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KKR Tokenizes Fund on Avalanche Blockchain

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Joyashree Dey Follow

INDIA

Sep, 18 2022

Sep, 18 2022

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On September 13, a leading digital asset securities firm, Securitize confirmed a partnership with US investment firm Kohlberg Kravis Roberts & Co (KKR) by announcing the launch of a fund tokenizing an interest in KKR INC’s Health Care Strategic Growth Fund II (“HCSG II”) on the Avalanche blockchain 


The recent official press release revealed that the deal aims to tokenize KKR’s $4 billion investment fund on the Avalanche blockchain.?It is mentioned that the tokenization would make the growth fund accessible to investors with at least $5 million in investible assets. 


The Health Care Strategic Growth Fund II specializes in investing in companies that work in the healthcare sector. This marks a major move toward making institutional private market strategies more open to individual investors. 


KKR’s managing director and co-head of US private wealth, Dan Parat, stated that the company’s private investors have shown an interest in the fund progressively. He explained that the Tokenized Fund could modify operational failures and take into account simple investments. 


He added that the blockchain industry would contribute altogether to the fate of private markets. For instance, tokenizing the fund will eliminate difficulties that block private investors’ access to private equities, empowering them to invest a smaller amount. 


The growth fund is a $4 billion investment instrument for putting resources into start-up healthcare companies in Europe and North America. 


Parat said that the tokenized funds from avalanche would permit only qualified investors to buy the KKR’s growth fund. Nonetheless, the investors should hold the fund for 1 year before selling it in the secondary market. 


Likewise, the secondary market will be observed, and the growth funds only accessible to qualified buyers. 



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Joyashree Dey

CBW - External Analyst

INDIA

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