For its foray into the mutual fund space, a private equity giant has chosen
U.S. Bancorp Fund Services as a key back-office provider.
Earlier this year
KKR [
profile]
switched to U.S. Bancorp as fund administrator, dividend disbursing agent, transfer agent and registrar for shares for the
KKR Alternative High Yield Fund.
SEI Investments Global Fund Services previously handled the fund's administration while
DST Systems previously handled the other duties.
Spokespeople for SEI and U.S. Bancorp were not immediately able to comment for this story.
MFWire could not immediately reach spokespeople for DST and KKR for comment. 
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