KKR teams with Capital Group to widen access to alternative investments; NFL vote delayed

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KKR teams with Capital Group to widen access to alternative investments; NFL vote delayed

Good morning, Hubsters. Michael Schoeck with you for the Thursday edition of the Wire.

The big PE news out this morning is a public-private partnership formed between KKR and Capital Group “to bring new ways for investors to incorporate alternative investments into their portfolios.”

And there’s a new development in the ongoing story PE Hub has been covering about private equity ownership in the National Football League.

We’ve also got an interview with Hg partner Chris Fielding and principal Thomas Martin about Hg portfolio company Cube’s latest acquisition of Thomson Reuters’ regulatory technology business.

And last on deck today is a story that goes straight to the heart, so to speak. Lee Equity Partners principal John Eppler talks about growing PE interest in the cardiology market.

Let’s get started.

Democratizing fixed income

Earlier this morning, KKR and Capital Group announced the formation of a strategic partnership to make hybrid public-private markets investments available to more financial market clients. The strategy involves public-private fixed income securities for financial institutions, which is expected to launch the US in 2025.

Read more on the new strategy by upgrading to the premium version of the Wire.

Are you ready for some football?

Private equity ownership of National Football League teams was a “key topic discussed” during the two-day Spring League Meeting in Nashville, Tennessee, which ended May 22, but ownership did not vote on the matter, reports PE Hub’s Rafael Canton.

Upgrade to the premium version of the Wire for access to the full story.

Reg-tech roll-up

Regulatory technology continues to be a hot market for PE-backed buyers.Rafael Canton interviewed Hg partner Chris Fielding and principal Thomas Martin about Hg portfolio company Cube’s acquisition of Thomson Reuters’ regulatory technology business and the PE-backed company’s strategy among broader trends in the regtech market.

Upgrade to the premium version of the Wire to access the full interview.

Straight to the heart

Shifting gears to close out today, PE Hub caught up with Lee Equity Partners principal John Eppler to discuss PE investing themes in the cardiology sub-sector.

Upgrade to the premium version of the Wire for the full interview.

That’s a wrap for me this week. Keep your eyes peeled for the Friday edition of the Wire from Obey Martin Manayiti.

Cheers,

Michael

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

Partners Group has stepped up as the buyer on UK pension fund administrator Universities Superannuation Scheme’s portfolio sale, sources have told Buyouts and affiliate title Secondaries Investor.

Mill Point Capital, formed by an ex-Ripplewood Holdings managing director, rolled out a third lower mid-market buyout offering. The New York manager is targeting $1.2 billion for Mill Point Capital Partners III, according to University of Houston System endowment documents. The hard-cap was not disclosed. (Buyouts)

Positive undercurrents in the US real estate market have asset managers readying to deploy dry powder after a difficult two-year downturn, according to panelists at affiliate title Private Equity International’s Women in Private Markets Summit North America 2024 in New York last week. However, they disagree on where exactly to put it. (Private Equity Real Estate)

Hamilton Lane has significantly slashed its lowest ticket size for an evergreen fund by adding a tokenized share class with a four-figure price, a new milestone in the sponsor’s ongoing usage of the technology. (Private Funds CFO)

Rede Partners’ Michael Camacho is leaving the London-headquartered placement agent, Secondaries Investor has learned.

They said it

“We’ve got a lot of interest in the private equity space. … We are making real progress on potential private equity. We’re going to continue to be very deliberate, but I expect there to be something by the end of the year.”

— National Football League commissioner Roger Goodell told reporters about considering changing ownership rules