Source: Racket News
by Eric Salzman
“President Trump has made the move to firmly hit private equity’s (PE) G-Spot: unfettered access to the $12 trillion 401(k) market. This past Thursday, Trump signed an executive order Democratizing Access to Alternative Assets for 401(K) Investors. The order directs the Secretary of Labor Lori Chavez-DeRemer to review and potentially remove the biggest obstacle PE has had in gaining access to 401(k) plans, most notably the plan manager being sued for not performing their fiduciary responsibilities by investing in PE. … democratizing access to private equity is a noble concept, but it appears the real access being ‘democratized’ is PE’s access to the billions in fees it can collect from new retail clients while obtaining sharp new leverage over their existing institutional clients.” (08/13/25)
https://www.racket.news/p/private-equity-managers-are-primed