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401(k)s and the next wave of democratisation

privateequitywire

3 months ago

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As the Department of Labor sets out how 401(k)s can gain access to private markets, investors are looking to move past the challenges which democratisation has posed so far. But questions remain over how illiquid, opaque assets can become compatible with retirement plans.
By Jack Arrowsmith, London
The democratisation of private markets was once just an aspiration for fund managers, but it has now well and truly arrived.
Through retail-focused channels such as BDCs, firms have begun to tap into...

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