Capital Group and KKR have announced the expansion of their global partnership with the launch of their first public‑private investment strategy for eligible investors1 in Europe and the Asia-Pacific.
The Capital Group KKR Global Multi-Sector+ (‘GMS+’) blends public and private markets exposure to deliver a holistic multi-sector credit solution within a single fund structure.
The expansion comes as investors, wealth advisors, and clients globally are recognising the importance of investing across public and private markets to access the full scale of market opportunities with potential to achieve greater diversification and differentiated performance. Consistent with the new category of public-private strategies established by Capital Group and KKR, the Fund will seek to allocate approximately 60% to public credit assets managed by Capital Group and 40% to private credit assets managed by KKR.
GMS+ is the first fund to launch in Europe and Asia Pacific as part of the global partnership between Capital Group and KKR and will initially be available through HSBC Private Bank2 in select markets. The Fund is managed by Capital Group and sub-advised by KKR, and seeks to provide a high level of current income by investing across multiple sectors in both publicly traded fixed income securities and private credit securities. It will offer opportunities for monthly repurchases of up to 3% of the Fund, delivering liquidity above the level typically available in private credit funds.
Guy Henriques, President, Europe and Asia Pacific Client Group, Capital Group, said: “When we announced a strategic partnership with KKR two years ago we said it marked the start of our long-term collaboration. Today, we’re extending that commitment by bringing our first public-private strategy to investors in Europe and Asia Pacific. GMS+ is a whole-of-credit solution designed to sit between traditional bond funds and alternative investments, offering the potential for enhanced returns, lower volatility and greater diversification.”
Eric Mogelof, Partner and Head of Global Client Solutions at KKR, said: “Having a single access point to invest at scale across public and private markets with world-class managers is a compelling value proposition. Through our strategic partnership with Capital Group, we are demonstrating the power of delivering a holistic solution that combines our firms’ near 150 years of investment leadership, deep expertise in credit investing, a shared commitment to education and client service.”
Lavanya Chari, Head of Wealth and Premier Solutions, HSBC, said: “In the current environment, professional investors are looking for more comprehensive ways to diversify portfolios and pursue differentiated outcomes. Our collaboration with Capital Group and KKR reflects HSBC’s commitment to connecting clients with innovative solutions that bring together leading public and private market capabilities within a single, integrated investment approach—enhancing diversification and complementing clients’ existing portfolio allocations.”
To date, Capital Group and KKR have launched two public‑private credit strategies and one public-private equity strategy in the U.S.
1 For professional, accredited, high net worth individuals and equivalent investors.
2 The fund will be available through HSBC Private Bank where the GMS+ is available to professional, accredited, high net worth individuals and equivalent investors subject to local client classification regulation.
3 Data as of April 30, 2026. Source: Capital Group
