Secretive $3T Fund Giant Makes Flashy Move Into Private Assets

To that end, Gitlin is teaming up with KKR to launch funds for retail investors — and the pact is set to expand next year, according to a memo seen by Bloomberg. It includes Capital Group’s first target-date fund for retirement plans that will contain public and private assets, as well as a similar model portfolio for retail investors. The firm will also manage some money for KKR’s Global Atlantic insurance arm. Wealth advisers are narrowing rosters to just two or three managers that can offer a w ...