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Aflac Turns to KKR as Kirsch Diversifies $120 Billion Portfolio

  • KKR to develop and manage customized private equity investment
  • Kirsch has been expanding bets beyond government bonds
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Aflac Inc. has turned to KKR & Co. for a push into private equity as Chief Investment Officer Eric Kirsch diversifies the insurer’s portfolio of almost $120 billion.

The buyout firm is developing and managing a customized private equity portfolio for the insurer, a spokeswoman for New York-based KKR said Tuesday.