Capital Group, KKR Seek SEC Nod for Retail Private Equity Fund

Capital Group and KKR & Co. are accelerating their push to offer private assets to retail investors, unveiling plans for a fund that combines traditional US stocks with private equity.

The fund managed by Capital Group will invest as much as 40% of assets in private equity investments or funds overseen by KKR, Capital Group said Tuesday in a filing seeking approval from the US Securities and Exchange Commission.