Updated
Updated · Wealth Management · Jun 3
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.

Insights

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How can 401(k)s promise daily cash-outs on investments that are designed to be locked up for years?