Voya Launches 2 Multi-Manager Alternative CITs for DC Plans as Private-Market Push Builds
Updated
Updated · Wealth Management · Jun 3
Voya Launches 2 Multi-Manager Alternative CITs for DC Plans as Private-Market Push Builds
3 articles · Updated · Wealth Management · Jun 3
Summary
Voya Investment Management rolled out two collective investment trusts—V-ALT Alternative Fixed Income and Alternative Equity—built for defined contribution plans and initially offered through advisor-managed accounts on Voya’s retirement platform.
Global Trust Company will act as trustee and discretionary manager with final investment authority, while Voya serves as non-discretionary adviser on manager selection, portfolio design and allocation recommendations.
The launch targets a fast-growing retirement-market shift toward private credit, private equity and other alternatives, with the Labor Department simultaneously drafting guidance after a comment period that drew more than 37,000 submissions.
Rivals are already moving into the channel: AllianceBernstein, Brookfield and Carlyle launched a private-markets DC offering two weeks ago, while PGIM, Goldman Sachs, Invesco, State Street, Apollo, KKR and Blackstone have also expanded products or partnerships.
Deloitte estimates private-market allocations in DC plans could reach $1 trillion, or 6.1% of total assets under management, by 2030.