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Private credit firms are launching new vehicles to reach everyday investors in the US by making their products more compatible with 401(k)s and other retirement accounts. The new funds offer individual investors options to cash out periodically, and firms are waiting for guidance from the Labor Department on how to make private credit and other assets available to 401(k) investors.
“You have many managers working on new ways for retail investors to access the market, and there’s a focus on delivering vehicles which can provide enough liquidity for 401(k) access,” said Jennifer Daly, chair of private credit and special situations at Paul Hastings.
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