Capital Group and KKR Advance Public-Private Investment Solutions for Individual Investors
Capital Group and KKR have filed registration statements with the SEC for two public-private fixed income funds: Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+. The funds are expected to launch in the U.S. in the first half of 2025, pending regulatory approval. This initiative marks their exclusive strategic partnership to create hybrid public-private investment solutions for individual investors through financial professionals.
The partnership combines Capital Group's public market capabilities ($555B in public fixed income assets) with KKR's private markets expertise ($100B in private credit assets). The platform aims to make private markets more accessible to a broader client base, including select institutional investors.
Capital Group e KKR hanno presentato dichiarazioni di registrazione alla SEC per due fondi di investimento a basso rischio pubblico-privato: Capital Group KKR Core Plus+ e Capital Group KKR Multi-Sector+. Si prevede che i fondi saranno lanciati negli Stati Uniti nella prima metà del 2025, in attesa di approvazione normativa. Questa iniziativa segna la loro partnership strategica esclusiva per creare soluzioni di investimento ibride pubblico-privato per investitori individuali attraverso professionisti finanziari.
La partnership combina le capacità di mercato pubblico di Capital Group (555 miliardi di dollari in attività di reddito fisso pubblico) con l'expertise di KKR nei mercati privati (100 miliardi di dollari in attività di credito privato). La piattaforma mira a rendere i mercati privati più accessibili a una base clienti più ampia, inclusi alcuni investitori istituzionali selezionati.
Capital Group y KKR han presentado declaraciones de registro ante la SEC para dos fondos de renta fija público-privados: Capital Group KKR Core Plus+ y Capital Group KKR Multi-Sector+. Se espera que los fondos se lancen en EE.UU. en la primera mitad de 2025, sujetos a la aprobación regulatoria. Esta iniciativa marca su asociación estratégica exclusiva para crear soluciones de inversión híbridas público-privadas para inversores individuales a través de profesionales financieros.
La asociación combina las capacidades de mercado público de Capital Group (555 mil millones de dólares en activos de renta fija pública) con la experiencia de KKR en mercados privados (100 mil millones de dólares en activos de crédito privado). La plataforma tiene como objetivo hacer que los mercados privados sean más accesibles para una base de clientes más amplia, incluidos algunos inversores institucionales seleccionados.
캐피탈 그룹과 KKR은 SEC에 두 개의 공공-민간 고정 수익 펀드인 캐피탈 그룹 KKR 코어 플러스+ 및 캐피탈 그룹 KKR 멀티 섹터+에 대한 등록 신청서를 제출했습니다. 이 펀드는 2025년 상반기에 미국에서 출시될 것으로 예상되며, 규제 승인을 기다리고 있습니다. 이 이니셔티브는 개인 투자자를 위한 하이브리드 공공-민간 투자 솔루션을 만들기 위한 그들의 독점 전략적 파트너십을 의미합니다.
이 파트너십은 캐피탈 그룹의 공공 시장 역량(공공 고정 수익 자산 5,550억 달러)과 KKR의 사모 시장 전문성(사모 신용 자산 1,000억 달러)을 결합합니다. 이 플랫폼은 일부 선정된 기관 투자자를 포함하여 더 폭넓은 고객층이 사모 시장에 접근할 수 있도록 하는 것을 목표로 합니다.
Capital Group et KKR ont déposé des déclarations d'enregistrement auprès de la SEC pour deux fonds de revenu fixe public-privé : Capital Group KKR Core Plus+ et Capital Group KKR Multi-Sector+. Les fonds devraient être lancés aux États-Unis au cours de la première moitié de 2025, sous réserve de l'approbation réglementaire. Cette initiative marque leur partenariat stratégique exclusif pour créer des solutions d'investissement hybrides public-privé pour les investisseurs individuels par l'intermédiaire de professionnels de la finance.
Le partenariat combine les capacités de marché public de Capital Group (555 milliards de dollars d'actifs de revenu fixe public) avec l'expertise de KKR dans les marchés privés (100 milliards de dollars d'actifs de crédit privé). La plateforme vise à rendre les marchés privés plus accessibles à une clientèle plus large, y compris certains investisseurs institutionnels sélectionnés.
Capital Group und KKR haben Registrierungserklärungen bei der SEC für zwei öffentlich-private Anleihefonds eingereicht: Capital Group KKR Core Plus+ und Capital Group KKR Multi-Sector+. Die Fonds sollen in der ersten Hälfte des Jahres 2025 in den USA aufgelegt werden, vorbehaltlich der behördlichen Genehmigung. Diese Initiative markiert ihre exklusive strategische Partnerschaft zur Schaffung hybrider öffentlich-privater Investitionslösungen für Privatanleger durch Finanzprofis.
Die Partnerschaft kombiniert die Fähigkeiten von Capital Group im öffentlichen Markt (555 Milliarden Dollar an öffentlichen Anleihevermögen) mit der Expertise von KKR im Bereich Private Equity (100 Milliarden Dollar an privaten Krediten). Die Plattform zielt darauf ab, private Märkte einem breiteren Kundenkreis zugänglich zu machen, einschließlich ausgewählter institutioneller Investoren.
- Strategic partnership between two major investment firms combining complementary expertise
- Access to new market segment (individual investors) for private market investments
- Substantial combined asset base: $555B in public fixed income (Capital Group) and $100B in private credit (KKR)
- None.
Insights
This strategic partnership between Capital Group and KKR marks a significant evolution in retail investor access to private markets. The launch of two public-private fixed income interval funds represents a combined management potential of over
The interval fund structure provides a solution to the liquidity challenge that typically restricts retail access to private markets. By combining public and private investments, these funds can offer better liquidity management while potentially capturing the illiquidity premium from private investments. The multi-asset approach could provide enhanced yield opportunities and diversification benefits beyond traditional fixed income offerings.
This initiative signals a major shift in the democratization of private market investments. With Capital Group's extensive distribution network and KKR's private market expertise, these products could capture significant market share in the growing retail alternatives space. The timing is strategic, as investors seek yield alternatives in a challenging fixed income environment.
The expansion plans across multiple asset classes and geographies suggest a long-term commitment to developing a comprehensive suite of public-private investment solutions. This could significantly impact both firms' future revenue streams and market positioning in the retail investment space, while potentially setting an industry precedent for similar offerings from competitors.
- Leading global investment firms file for two public-private fixed income interval funds to launch in the
U.S. in the first half of 2025, pending regulatory approval - New category of public-private solutions to expand over time across multiple asset classes and geographies
The two new strategies are expected to be offered through financial professionals to the
"As a firm, we do not enter a new market unless we are committed for the long term and believe we can offer something meaningful and durable for our clients," said Holly Framsted, Head of Global Product Strategy and Development at Capital Group. "Our focus remains on delivering distinct solutions that serve unmet needs in investor portfolios. These strategies aim to solve the access gap that individual investors currently face when it comes to private investments, and we expect these two public-private strategies will be the first of many across asset classes and geographies."
While Capital Group is responsible for the overall strategy, the two organizations intend to work closely together to deliver investment portfolios that thoughtfully combine public and private investments, with an aim toward solving distinct investor needs.
"KKR and Capital Group share a deep commitment to making private markets assets more accessible to individual investors," said Eric Mogelof, Partner and Head of Global Client Solutions at KKR. "We are pleased to take this next step in our strategic partnership and look forward to offering additional solutions that bring our best‐in‐class private markets investment capabilities to a broader group of investors."
The new public-private solutions platform seeks to deliver Capital Group's public market capabilities combined with KKR's extensive private markets expertise. Today, Capital Group manages over
About Capital Group
Capital Group, home of American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability since 1931.
As of September 30, 2024, Capital Group manages more than
For more information, visit capitalgroup.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at https://kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at https://www.globalatlantic.com/
Registration statements for each of Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ have been filed with the Securities and Exchange Commission and are available from the EDGAR database on the SEC's website (www.sec.gov). The information in the registration statements is not complete and may be changed. The securities of neither fund may be sold until its registration statement is effective. An investor should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information about each fund will be contained in the fund's final prospectus, which investors should read carefully when available from the EDGAR database on the SEC's website (www.sec.gov). This communication is not an offer to sell the shares of either fund and is not soliciting an offer to buy the shares of either fund in any state where the offer or sale is not permitted.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All company and product names mentioned are the property of their respective companies.
Capital Client Group, Inc.
Media Contacts
Lizzie Lowe
lizzie.lowe@capgroup.com
Christine Wood
Christine.wood@capgroup.com
Julia Kosygina
media@kkr.com
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SOURCE Capital Group Companies
FAQ
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