Capital Group, KKR Seek SEC Nod for Retail Private Equity Fund

Capital Group and KKR & Co. are accelerating their push to offer private assets to retail investors, unveiling plans for a fund that combines traditional US stocks with private equity.

The fund managed by Capital Group will invest as much as 40% of assets in private equity investments or funds overseen by KKR, Capital Group said Tuesday in a filing seeking approval from the US Securities and Exchange Commission.

Earlier this year, the firms launched two funds for wealthy clients investing in bonds and private credit, and they could eventually market the slate of strategies to 401(k)s and other retirement ...