Capital Group makes push into private credit via expanded KKR partnership

Capital Group makes push into private credit via expanded KKR partnership

Capital Group, the $3.3tn active management giant long known for its near-exclusive focus on public markets, is making a move into private credit through a deepening partnership with KKR, according to a report by Bloomberg. The Los Angeles-based firm — historically associated with its American Funds franchise and a culture built around long-tenured public-markets portfolio managers — is now positioning private credit as a core growth engine, tar…