The firms will collaborate on a single, standalone product that will invest in private equity, private credit and real assets for 401(k) and other workplace defined-contribution plans, according to a joint statement Wednesday.
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, according to the statement.
The three firms plan to work ...