Mediobanca to offer richer clients illiquid KKR alternative fund

By Jerry  Published On May 28, 2024
MILAN, May 27 (Reuters) – The private banking arm of Italian bank Mediobanca (MDBI.MI), opens new tab said it would start offering its wealthier clients a new, illiquid open-ended alternative fund set up by investment firm KKR (KKR.N), opens new tab.
The move comes after Mediobanca in April launched private bank Mediobanca Premier as it strives to grow its wealth management business under a new plan through 2026.
Mediobanca said at the time that Italian households held 5.3 billion euros ($5.8 billion) in financial wealth, of which 60% was not being managed.
Source: REUTER

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