USA TODAY reposted this
In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change. Retirement savers with 401(k) accounts are gaining access to the private investment market, which mostly pivots on privately held companies, rather than public ones. BlackRock, the world’s largest asset manager, announced in June that it will offer a 401(k) target-date retirement fund that includes private investments, with a launch date in 2026. Another retirement giant, Empower, said in May it will offer private investments in some workplace accounts later this year. Other retirement plan providers have made similar moves. And the Trump Administration is expected to sign an executive order in coming days that would call for federal guidance on adding private investments to 401(k) plans. Here's what it all means. Featuring Robert Brokamp, CFP® of The Motley Fool, Keith Singer, Caleb Silver of Investopedia, and Tom Gahan of Procyon. https://lnkd.in/eMDtdWMi
