   12,882,000us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_IncentiveFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Predecessor Company | Manager | Manager Share-Based Compensation      
Management Agreement and Related Party Transactions      
Related party transaction expense 0us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_ManagerShareBasedCompensationMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
577,000us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_ManagerShareBasedCompensationMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_ManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Predecessor Company | Collateral manager | CLO Management Fees      
Management Agreement and Related Party Transactions      
Fees, waived   1,600,000kfn_RelatedPartyTransactionFeesWaivedByRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_CollateralManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Related party transaction expense   8,536,000us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionAxis
= kfn_CLOManagementFeesMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= kfn_CollateralManagerMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Restricted common shares | Predecessor Company      
Management Agreement and Related Party Transactions      
Share-based compensation   841,000us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Restricted common shares | Predecessor Company | Manager | Manager Share-Based Compensation      
Management Agreement and Related Party Transactions      
Share-based compensation   $ 600,000us-gaap_AllocatedShareBasedCompensationExpense
/ us-gaap_AwardTypeAxis
= us-gaap_RestrictedStockMember
/ us-gaap_RelatedPartyTransactionAxis
= kfn_ManagerShareBasedCompensationMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
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/ us-gaap_StatementScenarioAxis
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