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KKR provides tokenised access to PE fund via Avalanche

KKR is providing individual investors with tokenised access to a portion of one of its private equity funds through a tie-up with digital assets specialist Securitise, according to a report by the Wall Street Journal.

The offering, for the second vintage of KKR’s HealthCare Strategic Growth Fund, is available to clients with at least $5 million in investable assets via the Avalanche public blockchain.

The report cites an unnamed source as saying that the tokenised position in the fund is the first ever from a major equity fund in the US. Under the terms of the offering, investors will be able to sell their digital token on secondary market managed by Securitize 12 months after purchase.

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