Private Equity Wants to Come to Your $12 Trillion Retirement Party
Alternative asset managers have a hankering for your 401(k) savings.
People sit on a bench in Hercules, California, US, on Thursday, June 20, 2024.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at private equity’s campaign to get into your 401(k) and to put the DA back in Ebitda. When it’s not revolutionizing retirement or tax law, the industry is spending its days trying to be more like Warren Buffett. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Allison McNeely, Dawn Lim and Erin Fuchs
Private equity firms are angling for a piece of your 401(k).