Giant pension funds and wealthy individuals will be able to sell to smaller investors slices valued at as little as tens of thousands of dollars, far lower than the millions of dollars typically required to get a piece of these buyout funds, according to the people familiar with the outlines of the new market. Other private-equity firms are in discussions to sign up for the Nasdaq market alongside KKR and may commit before it officially opens, the people said. Under this structure, the firms would enable existing investors to cash out earlier than usual, and the buyout shops would open themselves up to a broader range of investors.

http://online.wsj.com/news/articles/SB10001424052702304788404579522094020974848