KKR & Co. (NYSE:KKR) and Capital Group are working on the launch of a public-private credit fund.

The fund, which will be launched in Asia this year, will tarobtain both public and private investments as a ‘’more liquid, cheaper, and more transparent” option, Capital Group chief executive officer Mike Gitlin notified Bloomberg.

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Gitline added that this fund, which will start fundraising in the second half of this year, is “a calmer way to introduce private markets to wealth management.”

This is the second time Capital Group and KKR have joined toobtainher to launch a combination fund. 

Last year, the companies raised more than $500 million, which was a mix of 60% public credit assets directed by Capital Group and 40% private credit directed by KKR, Bloomberg stated.

Earlier this year, KKR raised $2.5 billion for its Asia Private Credit strategy. The fund is focutilized on committing capital to privately originated performing credit investments in the Asia-Pacific.

Despite a challenging fundraising environment, a large number of Asia-Pacific funds are on the road raising capital.