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KKR Moves to ‘Democratize’ Private Equity as SEC Signals Industry Scrutiny

KKR has invested in iCapital, which will offer individual investors access to KKR’s strategies. The iCapital KKR Private Markets Fund gives accredited investors access to private equity funds and co-investments sponsored or advised by KKR.

The private equity industry has been evolving beyond its leveraged buyout roots and is seeking to expand a capital base that traditionally has been tied to institutional investors. A Securities and Exchange Commission report last year on expanding retail access to private markets suggested that individual investors may be missing out on opportunities to make money as the universe of public-traded companies has shrunk significantly in the past 25 years. 

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asset management, welath management