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DOL opens gate to private equity in DC plans; Big rush to add the asset class is not expected, experts say

Jun 15, 2020 - Pensions & Investments

After years of calls from alternative asset proponents, the Department of Labor has explicitly permitted the use of certain private equity strategies in defined contribution plans so long as a prudent fiduciary process is undertaken.

But while the Labor Department's guidance is a step in the right direction, the adoption of private equity in DC plans won't happen overnight, experts say.

"We do think the marketplace is there," said Robert Collins, managing director and head of Partner...