KKR, Capital Group to Start Public-Private Credit Fund in Asia

KKR & Co. and Capital Group plan to launch a public-private credit fund in Asia this year, in the latest tie-up between private-markets specialists and traditional asset managers seeking to attract more retail money.

The fund is set to start in the second half and follows similar ones introduced by KKR and Capital Group last year in the US that have drawn in more than $500 million, according to Mike Gitlin, chief executive officer at Los Angeles-based Capital Group. Those vehicles have included a mix of 60% public-credit assets managed by Capital Group, and 40% private-credit ones managed by KKR.