Capital Group and KKR & Co. Inc. (KKR) are doubling down on their partnership with plans to develop retirement and wealth products that bridge the divide between public and private markets. The firms announced Wednesday they'll exclusively build two new offerings: target-date funds for defined contribution plans and public-private model portfolios aimed at wealth advisers.
This expansion builds on a collaboration that kicked off in 2025, when the two investment giants started rolling out strategies that blend liquid public markets with less-accessible private investments. The target-date approach is specifically designed for 401(k)-style retirement plans, where participants typically select one age-based fund that automatically adjusts its risk profile as retirement approaches.
Meanwhile, the model portfolios give financial advisers a ready-made package that combines traditional liquid holdings with private market strategies, all wrapped into diversified client portfolios. It's essentially a turnkey solution for advisers who want private market exposure without the complexity of building it from scratch.
Capital Group CEO Mike Gitlin and KKR Co-CEO Scott Nuttall framed the partnership as an effort to democratize access to public and private markets, making these combined strategies more available to everyday investors and their advisers.
