KKR & Co. (NYSE:KKR) and Capital Group are working on the launch of a public-private credit fund.
The fund, which will be launched in Asia this year, will target both public and private investments as a ‘’more liquid, cheaper, and more transparent” option, Capital Group chief executive officer Mike Gitlin told Bloomberg.
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Gitline added that this fund, which will start fundraising in the second half of this year, is “a calmer way to introduce private markets to wealth management.”
This is the second time Capital Group and KKR have joined together to launch a combination fund.
Last year, the companies raised more than $500 million, which was a mix of 60% public credit assets …
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