Leveraged buyout stalwart KKR & Co. is taking a stab at retail investors with a proposed new offering dubbed the KKR Alternative High Yield Fund.

The fund will make fixed-income bets, including high yield bonds, notes, debentures, convertible securities and preferred stock, according to the filing. It will be co-managed by Erik A. Falk, co-head of leveraged credit, Frederick M. Goltz, head of credit strategies and global trading, Christopher A. Sheldon, o-head of leveraged credit and William C. Sonneborn, chief executive officer of KKR Asset Management LLC, the fund’s investment adviser.

A spokesperson for the firm was not immediately available for comment on the new offering.  

The NYSE-listed firm was founded in 1976 and currently manages some $62 billion.

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