Global Atlantic Financial Group, majority owned by KKR, has launched a registered index-linked annuity whose crediting rate is partly tied to the performance of a diversified private credit basket, a first for the retail annuity market.
The product is designed to let retail savers access a sliver of the illiquidity premium that has historically been reserved for institutional LPs, wrapped inside a familiar insurance chassis with downside floors.
Distribution
Global Atlantic will distribute the annuity through independent broker-dealers and banks, with KKR's credit platform providing the underlying private loan exposure on an arm's-length basis.