KBS Capital Markets Group announced that it has been selected to serve as distributor for a multi-manager, fund-of-funds, private equity fund made available only to accredited investors.
KBS Capital Markets Group, traditionally a distributor of non-traded real estate investment trusts, said that it will leverage its sales team and relationships with broker-dealers to make the fund available to financial advisors and their clients nationwide.
“We are thrilled to expand the lineup of alternative investment products available through KBS,” said Mick Manning, president and chief executive officer for KBS Capital Markets Group. “This is an opportunity to help our broker-dealer partners make some of the top firms in institutional private equity available to their retail clients through the sponsor’s multi-manager approach.”
The sponsor, which was not named by KBS, specializes in delivering diversified multi-manager solutions using a variety of investment strategies and investment vehicles for institutional and high net worth clients.
KBS and its affiliated companies have invested/managed more than $22 billion in 1,606 assets nationwide on behalf of institutional clients, such as pension plans, endowments, sovereign wealth funds and seven non-traded REITs.