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<!--Generated by DFIN XBRL Instance Document - http://www.dfinsolutions.com/ - Version R3.0 - on 27-February-2023 [04:57:28] {PM}-->
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<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_LimitedOperatingHistoryRiskMember" xlink:label="loc_kcop_LimitedOperatingHistoryRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_LimitedOperatingHistoryRiskMember" xml:lang="en-US">Limited Operating History Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_LimitedOperatingHistoryRiskMember" xlink:to="lab_kcop_LimitedOperatingHistoryRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RepurchaseOffersRiskMember" xlink:label="loc_kcop_RepurchaseOffersRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RepurchaseOffersRiskMember" xml:lang="en-US">Repurchase Offers Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RepurchaseOffersRiskMember" xlink:to="lab_kcop_RepurchaseOffersRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_InvestmentAndMarketRiskMember" xlink:label="loc_kcop_InvestmentAndMarketRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_InvestmentAndMarketRiskMember" xml:lang="en-US">Investment and Market Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_InvestmentAndMarketRiskMember" xlink:to="lab_kcop_InvestmentAndMarketRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_IlliquidAndLongTermInvestmentsRiskMember" xlink:label="loc_kcop_IlliquidAndLongTermInvestmentsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_IlliquidAndLongTermInvestmentsRiskMember" xml:lang="en-US">Illiquid and Long Term Investments Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_IlliquidAndLongTermInvestmentsRiskMember" xlink:to="lab_kcop_IlliquidAndLongTermInvestmentsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_FixedIncomeInstrumentsRiskMember" xlink:label="loc_kcop_FixedIncomeInstrumentsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_FixedIncomeInstrumentsRiskMember" xml:lang="en-US">Fixed Income Instruments Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_FixedIncomeInstrumentsRiskMember" xlink:to="lab_kcop_FixedIncomeInstrumentsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_InterestRateRiskMember" xlink:label="loc_kcop_InterestRateRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_InterestRateRiskMember" xml:lang="en-US">Interest Rate Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_InterestRateRiskMember" xlink:to="lab_kcop_InterestRateRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_SeniorLoansRiskMember" xlink:label="loc_kcop_SeniorLoansRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_SeniorLoansRiskMember" xml:lang="en-US">Senior Loans Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_SeniorLoansRiskMember" xlink:to="lab_kcop_SeniorLoansRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_CreditRiskMember" xlink:label="loc_kcop_CreditRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_CreditRiskMember" xml:lang="en-US">Credit Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_CreditRiskMember" xlink:to="lab_kcop_CreditRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_LeverageRiskMember" xlink:label="loc_kcop_LeverageRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_LeverageRiskMember" xml:lang="en-US">Leverage Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_LeverageRiskMember" xlink:to="lab_kcop_LeverageRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_SubordinatedAndUnsecuredOrPartiallySecuredLoansRiskMember" xlink:label="loc_kcop_SubordinatedAndUnsecuredOrPartiallySecuredLoansRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_SubordinatedAndUnsecuredOrPartiallySecuredLoansRiskMember" xml:lang="en-US">Subordinated and Unsecured or Partially Secured Loans Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_SubordinatedAndUnsecuredOrPartiallySecuredLoansRiskMember" xlink:to="lab_kcop_SubordinatedAndUnsecuredOrPartiallySecuredLoansRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_MezzanineSecuritiesRiskMember" xlink:label="loc_kcop_MezzanineSecuritiesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_MezzanineSecuritiesRiskMember" xml:lang="en-US">Mezzanine Securities Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_MezzanineSecuritiesRiskMember" xlink:to="lab_kcop_MezzanineSecuritiesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_BelowInvestmentGradeInstrumentsRiskMember" xlink:label="loc_kcop_BelowInvestmentGradeInstrumentsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_BelowInvestmentGradeInstrumentsRiskMember" xml:lang="en-US">Below Investment Grade Instruments Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_BelowInvestmentGradeInstrumentsRiskMember" xlink:to="lab_kcop_BelowInvestmentGradeInstrumentsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_StressedAndDistressedInvestmentsRiskMember" xlink:label="loc_kcop_StressedAndDistressedInvestmentsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_StressedAndDistressedInvestmentsRiskMember" xml:lang="en-US">Stressed and Distressed Investments Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_StressedAndDistressedInvestmentsRiskMember" xlink:to="lab_kcop_StressedAndDistressedInvestmentsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RiskOfInvestmentsInHighlyLeveragedCompaniesMember" xlink:label="loc_kcop_RiskOfInvestmentsInHighlyLeveragedCompaniesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RiskOfInvestmentsInHighlyLeveragedCompaniesMember" xml:lang="en-US">Risk of Investments in Highly Leveraged Companies [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RiskOfInvestmentsInHighlyLeveragedCompaniesMember" xlink:to="lab_kcop_RiskOfInvestmentsInHighlyLeveragedCompaniesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RiskOfInvestmentsInCompaniesInRegulatedIndustriesMember" xlink:label="loc_kcop_RiskOfInvestmentsInCompaniesInRegulatedIndustriesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RiskOfInvestmentsInCompaniesInRegulatedIndustriesMember" xml:lang="en-US">Risk of Investments in Companies in Regulated Industries [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RiskOfInvestmentsInCompaniesInRegulatedIndustriesMember" xlink:to="lab_kcop_RiskOfInvestmentsInCompaniesInRegulatedIndustriesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RiskOfInvestmentsInTheAirlineIndustryMember" xlink:label="loc_kcop_RiskOfInvestmentsInTheAirlineIndustryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RiskOfInvestmentsInTheAirlineIndustryMember" xml:lang="en-US">Risk of Investments in the Airline Industry [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RiskOfInvestmentsInTheAirlineIndustryMember" xlink:to="lab_kcop_RiskOfInvestmentsInTheAirlineIndustryMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RiskOfInvestmentsInTheShippingIndustryMember" xlink:label="loc_kcop_RiskOfInvestmentsInTheShippingIndustryMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RiskOfInvestmentsInTheShippingIndustryMember" xml:lang="en-US">Risk of Investments in the Shipping Industry [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RiskOfInvestmentsInTheShippingIndustryMember" xlink:to="lab_kcop_RiskOfInvestmentsInTheShippingIndustryMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_EnergyRelatedInvestmentsRiskMember" xlink:label="loc_kcop_EnergyRelatedInvestmentsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_EnergyRelatedInvestmentsRiskMember" xml:lang="en-US">Energy Related Investments Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_EnergyRelatedInvestmentsRiskMember" xlink:to="lab_kcop_EnergyRelatedInvestmentsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RealEstateInvestmentsRiskMember" xlink:label="loc_kcop_RealEstateInvestmentsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RealEstateInvestmentsRiskMember" xml:lang="en-US">Real Estate Investments Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RealEstateInvestmentsRiskMember" xlink:to="lab_kcop_RealEstateInvestmentsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ShortSellingRiskMember" xlink:label="loc_kcop_ShortSellingRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ShortSellingRiskMember" xml:lang="en-US">Short Selling Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ShortSellingRiskMember" xlink:to="lab_kcop_ShortSellingRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_PrepaymentRiskMember" xlink:label="loc_kcop_PrepaymentRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_PrepaymentRiskMember" xml:lang="en-US">Prepayment Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_PrepaymentRiskMember" xlink:to="lab_kcop_PrepaymentRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_CreditDerivativesRiskMember" xlink:label="loc_kcop_CreditDerivativesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_CreditDerivativesRiskMember" xml:lang="en-US">Credit Derivatives Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_CreditDerivativesRiskMember" xlink:to="lab_kcop_CreditDerivativesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_DerivativesRiskMember" xlink:label="loc_kcop_DerivativesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_DerivativesRiskMember" xml:lang="en-US">Derivatives Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_DerivativesRiskMember" xlink:to="lab_kcop_DerivativesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_StructuredProductsRiskMember" xlink:label="loc_kcop_StructuredProductsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_StructuredProductsRiskMember" xml:lang="en-US">Structured Products Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_StructuredProductsRiskMember" xlink:to="lab_kcop_StructuredProductsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_PikRiskMember" xlink:label="loc_kcop_PikRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_PikRiskMember" xml:lang="en-US">PIK Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_PikRiskMember" xlink:to="lab_kcop_PikRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_AssetbackedSecuritiesRiskMember" xlink:label="loc_kcop_AssetbackedSecuritiesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_AssetbackedSecuritiesRiskMember" xml:lang="en-US">AssetBacked Securities Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_AssetbackedSecuritiesRiskMember" xlink:to="lab_kcop_AssetbackedSecuritiesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_MortgageBackedSecuritiesRiskMember" xlink:label="loc_kcop_MortgageBackedSecuritiesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_MortgageBackedSecuritiesRiskMember" xml:lang="en-US">Mortgage Backed Securities Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_MortgageBackedSecuritiesRiskMember" xlink:to="lab_kcop_MortgageBackedSecuritiesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RepurchaseAgreementsRiskMember" xlink:label="loc_kcop_RepurchaseAgreementsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RepurchaseAgreementsRiskMember" xml:lang="en-US">Repurchase Agreements Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RepurchaseAgreementsRiskMember" xlink:to="lab_kcop_RepurchaseAgreementsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ReverseRepurchaseAgreementsAndDollarRollsRiskMember" xlink:label="loc_kcop_ReverseRepurchaseAgreementsAndDollarRollsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ReverseRepurchaseAgreementsAndDollarRollsRiskMember" xml:lang="en-US">Reverse Repurchase Agreements and Dollar Rolls Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ReverseRepurchaseAgreementsAndDollarRollsRiskMember" xlink:to="lab_kcop_ReverseRepurchaseAgreementsAndDollarRollsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_SwapRiskMember" xlink:label="loc_kcop_SwapRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_SwapRiskMember" xml:lang="en-US">Swap Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_SwapRiskMember" xlink:to="lab_kcop_SwapRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_OptionsAndFuturesRiskMember" xlink:label="loc_kcop_OptionsAndFuturesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_OptionsAndFuturesRiskMember" xml:lang="en-US">Options and Futures Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_OptionsAndFuturesRiskMember" xlink:to="lab_kcop_OptionsAndFuturesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_InvestmentCompaniesRiskMember" xlink:label="loc_kcop_InvestmentCompaniesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_InvestmentCompaniesRiskMember" xml:lang="en-US">Investment Companies Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_InvestmentCompaniesRiskMember" xlink:to="lab_kcop_InvestmentCompaniesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_CounterpartyAndPrimeBrokerageRiskMember" xlink:label="loc_kcop_CounterpartyAndPrimeBrokerageRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_CounterpartyAndPrimeBrokerageRiskMember" xml:lang="en-US">Counterparty and Prime Brokerage Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_CounterpartyAndPrimeBrokerageRiskMember" xlink:to="lab_kcop_CounterpartyAndPrimeBrokerageRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_LenderLiabilityRiskMember" xlink:label="loc_kcop_LenderLiabilityRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_LenderLiabilityRiskMember" xml:lang="en-US">Lender Liability Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_LenderLiabilityRiskMember" xlink:to="lab_kcop_LenderLiabilityRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_BorrowerFraudCovenantliteLoansBreachOfCovenantMember" xlink:label="loc_kcop_BorrowerFraudCovenantliteLoansBreachOfCovenantMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_BorrowerFraudCovenantliteLoansBreachOfCovenantMember" xml:lang="en-US">Borrower Fraud CovenantLite Loans Breach of Covenant [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_BorrowerFraudCovenantliteLoansBreachOfCovenantMember" xlink:to="lab_kcop_BorrowerFraudCovenantliteLoansBreachOfCovenantMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_DistressedDebtLitigationBankruptcyAndOtherProceedingsMember" xlink:label="loc_kcop_DistressedDebtLitigationBankruptcyAndOtherProceedingsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_DistressedDebtLitigationBankruptcyAndOtherProceedingsMember" xml:lang="en-US">Distressed Debt, Litigation, Bankruptcy and Other Proceedings [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_DistressedDebtLitigationBankruptcyAndOtherProceedingsMember" xlink:to="lab_kcop_DistressedDebtLitigationBankruptcyAndOtherProceedingsMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ConvertibleSecuritiesRiskMember" xlink:label="loc_kcop_ConvertibleSecuritiesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ConvertibleSecuritiesRiskMember" xml:lang="en-US">Convertible Securities Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ConvertibleSecuritiesRiskMember" xlink:to="lab_kcop_ConvertibleSecuritiesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_WhenIssuedSecuritiesAndForwardCommitmentsMember" xlink:label="loc_kcop_WhenIssuedSecuritiesAndForwardCommitmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_WhenIssuedSecuritiesAndForwardCommitmentsMember" xml:lang="en-US">When Issued Securities and Forward Commitments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_WhenIssuedSecuritiesAndForwardCommitmentsMember" xlink:to="lab_kcop_WhenIssuedSecuritiesAndForwardCommitmentsMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_NonControllingEquityInvestmentsInvestmentsInEquitySecuritiesInvestmentsAndJointVenturesWithThirdPartiesMember" xlink:label="loc_kcop_NonControllingEquityInvestmentsInvestmentsInEquitySecuritiesInvestmentsAndJointVenturesWithThirdPartiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_NonControllingEquityInvestmentsInvestmentsInEquitySecuritiesInvestmentsAndJointVenturesWithThirdPartiesMember" xml:lang="en-US">Non Controlling Equity Investments Investments in Equity Securities Investments and Joint Ventures with Third Parties [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_NonControllingEquityInvestmentsInvestmentsInEquitySecuritiesInvestmentsAndJointVenturesWithThirdPartiesMember" xlink:to="lab_kcop_NonControllingEquityInvestmentsInvestmentsInEquitySecuritiesInvestmentsAndJointVenturesWithThirdPartiesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_UsGovernmentDebtSecuritiesRiskMember" xlink:label="loc_kcop_UsGovernmentDebtSecuritiesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_UsGovernmentDebtSecuritiesRiskMember" xml:lang="en-US">US Government Debt Securities Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_UsGovernmentDebtSecuritiesRiskMember" xlink:to="lab_kcop_UsGovernmentDebtSecuritiesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_NonUSSecuritiesRiskMember" xlink:label="loc_kcop_NonUSSecuritiesRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_NonUSSecuritiesRiskMember" xml:lang="en-US">Non U S Securities Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_NonUSSecuritiesRiskMember" xlink:to="lab_kcop_NonUSSecuritiesRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_EmergingMarketsRiskMember" xlink:label="loc_kcop_EmergingMarketsRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_EmergingMarketsRiskMember" xml:lang="en-US">Emerging Markets Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_EmergingMarketsRiskMember" xlink:to="lab_kcop_EmergingMarketsRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ForeignCurrencyRiskMember" xlink:label="loc_kcop_ForeignCurrencyRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ForeignCurrencyRiskMember" xml:lang="en-US">Foreign Currency Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ForeignCurrencyRiskMember" xlink:to="lab_kcop_ForeignCurrencyRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_EurozoneRiskMember" xlink:label="loc_kcop_EurozoneRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_EurozoneRiskMember" xml:lang="en-US">Eurozone Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_EurozoneRiskMember" xlink:to="lab_kcop_EurozoneRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_LiborReplacementRiskMember" xlink:label="loc_kcop_LiborReplacementRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_LiborReplacementRiskMember" xml:lang="en-US">LIBOR Replacement Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_LiborReplacementRiskMember" xlink:to="lab_kcop_LiborReplacementRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_LegalAndRegulatoryRiskMember" xlink:label="loc_kcop_LegalAndRegulatoryRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_LegalAndRegulatoryRiskMember" xml:lang="en-US">Legal and Regulatory Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_LegalAndRegulatoryRiskMember" xlink:to="lab_kcop_LegalAndRegulatoryRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_EventDrivenInvestingMember" xlink:label="loc_kcop_EventDrivenInvestingMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_EventDrivenInvestingMember" xml:lang="en-US">Event Driven Investing [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_EventDrivenInvestingMember" xlink:to="lab_kcop_EventDrivenInvestingMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ValuationRiskMember" xlink:label="loc_kcop_ValuationRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ValuationRiskMember" xml:lang="en-US">Valuation Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ValuationRiskMember" xlink:to="lab_kcop_ValuationRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_LiquidityRiskMember" xlink:label="loc_kcop_LiquidityRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_LiquidityRiskMember" xml:lang="en-US">Liquidity Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_LiquidityRiskMember" xlink:to="lab_kcop_LiquidityRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_InflationdeflationRiskMember" xlink:label="loc_kcop_InflationdeflationRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_InflationdeflationRiskMember" xml:lang="en-US">InflationDeflation Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_InflationdeflationRiskMember" xlink:to="lab_kcop_InflationdeflationRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ConflictsOfInterestRiskMember" xlink:label="loc_kcop_ConflictsOfInterestRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ConflictsOfInterestRiskMember" xml:lang="en-US">Conflicts of Interest Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ConflictsOfInterestRiskMember" xlink:to="lab_kcop_ConflictsOfInterestRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_UncertainTaxTreatmentMember" xlink:label="loc_kcop_UncertainTaxTreatmentMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_UncertainTaxTreatmentMember" xml:lang="en-US">Uncertain Tax Treatment [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_UncertainTaxTreatmentMember" xlink:to="lab_kcop_UncertainTaxTreatmentMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ComplexTransactionsContingentLiabilitiesguaranteesAndIndemnitiesMember" xlink:label="loc_kcop_ComplexTransactionsContingentLiabilitiesguaranteesAndIndemnitiesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ComplexTransactionsContingentLiabilitiesguaranteesAndIndemnitiesMember" xml:lang="en-US">Complex Transactions Contingent LiabilitiesGuarantees and Indemnities [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ComplexTransactionsContingentLiabilitiesguaranteesAndIndemnitiesMember" xlink:to="lab_kcop_ComplexTransactionsContingentLiabilitiesguaranteesAndIndemnitiesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_AvailabilityOfInvestmentOpportunitiesCompetitionMember" xlink:label="loc_kcop_AvailabilityOfInvestmentOpportunitiesCompetitionMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_AvailabilityOfInvestmentOpportunitiesCompetitionMember" xml:lang="en-US">Availability of Investment Opportunities Competition [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_AvailabilityOfInvestmentOpportunitiesCompetitionMember" xlink:to="lab_kcop_AvailabilityOfInvestmentOpportunitiesCompetitionMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_DependenceOnKeyPersonnelRiskMember" xlink:label="loc_kcop_DependenceOnKeyPersonnelRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_DependenceOnKeyPersonnelRiskMember" xml:lang="en-US">Dependence on Key Personnel Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_DependenceOnKeyPersonnelRiskMember" xlink:to="lab_kcop_DependenceOnKeyPersonnelRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_MaterialRisksOfSignificantMethodsOfAnalysisMember" xlink:label="loc_kcop_MaterialRisksOfSignificantMethodsOfAnalysisMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_MaterialRisksOfSignificantMethodsOfAnalysisMember" xml:lang="en-US">Material Risks of Significant Methods of Analysis [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_MaterialRisksOfSignificantMethodsOfAnalysisMember" xlink:to="lab_kcop_MaterialRisksOfSignificantMethodsOfAnalysisMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_MarketDevelopmentsMember" xlink:label="loc_kcop_MarketDevelopmentsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_MarketDevelopmentsMember" xml:lang="en-US">Market Developments [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_MarketDevelopmentsMember" xlink:to="lab_kcop_MarketDevelopmentsMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_MarketDisruptionsFromNaturalDisastersOrGeopoliticalRisksMember" xlink:label="loc_kcop_MarketDisruptionsFromNaturalDisastersOrGeopoliticalRisksMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_MarketDisruptionsFromNaturalDisastersOrGeopoliticalRisksMember" xml:lang="en-US">Market Disruptions from Natural Disasters or Geopolitical Risks [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_MarketDisruptionsFromNaturalDisastersOrGeopoliticalRisksMember" xlink:to="lab_kcop_MarketDisruptionsFromNaturalDisastersOrGeopoliticalRisksMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_GovernmentInterventionInTheFinancialMarketsMember" xlink:label="loc_kcop_GovernmentInterventionInTheFinancialMarketsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_GovernmentInterventionInTheFinancialMarketsMember" xml:lang="en-US">Government Intervention in the Financial Markets [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_GovernmentInterventionInTheFinancialMarketsMember" xlink:to="lab_kcop_GovernmentInterventionInTheFinancialMarketsMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_PortfolioTurnoverRiskMember" xlink:label="loc_kcop_PortfolioTurnoverRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_PortfolioTurnoverRiskMember" xml:lang="en-US">Portfolio Turnover Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_PortfolioTurnoverRiskMember" xlink:to="lab_kcop_PortfolioTurnoverRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_AntiTakeoverProvisionsMember" xlink:label="loc_kcop_AntiTakeoverProvisionsMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_AntiTakeoverProvisionsMember" xml:lang="en-US">Anti Takeover Provisions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_AntiTakeoverProvisionsMember" xlink:to="lab_kcop_AntiTakeoverProvisionsMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_DurationRiskMember" xlink:label="loc_kcop_DurationRiskMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_DurationRiskMember" xml:lang="en-US">Duration Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_DurationRiskMember" xlink:to="lab_kcop_DurationRiskMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RisksRelatingToFundsRicStatusMember" xlink:label="loc_kcop_RisksRelatingToFundsRicStatusMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RisksRelatingToFundsRicStatusMember" xml:lang="en-US">Risks Relating to Funds RIC Status [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RisksRelatingToFundsRicStatusMember" xlink:to="lab_kcop_RisksRelatingToFundsRicStatusMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RicRelatedRisksOfInvestmentsGeneratingNoncashTaxableIncomeMember" xlink:label="loc_kcop_RicRelatedRisksOfInvestmentsGeneratingNoncashTaxableIncomeMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RicRelatedRisksOfInvestmentsGeneratingNoncashTaxableIncomeMember" xml:lang="en-US">RIC Related Risks of Investments Generating NonCash Taxable Income [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RicRelatedRisksOfInvestmentsGeneratingNoncashTaxableIncomeMember" xlink:to="lab_kcop_RicRelatedRisksOfInvestmentsGeneratingNoncashTaxableIncomeMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_CybersecurityMember" xlink:label="loc_kcop_CybersecurityMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_CybersecurityMember" xml:lang="en-US">Cybersecurity [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_CybersecurityMember" xlink:to="lab_kcop_CybersecurityMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_PrivateAndMiddleMarketCompaniesMember" xlink:label="loc_kcop_PrivateAndMiddleMarketCompaniesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_PrivateAndMiddleMarketCompaniesMember" xml:lang="en-US">Private and Middle Market Companies [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_PrivateAndMiddleMarketCompaniesMember" xlink:to="lab_kcop_PrivateAndMiddleMarketCompaniesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_RisksArisingFromPurchasesOfDebtOnASecondaryBasisMember" xlink:label="loc_kcop_RisksArisingFromPurchasesOfDebtOnASecondaryBasisMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_RisksArisingFromPurchasesOfDebtOnASecondaryBasisMember" xml:lang="en-US">Risks Arising from Purchases of Debt on a Secondary Basis [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_RisksArisingFromPurchasesOfDebtOnASecondaryBasisMember" xlink:to="lab_kcop_RisksArisingFromPurchasesOfDebtOnASecondaryBasisMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ClassISharesMember" xlink:label="loc_kcop_ClassISharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ClassISharesMember" xml:lang="en-US">Class I Shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ClassISharesMember" xlink:to="lab_kcop_ClassISharesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ClassDSharesMember" xlink:label="loc_kcop_ClassDSharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ClassDSharesMember" xml:lang="en-US">Class D Shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ClassDSharesMember" xlink:to="lab_kcop_ClassDSharesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ClassTSharesMember" xlink:label="loc_kcop_ClassTSharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ClassTSharesMember" xml:lang="en-US">Class T Shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ClassTSharesMember" xlink:to="lab_kcop_ClassTSharesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_ClassUSharesMember" xlink:label="loc_kcop_ClassUSharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_ClassUSharesMember" xml:lang="en-US">Class U Shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_ClassUSharesMember" xlink:to="lab_kcop_ClassUSharesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_CommonSharesMember" xlink:label="loc_kcop_CommonSharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_CommonSharesMember" xml:lang="en-US">Common Shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_CommonSharesMember" xlink:to="lab_kcop_CommonSharesMember" />
<loc xlink:type="locator" xlink:href="kcop-20230301.xsd#kcop_PreferredSharesMember" xlink:label="loc_kcop_PreferredSharesMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_kcop_PreferredSharesMember" xml:lang="en-US">Preferred Shares [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_kcop_PreferredSharesMember" xlink:to="lab_kcop_PreferredSharesMember" />
</labelLink>
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