Travers Smith has advised Capital Group on the launch of Capital Group KKR Global Multi-Sector+ (the Fund), the first sub-fund of the Luxembourg investment vehicle Capital Group Alternative Investments Funds.
The Fund has been established as part of the global strategic relationship between Capital Group and KKR and is designed to combine public and private credit exposure within a single multi-sector credit strategy. The strategy is expected to allocate approximately 60% of its assets to public credit investments managed by Capital Group and 40% to private credit investments managed by KKR.
The launch of the Fund represents a significant development in public-private market solutions, bringing together the complementary capabilities of two leading global investment managers within a single investment solution.
Will Normand commented:
"We are delighted to have advised Capital Group on the launch of this innovative fund alongside Elvinger Hoss Prussen. The Fund, which is Capital Group and KKR's first joint strategy outside of the US, showcases Travers Smith expertise at the forefront of the evergreen, private wealth sector."
The Travers Smith team was led by Head of Asset Management Will Normand, with support from Senior Counsel Leigh Stockey.
