Basic Capital, a technology-driven retirement platform, and global investment firm Carlyle have announced a collaboration to bring Carlyle’s private markets investment strategies, through certain SEI products, to 401(k) and other defined contribution plans. Carlyle and SEI’s strategic partnership to expand access to private markets includes the creation of several collective investment trusts, trusteed by SEI Trust Co., that will have exposure to Carlyle private markets strategies and be available on Basic Capital’s open-architecture platform.
The collaboration is designed to give plan sponsors and their advisers a new way to broaden the investment options available to retirement savers. The first solution made available on Basic Capital’s platform will blend public equity and Carlyle’s private equity strategies and be designed to sit within a participant’s existing large-cap equity allocation.
“Retirement savers have largely been limited to public market
