Capital Group and KKR have expanded their public-private investment partnership with the launch of Capital Group KKR U.S. Equity+, marking their first integrated equity strategy.

The new vehicle blends public and private equity within a single portfolio. Approximately 60% of assets will be invested in actively managed large-cap US equities, while the remainder will allocate capital alongside KKR’s private equity funds and vehicles.

The strategy follows the firms’ rollout of two public-private credit products in 2025. With this launch, the partnership extends into equity markets, broadening retail investor access to private equity exposure traditionally reserved for institutional capital.

The fund is structured as an interval vehicle. It offers periodic liquidity, lower minimums, and no accreditation requirements, positioning it as a core allocation product rather than a standalone alternatives sleeve.

Capital Group oversees $3.4tn in assets globally. The launch underscores growing demand for hybrid public-private solutions as asset managers respond to structural shifts in capital markets, where an increasing share of corporate growth occurs in private hands.

“Public and private markets are distinct, but they shouldn’t be thought of in isolation. U.S. Equity+ is designed around how companies grow, compete, and create value today — across both markets,” said Holly Framsted, Head of Product Group at Capital Group. “By bringing high-conviction public equity and private equity together in one integrated portfolio, we’re offering investors a more complete way to participate in the evolution of the U.S. equity landscape.”

The move reflects continued innovation among large asset managers seeking to bridge traditional mutual fund structures with private market exposure, while maintaining adviser-focused education and portfolio construction support.

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