AvalancheThe tokenized feeder into KKR's Health Care Strategic Growth Fund II, issued on Avalanche through Securitize in 2022, was the first time a major private equity firm opened a flagship vehicle to tokenized access. The fund pursues growth equity in healthcare companies across North America and Europe.
The first tokenized KKR fund: healthcare growth equity on Avalanche.
Prism analyst note
A structural landmark more than a trading asset: quarterly NAV, J-curve economics, decade-long horizon, and near-zero secondary liquidity. Tokenization here digitized the paperwork, not the exit. NAV progression through 2025 reflects the healthcare growth portfolio maturing past its J-curve trough. Suitable only as a locked, long-duration allocation.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
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This listing is based on the issuer's official disclosures. Prism has not independently confirmed it on-chain.
- What was checked
- This listing is based on the issuer's official disclosures. Prism has not independently confirmed these disclosures on-chain.
- Source
- Securitize
- Last verified
- Jan 10, 2026
- Custody
- Fund custodian per LP structure
Structure & compliance
- Underlying
- Healthcare growth equity portfolio (KKR managed)
- Legal structure
Documents & disclosures
Frequently asked
Can I sell my position?+
Only via approved transfers to other qualified purchasers. There is no liquid secondary market for PE feeders.