All articles tagged with #private assets
BlackRock achieved a record $13.5 trillion in assets under management in Q3, pulling in $205 billion in client funds, driven by growth in private credit, alternative assets, and digital asset initiatives, despite higher costs and strategic acquisitions.
President Donald Trump is set to sign an executive order to allow private equity, real estate, cryptocurrency, and other alternative assets in 401(k) retirement plans, aiming to expand investment options and potential returns for savers, while also promoting the cryptocurrency industry. The move involves reevaluating guidance on alternative assets under ERISA and coordinating with federal regulators to facilitate access, marking a significant shift in retirement investment policy.
Private equity firms like Blackstone are partnering with Vanguard and Wellington to introduce private assets into retail retirement accounts such as 401(k)s and IRAs, aiming to tap into the $29 trillion in American retirement savings. While this move offers potential for higher returns and diversification, it also raises concerns about higher fees, liquidity risks, and the complexity of private investments for everyday investors, amidst a shifting regulatory landscape and industry slowdown.