Deals
Panel Pushes to Give Ordinary Investors Access to Private Equity
- Group led by banks and assets managers makes pitch for changes
- Legal harbor sought for 401(k) sponsors offering fund choices
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Individual investors should have access to private equity, according to a report from the Committee on Capital Markets Regulation.
The group, which includes representatives from asset managers and banks, called on U.S. regulators to make it much easier for 401(k) plans to invest in private equity funds. The Department of Labor should issue guidance protecting plan sponsors from legal claims such as those related to costs or liquidity, said the report released Tuesday.