KKR and Capital Group are set to launch a new hybrid equity fund designed to give US investors exposure to both public and private markets, as the push to broaden access to alternative assets gains momentum.

The new vehicle, Capital Group KKR US Equity+, is expected to debut in early 2026, subject to regulatory approval. Structured as an interval fund, the strategy will allocate approximately 60% of its assets to listed equities, while the remaining 40% will target private equity investments sourced by KKR.

The product is designed to offer enhanced liquidity relative to traditional private equity vehicles and will feature low minimum investment requirements aimed at expanding investor access.

The initiative represents an expansion of the strategic partnership between the two firms. In April, KKR and Capital Group launched a pair of hybrid credit strategies, which collectively raised more than $100m in their first quarter.

As private markets continue to attract investor attention, particularly amid longer IPO timelines for high-growth companies, firms like KKR are increasingly focusing on the ‘democratisation’ of private equity. The launch of Capital Group KKR US Equity+ reflects growing demand for diversified, accessible products that blend public market flexibility with private market growth potential.

The fund also aligns with KKR’s broader strategy to offer differentiated retail alternatives through partnerships with established asset managers.

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