A news release said investors will also have access to follow-on offerings of KKR companies.
“While it’s no secret that the IPO market has slowed over the last couple of years, we are beginning to see signs that it may be picking up momentum,” said Mark Haggerty, president of Fidelity Capital Markets, the institutional trading division of Fidelity Investments, in the news release. “Our new relationship with KKR gives Fidelity the ability to offer our retail, RIA and broker-dealer clients unique access to new issue equity offerings of KKR portfolio companies and the potential for more meaningful allocations in those offerings.”
Haggery continued; “We believe that with a portfolio of nearly 50 companies that generate more than $200 billion in annual revenues, KKR will provide a significant source of investment opportunities for our customers over the coming years and be an important strategic relationship for our company.”
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