In "$K$-homology of universal spaces and local cohomology of the representation ring" Greenlees proves that
$$
K_i(BG_+) \simeq H_J^i(R(G))
$$
for $i=0,1$, where $J$ is the augmentation ideal and $H_J^i(R(G))$ refers to local cohomology. In fact Greenlees proves something more general using equivariant homotopy theory (for which the above is a special case), and this more general object is also studied in Chapter 18 of Greenlees and May's "Generalized Tate Cohomology"
Equivalently, one can use Anderson's universal coefficient theorem for $K$-theory (see here). Anderson shows that if $G$ is even a compact connected Lie group that $KU_1(BG) = 0$ and $$KU_0BG = \operatorname{lim}_n\operatorname{Hom}(R(G)/J^n,\mathbb{Z}).$$
There is a discussion of the relationship between the two results in Remark 2.8 of "Topological $K$-(co)homology of classifying spaces of discrete groups", by Joachim and Lück (which also contains more results along these lines).