Capital Group, KKR Get SEC Approval to Sell Retail Credit Funds

Capital Group and KKR & Co. won approval from the US Securities and Exchange Commission to begin selling two credit funds, a key step in their joint effort to build a suite of products for individual investors.

The firms linked up last year to combine their respective expertise in traditional and alternative assets to create a series of funds that will mix public and private investments.

Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ will have asset targets of 60% publicly traded debt and 40% private credit, including direct loans and asset-backed credit.

A representative for Capital Group, ...