KKR forms partnerships with retail investors
Other - OCTOBER 27, 2023

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KKR forms partnerships with retail investors

by Andrea Zander

KKR & Co. is turning to retail investors through Fidelity and Charles Schwab to raise money for its infrastructure investments, reported Bloomberg. KR plans to increase its capital from the private wealth sector into individual retirement accounts (IRAs).

The two brokerages provide access to IRAs, which are becoming more popular for retirees moving their savings from 401(k)s. IRAs offer more flexibility for alternative asset investments.

Schwab and Fidelity are gatekeepers to registered investment advisers (RIAs) who oversee a substantial portion of the $9.7 trillion in IRAs.

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