Capital Group and KKR expand partnership with new retirement solutions
Capital Group and KKR are expanding their partnership to offer new retirement and wealth products, building on the public-private investment strategies they launched earlier this year.
The next phase includes a target date fund for workplace retirement plans that blends Capital Group’s public market strategies with KKR’s private market investments, as well as new model portfolios for wealth managers that mix public and private market assets in a single diversified offering.
The firms also plan to collaborate more broadly on insurance asset management, with Global Atlantic, KKR’s insurance subsidiary, by leveraging Capital Group’s fixed income experience to manage portions of its assets.
“Our goal is to redefine what’s possible for investors through best-in-class strategies that combine the strengths of both public and private markets. Solving the challenges investors and their advisors face when incorporating private markets into their portfolios requires true collaborative partnership. By expanding this partnership, we’re building a platform that brings the diversification benefits of private markets to more investors — from wealth portfolios to defined contribution plans — in ways neither firm could achieve alone.” – Mike Gitlin, President and CEO of Capital Group and Scott Nuttall, Co-CEO of KKR.
“At a pivotal moment for wealth management and retirement markets, investors are seeking more holistic solutions and greater choice. Capital Group and KKR are committed to leading this transformation, passionately focusing on education, transparency, and innovative products that empower financial advisors and their clients.” – Matt O’Connor, CEO of Capital Group’s Client Group.
“Our expanded partnership reflects a shared belief that more investors deserve access to high-quality private investments. By combining Capital Group’s public markets investment rigor with KKR’s private market depth, we’re redefining what’s possible for financial professionals and their clients. Defined contribution plans and IRAs can benefit from the diversification of private markets, just like defined benefit plans do today.” – Eric Mogelof, KKR’s Global Head of Client Solutions.
