Recent industry data shows that private-equity funds aimed at wealthy individuals continue to draw in fresh capital as the universe of alternative investments grows beyond its roots serving endowments, pension funds and other institutions.
In a MarketWatch article, Joshua Lichtenstein, partner in the employment, executive compensation and employee benefits group and head of the firm’s ERISA fiduciary practice, spoke to the concept of private-equity firms drawing in more retirement money from defined contribution plans, which has not yet taken off in popularity.
“The biggest challenge we’re facing is willingness to be a first mover,” Joshua said. “It’s sort of a chicken and the egg problem. If there were a number of defined contribution and 401K plan sponsors already doing it, there would be a lot doing it.”
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.