Monday, 30 March 2015
Last updated 9 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…