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Blackstone, UBS, and Neuberger Berman target $12tn 401(k) market to expand private equity access

Private Equity Insights

Their efforts follow a foundation laid by former Senator Pat Toomey, now a board member at Apollo Global Management, who advocated for legal clarity on private equitys inclusion in retirement plans. Private equity managers are also lobbying the SEC to raise the 15% limit on illiquid assets in mutual funds.