- 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
LOS
ANGELES, Oct. 29, 2024 /PRNewswire/ -- Leading
global investment firms Capital Group and KKR today filed
registration statements with the SEC for two public-private fixed
income funds, Capital Group KKR Core Plus+ and Capital Group KKR
Multi-Sector+, both of which are expected to launch in the U.S. in
the first half of 2025, pending regulatory approval. Today's
filings follow the initial announcement of the firms' exclusive
strategic partnership to create a new category of hybrid
public-private investment solutions that will provide new ways for
investors to incorporate private markets into their portfolios.
The two new strategies are expected to be offered through
financial professionals to the U.S. wealth market. Select
institutional investors may find the strategies relevant in their
portfolios as well. The filings underscore the firms' commitment to
making private markets more accessible to a broader client
base.
"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 $555B in public fixed income
assets, while KKR manages over $100B
in private credit assets.
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 $2.8 trillion
in equity and fixed income assets for millions of individuals and
institutional investors around the world. Capital Group manages
equity assets through three investment groups. These groups
make investment and proxy voting decisions independently. Fixed
income investment professionals provide fixed income research and
investment management across the Capital organization; however, for
securities with equity characteristics, they act solely on behalf
of one of the three equity investment groups.
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