The groups want tax-deferred contribution plans such as 401ks to be able to invest in a whole range of unlisted investments: leveraged buyouts, low-rated private loans and illiquid property deals, DD’s Antoine Gara reports. Executives told the FT that deregulating would allow their funds to access at least as much in assets as the sovereign wealth funds, pensions and endowments that have traditionally backed the world’s largest groups.
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Private equity wants your retirement funds
“I jokingly say sometimes, we levered the entire retirement of America to Nvidia’s performance,” he said at a firm event this autumn. “It just doesn’t seem smart. We’re going to fix this and we are in the process of fixing it.”
