Exhibit 21.1
SUBSIDIARIES OF KKR FINANCIAL CORP.
KKR Financial CDO 2005-1, Ltd.
KKR Financial CLO 2005-1 Corp.
KKR Financial CLO 2005-1, Ltd.
KKR Financial CLO 2005-2, Ltd.
KKR Financial CLO 2005-3, Ltd.
KKR Financial Mortgage Corp.
KKR TRS Holdings, Inc.