Private credit firms are preparing for upcoming support from the current presidential administration to include more private assets in retirement funds, according to Bloomberg. Firms such as KKR, Blackstone and Blue Owl have already been preparing for this change by partnering with 401(k) managers.
Despite the potential risk in private credit, supporters argue that everyone should have access to these investments, not just high-net-worth investors. The $12 trillion retirement market has been highly desired by managers for years, and now firms are increasingly partnering with 401(k) firms and preparing to enhance access to investors.
If passed, the executive order would clarify that retirement savers are eligible for private equity investments, as well as possible guidance about administration and the legal processes, said Bloomberg.
Read the full story
