Private equity wants a piece of your 401(k) -- and hopes Trump can make it happen

Private equity firms are hoping that the new Trump administration makes it easier for them access to something they have long wanted: your 401(k).

Wall Street investment giants view Main Street retirement savings as a way to boost demand for non-listed illiquid bets that aren’t traded on any public exchange.

Such investments include real estate funds, private credit, and leveraged buyouts of companies.

Typically, private equity firms such as Apollo (APO), Blackstone (BX), and KKR (KKR) pool money from high-net-worth individuals and institutional investors such as endowments and public pensions to make these bets. (Disclosure: Yahoo Finance is owned by Apollo Global Management.)

What they have long wanted to tap is more than $12 trillion currently housed in defined-contribution plans that workers rely on for their retirement nest eggs, such as 401(k)s.

https://finance.yahoo.com/news/private-equity-wants-a-piece-of-your-401k--and-hopes-trump-can-make-it-happen-090059639.html