FYI: Index and mutual funds have been able to buy shares since shift from partnership.
More than $1bn of shares in KKR have been acquired by passively managed index funds after the US private equity group switched to a more attractive corporate structure able to join major stock indices.
KKR’s success in attracting new institutional investors comes as rival Blackstone is also considering restructuring from a publicly traded partnership to become a form of corporation.
Regards,
Ted
https://www.ft.com/content/2a3ef818-046f-11e9-99df-6183d3002ee1
