Experience
Stradley Ronon Advises on Launch of Hybrid Interval Funds Formed in Strategic Partnership Between Capital Group and KKR
Stradley Ronon served as fund and board counsel in connection with the launch of two new interval funds that will provide new ways for investors to incorporate private markets into their portfolios. Formed through a strategic partnership between global investment firms Capital Group and KKR, the funds will offer investors a hybrid strategy that provides exposure to a mix of public and private credit across multiple asset classes, geographies and channels.
Capital Group KKR Core Plus+ will invest in publicly traded fixed-income securities and private credit loans and securities, including private corporate direct lending and asset-based finance investments, allocating about 60% to public debt (managed by Capital Group) and 40% to private credit (managed by KKR).
Capital Group KKR Multi Sector+ will also invest in publicly traded fixed-income securities and private credit loans and securities with a targeted 60-40 mix but in different segments. The public portion (managed by Capital Group) will focus on high-yield corporate debt (25%), investment-grade corporate debt (10%) and securitized debt (25%). As with the core fund, KKR’s private sleeve will focus on corporate direct lending and asset-based finance.
Nicole Simon, Michael P. O'Hare and Miranda L. SturgisStradley Ronon Advises Franklin Templeton on its Third Digital Asset ETP Launch in the Past Year
Stradley Ronon represents Franklin Templeton in expanding its digital asset ETP suite, providing counsel on the formation, registration, listing and launch of the Franklin Crypto Index ETF.
The Stradley team is led by partners Steve Feinour and Miranda Sturgis, and includes partner Kenneth Greenberg and associates Wesley Davis, Rachel Charamella, Sam Kishiyama and Jeremy Gottlieb. The tax team includes partners Dean Krishna and Rich Peterson.
J. Stephen Feinour Jr., Miranda L. Sturgis, Kenneth L. Greenberg, Wesley Davis, Rachel Charamella, Samuel Kishiyama, Dean V. Krishna and Richard E. PetersonStradley Ronon Advises Franklin Templeton on Historic Spot Ether ETF
Stradley Ronon served as counsel to Franklin Templeton on the formation, registration, listing and launch of a new exchange-traded product, Franklin Ethereum ETF — one of several spot ether ETFs to receive listing approval from the U.S. Securities and Exchange Commission. The Franklin Ethereum ETF offers investors exposure to ether, the second-largest digital asset by market capitalization, in an ETF wrapper.
J. Stephen Feinour Jr., Miranda L. Sturgis, Kenneth L. Greenberg, Joel D. Corriero, Thomas L. Hanley, Dean V. Krishna, Wesley Davis and Rachel Charamella
Stradley Ronon Advises Franklin Templeton on Industry-First Spot Bitcoin ETF
Stradley Ronon advised Franklin Templeton on the formation, registration, listing and launch of the Franklin Bitcoin ETF, one of 11 spot bitcoin exchange-traded funds (ETFs) to receive listing approval from the U.S. Securities and Exchange Commission (SEC) on January 10.
The Franklin Bitcoin ETF offers investors exposure to bitcoin in an ETF wrapper, thereby providing access through traditional securities brokerage accounts and avoiding the complexities of handling bitcoin directly. The Franklin Bitcoin ETF, which trades on Cboe, issues shares backed by bitcoin held by the fund’s custodian.J. Stephen Feinour Jr., Miranda L. Sturgis, Joel D. Corriero, Kenneth L. Greenberg, Thomas L. Hanley, Dean V. Krishna and Wesley Davis
