P.E. Firms Eye 401(k)s

Aug 29 2014 | 7:24am ET

Fewer and fewer Americans have access to the kind of pension plans that private-equity firms have relied on for years. But the industry is moving to ensure that the wane of pensions doesn’t shut them out of the retirement business.

Several p.e. firms, including the Carlyle Group and Kohlberg Kravis Roberts, are working on products that could be made available to defined-contribution retirement plans, such as 401(k)s. The funds could be available as soon as next year, The Wall Street Journal reports.

Pantheon Ventures is among the most advanced in terms of defined-contribution planning. The $30.5 billion firm is in talks with plan sponsors and should have an agreement in place by next year.

The Pantheon fund, unlike most p.e. funds, would have daily valuation and liquidity, to make it fit better into the 401(k) model, which relies primarily on mutual funds.


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