KKR partners with Capital Group to launch fund blending public and private equity
The fund will be launched in early 2026 in the U.S., pending approval from regulators. It is structured as an interval fund, which allows investors to exit only during set windows, and will have low minimum investment thresholds.
With high-profile companies remaining private for longer, investment firms are seeking new ways to meet rising demand for exposure to private markets.
The potential for outsized returns from privately held companies has drawn interest from retail investors. These assets are also less sensitive to the economic swings that impact public markets, making them useful for diversification.
"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," said Holly Framsted, head of product group at Capital.
The new fund will deepen the partnership between KKR and Capital, which in April launched two funds focused on a mix of public and private credit.
These funds have pulled in $100 million in flows in the first three months, the companies said.
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The Guardian
42 minutes ago
- The Guardian
Millennial women were told to chase our dreams. That's left us burnt out, broke and dreaming of a rich patron
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Maybe it's because I keep comparing myself with my parents, who by this age had two kids, a car, a house, a garden and three holidays a year. I'm not just raging. After 15 years of working non-stop, I'm exhausted. And there are days when I ask myself: is it really meant to be this way – or am I just failing? Am I simply not grownup enough when it comes to money? I know the answer isn't that simple – or that harsh. Because usually, after days spent examining my shortcomings, I also think: no, this can't just be personal failure. Maybe the odds were never in my favour. Millennial women like myself were told to work hard and follow our passion. Because if you work hard and find something you're good at, it'll pay off. It doesn't, though. The path I've chosen – creative, independent – offers very little in the way of long-term security and when I look around, a pattern emerges. 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It assumes women will absorb the risk, subsidise culture and care with their own time, energy and savings. In creative industries, this is especially stark: women are expected to be grateful to be there at all. To work 'for exposure', for the opportunity – not the paycheque. And that gratitude has kept us quiet, compliant – and broke. This is no accident – it's systemic. In Germany, women across all age groups earn less, save less and live longer. If you're single and self-employed, you're automatically walking a financial tightrope with no net and you'll likely belong to the 70% of working women today who are at risk of poverty in old age. (Recent data from the German Federal Statistical Office reports that the gender gap in retirement income amounts to 29.9%.) I can't believe I'm saying this out loud, but it feels like the only safety net is a rich spouse. When I told my friend a few days ago that I prefer dating artists, she threw up her hands: 'No! 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Sign up to This is Europe The most pressing stories and debates for Europeans – from identity to economics to the environment after newsletter promotion I've worked my heart out for more than a decade. I've built a body of work I'm proud of. And yet, I still get nervous opening my banking app. Still avoid deep financial talk. Still don't fully understand the German tax system. I fell for the silly belief that talking about money is obscene. Sometimes I want to slap myself for not having made smarter choices. For not having planned, protected myself by investing or talking to experts. Instead, I kept dreaming about a life filled with interesting encounters, stories, intellectually stimulating conversations. And honestly, there's still a part of me that cherishes that softness. To be a European millennial now – in our late 30s – means witnessing the erosion of the ideals we grew up with, yet still holding on to something tender. Maybe naive. Maybe vital. We were promised a lot and trained for little. And perhaps this vulnerability – this capacity to imagine a different, less materialistic world – is not only a weakness. It might be a strength, of a playful sort. In Istanbul, my current place of residence, people buy gold. I own some gold jewellery – some pieces were gifts, others inherited. I don't like most of them and rarely wear them. But with gold prices soaring, I've been looking at them differently. Gold is finite, after all, which means it keeps its value. Unlike stocks. My plan: take these items to a friend in the Grand Bazaar who deals in gold. There's something almost magical about the idea of turning my few rings and necklaces into gold plaques – a quiet stash I can cash in quickly, to be kept in a velvet pouch that would look like a fairytale treasure chest. A reminder of how much I'm still clinging to a world of fantasy. And maybe that's the whole trick. Keep going. Keep improvising. Because our boomer parents told us to follow our passion. And now? We're melting down our jewellery. Carolin Würfel is a writer, screenwriter and journalist who lives in Berlin and Istanbul. She is the author of Three Women Dreamed of Socialism
The Independent
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- The Independent
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Reuters
4 hours ago
- Reuters
What are the new tariff rates Trump set on US imports from dozens of countries?
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