KKR Exclusive: New Fidelity Partnership Explained

KKR is partnering with retail brokerages, Charles Schwab Corp. and Fidelity, to tap the “mass affluent” investor market.

Institutional investors had historically invested heavily in private equity, however, now, as interest rates hit near-zero levels, they find themselves too heavily invested and this market is drying up.

Individuals represent a largely untapped market, making up an estimated $178tn