Three PE Giants Partner with OneDigital to Offer Private Assets in 401(k) Plans

Blackstone, Apollo Management, and Ares Management are partnering with OneDigital to add private equity and private credit to certain 401(k) portfolios. The move aims to increase competition in the alternative investment space and provide employers with a wider range of options for their retirement plans. The partnership will allow OneDigital to offer private assets to adviser-managed portfolios, potentially benefiting plan sponsors and participants.