Quilter Cheviot and global investment firm KKR have collaborated to bring KKR’s evergreen private equity strategy to the UK wealth market.

The strategy has been added to Quilter Cheviot’s discretionary portfolio service, with investment managers being able to select the strategy for suitable clients from January 2026.

Through the collaboration, the local share class structures of KKR’s evergreen private equity strategy will be made available, investing alongside its flagship private equity strategies.

It is designed to provide investors with efficient access to a diversified global portfolio of investments.

The structure has been designed to work across Quilter Cheviot’s key jurisdictions of the UK, Jersey, and Ireland, giving clients in all locations access to enhanced private markets access.

The evergreen private equity strategy available to Quilter Cheviot’s eligible clients provides access to KKR’s Traditional, Core and Middle Market private equity, Impact and Growth equity investments in EMEA, APAC, and North America.

KKR’s private equity platform employs a focus on value creation beyond capital and shared ownership.

Quilter Cheviot said the launch came following increased client demand for private markets and as the offering increasingly aligned with high net worth (HNW) clients’ needs and objectives.

The HNW wealth management arm of Quilter has been working with KKR to introduce an evergreen private markets option that balances the benefits of private markets exposure with operational feasibility and client suitability characteristics.

It will also introduce additional suitability requirements and provide educational content to aid client understanding of the risks associated with the offering and the purpose of allocating to private markets.

“Access to high-quality private markets solutions has evolved at a rapid pace in recent years and clients and advisers are recognising the potential such an exposure can give to their portfolios,” said Quilter Cheviot chief investment officer, Caroline Simmons.

“We have been long advocates of allocating to private equity, but it is important that we look at how we can build on that via new structures and funds to help bolster client portfolios, remaining cognisant of the risks and how these interact with existing investment exposures.

“This is an exciting enhancement for us, and we are delighted to be working with a proven, market leading private markets brand in KKR. By delivering access to KKR’s private equity strategy we are significantly enhancing our discretionary portfolio service and giving clients the option of a wider investible universe.”

KKR evergreen private equity strategies partner and co-leader, Alisa Wood, added: “The UK wealth market deserves access to top-quality private investments, and we are delighted to work with Quilter Cheviot to bring KKR’s private equity evergreen strategy to British investors in a more convenient and thoughtfully designed format.

“Most large companies aren’t investable through public markets and private equity strategies overseen by experienced managers can serve as powerful tools for investors increase their diversification, create a less correlated return stream, and allow for long-term compounded performance potential.”

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