KKR has made a major move in allowing individuals access to its private equity funds by making one of its vehicles available to backers through a public blockchain.
Digital assets securities business Securitize has launched a fund tokenising an interest in KKR’s Health Care Strategic Growth Fund II on the Avalanche public blockchain.
The new token marks the first time exposure to one of KKR’s alternative investment strategies has been offered in a digital format in the US.
KKR closed HCSGF II on $4bn earlier this year, just shy of tripling the size of its $1.45bn predecessor fund I which was closed in 2017.
Read more: Alt Assets
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