KKR, SBI to set up fund to tap into Japan's wealthy individuals

U.S.-Japan pair leads alternative investment push targeting large pool of assets

U.S. Investment fund KKR and Japan's SBI will set up a company offering financial products to wealthy individuals in Japan. (Nikkei montage/Source photos by Yutaka Miyaguchi and Reuters)

TAIZO WADA and OKI HIDAKA, Nikkei staff writers

September 11, 2023 19:06 JST

TOKYO -- U.S. private equity fund KKR plans to set up a new company with Japanese financial group SBI Holdings to offer investment trusts typically offered to professional investors to wealthy individuals in Japan, Nikkei has learned, the latest move by a major foreign investment fund to tap into Japan's large pool of personal financial assets, estimated at around 2 quadrillion yen ($13 trillion).