Capital Group Partners with KKR on Public-Private Investment
Deal News | Aug 04, 2025 | Ropes & Gray
Ropes & Gray, a prominent legal firm, is acting as lead counsel for Capital Group in its exclusive strategic partnership with KKR. This partnership, announced in May 2024, aims to expand investor access to retail alternatives through innovative public-private investment solutions. The collaboration's initial phase saw the launch of Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ interval funds focusing on public-private credit strategies. The next phase introduces the Capital Group KKR U.S. Equity+ interval fund, designed to invest in both publicly traded and private equity securities. The partnership leverages Capital Group's public markets expertise and KKR's private markets acumen to create hybrid investment products spanning various asset classes and distribution channels. Ropes & Gray's team, led by partners David Sullivan and Keith MacLeod, is pivotal in navigating regulatory and compliance aspects while structuring these innovative solutions.
Sectors
- Financial Services
- Legal Services
Geography
- United States – Capital Group, KKR, and Ropes & Gray are all predominantly based in the United States, and the activities described are taking place within the US regulatory framework.
Industry
- Financial Services – The article discusses investment solutions and the strategic partnership between Capital Group and KKR focusing on public-private investment solutions, a key area in financial services.
- Legal Services – The article highlights the role of Ropes & Gray as legal advisors in structuring the partnership and investment solutions, indicating the legal services industry's involvement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Capital Group | Target | Company | An investment management firm partnering with KKR to launch public-private investment solutions. |
| KKR | Bidding Company | Company | A global investment firm collaborating with Capital Group to offer hybrid investment products. |
| Ropes & Gray | Legal Advisor | Company | A law firm providing legal guidance and support in the partnership and launch of new investment solutions. |
| David Sullivan | Asset Management Partner | Person | Leading the Ropes & Gray team advising on the partnership. |
| Keith MacLeod | Asset Management Partner | Person | Co-leading the Ropes & Gray team advising on the partnership. |
| Pamela Glazier | Tax Partner | Person | Providing tax advisory services as part of the Ropes & Gray team. |