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KKR & Capital Group Launch Their First Public-Private Funds
- Capital Group and KKR have launched two interval funds focused on credit strategies as part of their strategic partnership announced in May 2024.
- The interval funds, Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+, aim to broaden access to private market investment solutions for individual investors and institutional clients.
- These funds offer a blend of public and private markets exposure, with the Core Plus+ fund having a total expense ratio of 84 basis points and the Multi-Sector+ fund at 89 basis points.
- The funds also provide improved liquidity compared to standalone alternatives, with quarterly repurchase offers up to 10% of outstanding shares at net asset value.
- Capital Group and KKR are working on equity-focused strategies to cater to different client needs and offer access to additional private market asset classes.
- The collaboration aims to unlock the benefits of private investments for individual investors who historically had limited access to private markets.
- Both firms are investing in education to help financial advisors understand and integrate public-private solutions into client portfolios effectively.
- Capital Group's education platform includes articles, videos, and data interactives tailored for financial advisors, supported by insights from portfolio managers and investment specialists.
- The goal is to equip advisors and individuals with the necessary knowledge to incorporate private assets into diversified portfolios successfully.
- This partnership between Capital Group and KKR aims to build a new public-private category for investors and provide educational resources to support the integration of private markets into portfolios.
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