Capital Group, KKR Deepen Partnership to Build Public‑Private Retirement and Wealth Solutions
Capital Group and KKR have expanded their strategic partnership to design new, integrated retirement and wealth solutions that combine public and private market exposure. The move builds on their 2025 rollout of public‑private investment strategies and aims to bring institutional‑style diversification to a wider range of individual investors.
Under the agreement, the firms will exclusively partner on two new offerings that broaden private market access for retirement savers and advised clients. The first is a Target Date Fund solution for defined contribution plans, constructed as a holistic portfolio that blends Capital Group’s public market strategies with KKR‑managed private market strategies. The second is a suite of public‑private model portfolios that integrate Capital Group’s public strategies and KKR’s private strategies within diversified wealth portfolios.
The collaboration is intended to deliver private market diversification at scale in ways neither organization could achieve alone, according to the firms, spanning wealth platforms and workplace retirement plans. The new initiatives extend an existing lineup that already includes Capital Group KKR Core Plus+ and Capital Group KKR Multi‑Sector+ credit strategies. The first public‑private equity fund, Capital Group KKR U.S. Equity+, has been filed and is expected to launch in early 2026 pending regulatory approval, with a public‑private real assets strategy targeted for late 2026.
“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,” said Mike Gitlin, President and CEO of Capital Group and Scott Nuttall, Co-CEO of KKR.
The firms also plan to broaden their work in insurance asset management through Global Atlantic, KKR’s insurance subsidiary, by drawing on Capital Group’s fixed income expertise to manage portions of those portfolios.