Capital Group and KKR have launched a new investment fund aimed at broadening access to private equity for individual investors. The fund – Capital Group KKR U.S. Equity+ – combines investments in private companies with publicly listed US equities, according to a report by Bloomberg.

The strategy will reportedly invest in and alongside KKR strategies that are typically unavailable to retail investors. Around 60% of the portfolio will be allocated to actively managed large-cap US equities. The vehicle will offer periodic liquidity and will not require investors to meet accreditation thresholds.

The launch follows two funds introduced by the firms last year that combined public and private debt strategies, as the partners continue to expand offerings designed to bridge public and private markets.

Holly Framsted, head of product group at Capital Group, said integrating public and private equity exposures within a single portfolio provides investors with a more comprehensive way to access opportunities across the evolving US equity landscape.

The move reflects a broader push by alternative asset managers to tap wealth and retail channels as institutional allocations to private equity face pressure. Managers are increasingly targeting the roughly $14tn held in US defined-contribution retirement accounts as a potential source of new capital.