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

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).