AllianceBernstein Holding, Brookfield Asset Management and Carlyle have announced a collaboration to deliver an innovative, turnkey private markets solution for defined contribution (DC) pension plans providing broader asset class diversification to retirement savers. Designed for implementation alongside an existing target-date fund or managed-account solution, “ABC [ONE]” is intended to be a single source of private-markets exposure for a DC plan’s Qualified Default Investment Alternative (QDIA). The solution will dynamically adjust private asset allocations across private credit, private real assets and private equity, depending on a participant’s stage in their retirement-savings journey.
AB, a leader in glide path design and asset allocation with $105 billion in assets under management (AUM) in custom target-date solutions, will manage the allocation to the three private market asset components alongside the plan’s existing QDIA, based on participants’ ages a
