KKR eyes bigger share of private wealth market as it targets US$1 trillion total AUM

[SINGAPORE] Asset manager KKR is one of the largest globally in private markets, but it is hungry for yet more capital to deploy into “very long, interesting ideas”, said KKR partner Alisa Wood.

To this end, the company has redoubled efforts to garner a larger share of the US$150 trillion private wealth market, where consulting firm Bain reckons alternative investments account for just 5 per cent.

Wood, who was in Singapore recently, said: “The opportunity set in the private wealth channel is massive. Historically, around 10 to 20 per cent of our capital has come from individuals but in the next five years or so, somewhere between 30 and 50 per cent could come from private wealth. The more dislocated the market is, the greater the need for private equity (PE).”