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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...