Capital Group and KKR, two major global investment firms, are expanding their partnership to increase access to private markets. Capital Group has filed a registration statement with the SEC for its first public-private equity interval fund, Capital Group KKR U.S. Equity+.
The fund, expected to launch in the U.S. in early 2026, is designed as an interval fund, which allows it to provide exposure to both public and private equity markets through a single, integrated solution. This structure aims to make private market investments more accessible by offering lower minimums and no accreditation requirements.
This new offering builds on the success of the firm’s first two public-private credit interval funds, which launched in April and have already attracted over $100 million in investments.
Capital Group and KKR are continuing to explore additional public-private investment strategies, including real assets, and are also collaborating on model portfolios and target-date funds.
KEY QUOTES:
“Private market investments can enhance returns and add diversification within a portfolio, yet have historically been out of reach for everyday investors given accreditation requirements and higher investment minimums. That’s why we’re committed to bringing public and private equity investing together through a single, integrated solution, providing access to the highest conviction investment ideas from Capital Group and KKR.”
Holly Framsted, Head of Product Group, Capital Group
“We have a responsibility to design thoughtful, deliberate solutions that can stand the test of time based on what financial advisors have told us they need. Equally important is helping advisors understand how to integrate these private markets exposures into their clients’ portfolios. We view the public-private market as an opportunity to do this, and the enthusiasm from financial advisors as we define this category is tangible. Beyond flows, advisors have made education a clear priority, for themselves and their clients.”
Matt O’Connor, CEO of Capital Group’s Client Group
“The capital markets landscape has fundamentally shifted. Today’s companies no longer choose between public or private capital; they strategically navigate both to unlock growth and long-term value with the flexibility to adapt to changing opportunities and market conditions. Since KKR’s founding in 1976, our approach to private equity has been to deliver performance for our clients by investing in good companies and helping them grow into great ones. We’re delighted to deepen our partnership with Capital Group by providing access to KKR’s private equity solutions at a time when demand for flexible, high-quality private market exposure has never been greater.”
Eric Mogelof, KKR’s Global Head of Client Solutions
“The more time we spend together, the more opportunities we see to work with one another. Our cultures are strongly aligned, and our focus on client outcomes is what continues to bind us and drive our joint activities. We both said in 2024 when we announced our partnership that this was just the beginning, and we’ve only strengthened that belief over the past year.”
Capital Group President and CEO, Mike Gitlin and KKR Co-CEO Scott Nuttall
