05.14.25

401(k) Giant to Allow Private Markets Investments in Retirement Portfolios

by: Anne Tergesen

Empower will start allowing private credit, equity and real estate investments in some of the accounts it administers later this year. It is joining with seven firms to offer these investments, including Apollo Global Management and Partners Group. Wall Street firms have been pushing to get private investments into the hands of main street investors, and they see the $12.4 trillion market for 401(k)-type retirement plans as crucial to their growth.

Read the full article on The Wall Street Journal