KKR is working with digital-asset management platform Securitize Capital, which will handle the onboarding of new investors, to make its Health Care Strategic Growth Fund available on the Avalanche blockchain. Individuals will be able to invest in KKR's health-care fund through a tokenized feeder fund and KKR will become the largest private-fund manager to date to tap blockchain technology to make its private equity offering accessible to individual investors.
Individuals will be able to invest in KKR's health-care fund through a tokenized feeder fund on the Avalanche blockchain provided by Securitize. "What we're going to be providing to investors are digital asset securities or security tokens that represent an economic interest [in] a feeder fund of the the main KKR healthcare fund," Carlos Domingo, co-founder and CEO of Securitize, told CoinDesk TV. "It's a way for individual investors to get access into a high quality private equity fund - from a very reputable firm, like KKR - that otherwise is not available [to them]," he said.