The group’s own capital
PRINCIPAL INVESTMENTS
We put our own capital to work – backing the ideas, businesses and opportunities that can become KGAL’s next pillars of growth. It gives us the freedom to invest with conviction, share in the journey and take a long-term view.
Our capital, working in two ways
Principal Investments put KGAL’s own balance sheet to work in two complementary ways.
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1
New strategic pillars for the group
We invest our own capital in the businesses, markets and geographies where we see long-term potential but where an opportunity may not yet be ready or scalable for external investors. KGAL takes the entrepreneurial risk first – building knowledge, testing the model and proving the opportunity.
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2
Fund co-investments & balance-sheet assets
We also invest directly alongside our fund business, through fund co-investments and seed or warehouse positions that support new and existing strategies. By taking investment risk on the same terms as our clients, we put our own conviction behind the strategies we bring to them.

Entrepreneurial in spirit. Long-term by design.
Risk, taken deliberately. Principal Investments give KGAL the freedom to explore before the market is fully formed. Putting our own capital at risk helps us build knowledge, prove new themes and bring genuine conviction to the opportunities we later open to clients.

