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The firms will collaborate on a single product that will invest in private equity, private credit and real assets for 401(k) and other workplace defined-contribution plans. The product, called ABC [ONE], is designed to be implemented alongside existing target-date funds or managed accounts, and investors’ exposures to the underlying asset classes will be adjusted depending on when they’re expected to retire.
“We think what is going to be successful in the 401(k) space is to have a diversified, straightforward solution,” Bill Ryan, Carlyle’s head of retirement solutions, said in an interview. “Plan sponsors and consultants need to understand it and that’s the biggest barrier to entry.”
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