Very few plans include investments that use PE, and guidance this week from the Labor Department might not change that.
On Wednesday, the Department of Labor published a letter in response to Pantheon Ventures, clarifying that private equity is indeed allowed to be used within defined-contribution plans as part of a multi-asset investment strategy, such as a target-date product.
Andreessen Horowitz is looking for 'entrepreneurs who did not have access to the fast track in life but who have great potential.' SoftBank launches $100 million fund for 'companies led by founders and entrepreneurs of color.'
In the first five months of 2020, the 29 new active funds, including a wave of new non-transparent ETFs, have put the industry on pace for a total of 70, exceeding 2018 (64) and 2019 (59) levels, according to First Bridge Data.