KKR, Capital Group Target Wealthy Clients With New Credit Play - Apollo Global Management (NYSE:APO), KKR

KKR & Co.

(NYSE:KKR) and Capital Group have launched a new public-private fund called Capital Group KKR Global Multi-Sector+ (GMS+), which will provide high-net-worth European and Asian investors with access to private credit assets. • KKR stock is trading at depressed levels.

Where are KKR shares going?

Sixty percent of assets will be invested in public credit assets managed by Capital Group and 40% will be invested across private credit assets managed by KKR, Bloomberg reported.

The fund will offer repurchase requests of up to 3% of the fund on a monthly basis and will initially be available through HSBC Private Bank in select markets.