Allison McNeely

If the White House were to issue a directive, it would spur government agencies to work faster on potential legal or regulatory changes to spur wider adoption of alts in 401(k)s.

This is the kind of action the PE industry, which is running out of sources of fresh cash, has been hoping for.

There's roughly $12 trillion sitting in 401(k)s that is allocated to stocks and bonds, with very few defined-contribution retirement plans offering any alternative investments like private equity. Plan administrators are nervous about getting sued if they drift from that traditional asset mix.

White House Weighs Directive to Bring Private Equity to 401(k)s Advisers to President Donald Trump are considering a new directive to pave the way for private equity to become a bigger piece of US retirement savings, according to people familiar with the matter.

Advisers to President Donald Trump are considering a new directive to pave the way for private equity to become a bigger piece of US retirement savings. www.bloomberg.com/news/article...

shout out to Ed Helms for the perfect endorsement of Bloomberg (and we don't just do finance news!).

KKR’s Infrastructure Whisperer Looks to Reawaken Property Arm When KKR & Co. thought about the future of a unit investing in the most sluggish part of private markets, it turned to a hot sector.

When KKR & Co. thought about the future of a unit investing in the most sluggish part of private markets, it turned to a hot sector. Our look at the creation of the firm's Real Assets unit and what's next. www.bloomberg.com/news/article...

Elite Colleges Lead a Rush for the Exits of Private Equity Private equity firms are taking the longest in more than a decade to give investors their money back. Elite college endowments, some of their most dependable clients, can’t wait much longer.

Private equity firms are taking the longest in more than a decade to give investors their money back. Elite college endowments, some of their most dependable clients, can’t wait much longer. www.bloomberg.com/news/article...

Canadian Election Live Results 2025 Track Canada’s electoral seats, districts, and key battlegrounds in real time

Bloomberg's Canadian election tracker looks great. I'll be following closely (from afar!) to see how my fellow citizens vote. www.bloomberg.com/graphics/202...

the best part of going to IKEA is imagining all the great upgrades you can make to your apartment, then getting overwhelmed and just walking out with a new vase and some candles.

Private Equity Is Coming for America’s $12 Trillion in Retirement Savings Inside the push to change how every American’s nest egg is invested and make private assets mainstream.

Private equity firms are angling for a piece of your 401(k).

My colleague Dawn Lim and I delved into how the industry is positioning itself to tap a sliver of the roughly $12 trillion held in defined-contribution retirement plans.

www.bloomberg.com/news/article...

KKR Founders Help Drive Its Quest to Become a ‘Mini Berkshire’ KKR & Co.’s plan to break from the traditional buyout model and hold some bets on its own books for decades is being directed by a tight-knit group, including co-founders Henry Kravis and George R...

KKR & Co.’s plan to break from the traditional buyout model and hold some bets on its own books for decades is being directed by a tight-knit group, including co-founders Henry Kravis and George Roberts. www.bloomberg.com/news/article...

KKR Names New Global Atlantic Leaders, Succeeding Allan Levine KKR & Co. is tapping new leaders for its Global Atlantic insurance unit and moving Allan Levine, its CEO and co-founder, into the role of executive chairman.

KKR is tapping new leaders for its Global Atlantic insurance unit and moving Allan Levine, its CEO and co-founder, into the role of executive chairman. Billy Butcher and Manu Sareen will become co-heads of Global Atlantic and lead day-to-day operations. www.bloomberg.com/news/article...

Blue Owl Gathers $1 Billion After Pitching an Unusual Sweetener Blue Owl Capital Inc. gathered at least $1 billion of commitments after pitching an unorthodox incentive to anchor investors in a strategy backing asset-shuffling private equity deals.

Blue Owl Capital has raised more than $1 billion for its first strategy backing continuation vehicles by offering a unique sweetener to early investors -- they get a cut of the fees in a retail fund that will be raised alongside the institutional fund. www.bloomberg.com/news/article...

🎙️ LIVE AT 12PM EST: How are investors and business leaders navigating new uncertainty and opportunity in 2025? It's a theme infused in this year's #BloombergInvest in New York.

Bloomberg journalists will answer your questions in a Live Q&A: bloom.bg/3EWKHp3

Looking forward to joining this event with a few of my colleagues on Monday. Hope you'll tune in.

‘Buy Canada, Bye America’: Trump’s Taunts Spur Fury in the North Grocery stores are promoting homegrown produce to consumers as 85% of Canadians hunt for alternatives to US goods.

As a Canadian (who lives in the US), I've been curious if Americans broadly realize -- or care -- how mad their northern neighbours are right now. Great story from @geoffmorgan.bsky.social. (My mom also switched her dog's food to a Canadian brand.) www.bloomberg.com/news/article...

Private Equity’s Zero-Emission Bets Rack Up Lots of Zero Returns Private equity firms face a sober reckoning on their renewable energy bets. Simply put, a lot of those startups aren’t worth nearly what their sponsors paid for them, and some of those zero-emission v...

Private equity firms face a sober reckoning on their renewable energy bets. Simply put, a lot of those startups aren’t worth nearly what their sponsors paid for them, and some of those zero-emission ventures are just plain zeroes. www.bloomberg.com/news/article...

KKR Nears $14 Billion for Buyout Fund in Show of Momentum KKR & Co. is more than halfway to a $20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult environment for the asset class.

KKR has gathered around $14 billion ahead of a first close of its North America private equity fund, a sign of momentum during a difficult environment for the asset class. www.bloomberg.com/news/article...

Trump Takes Aim at Private Equity’s Favorite Tax Loophole Again President Donald Trump is once again saying he wants to end a tax perk used by private equity fund managers, a policy feat that politicians have tried and failed to achieve for more than a decade.

President Donald Trump is once again saying he wants to end a tax perk used by private equity fund managers, a policy feat that politicians have tried and failed to achieve for more than a decade. www.bloomberg.com/news/article...

KKR Hires First Head of Defined Contribution in 401(k) Push KKR & Co. hired its first head of defined contribution as the alternative asset manager looks to make its investments a bigger presence in retirement products for individuals.

KKR has hired Melissa Kivett as its first head of defined contribution to lead the alternative asset manager's efforts to develop products and partnerships to sell private assets into 401(k) plans. www.bloomberg.com/news/article...

KKR Combines $157 Billion Infrastructure, Real Estate Businesses KKR & Co. is moving its infrastructure and real estate assets under the same leadership as it looks to capitalize on converging opportunities between the rapidly expanding investing units.

KKR & Co. is moving its infrastructure and real estate assets under the same leadership as it looks to capitalize on converging opportunities between the rapidly expanding investing units.
www.bloomberg.com/news/article...

It’s true. Great surface area and fun shape.

Private Equity Faces Pockets of Distress for Long-Held Assets Private equity firms’ strategy of shuffling assets to buy more time for investments to pan out is starting to show signs of weakness.

Private equity has embraced a form on financial engineering that allows firms to hold onto assets for longer while generating returns for initial investors. Now that strategy is running into trouble. www.bloomberg.com/news/article...

Sending myself money for winning the fantasy football league that I’m co-commissioner of

Boehly’s Insurer Reaps Gains and Doubts From Loans to His Firms Private equity firms have become enamored with insurance and the stable money it provides for credit bets. Todd Boehly is taking it a step further with Security Benefit Life Insurance Co.

Todd Boehly's Security Benefit Life has produced market-leading returns through a strategy of investing in loans to affiliated companies. But that strategy has raised concerns in some corners of the life insurance industry. Latest, with @alexrajbhandari.bsky.social. www.bloomberg.com/news/article...

Blackstone’s Data-Center Ambitions School a City on AI Power Strains Property owners around Fayetteville, Georgia, are at the front lines of a battle over infrastructure critical to our tech future.

Read this amazing story from Dawn Lim and Josh Saul about what happened to Fayetteville, Georgia, when a Blackstone-backed data-center developer came to town. www.bloomberg.com/news/feature...

The Stories We Most Admired in 2024: Businessweek’s Jealousy List The stories we admired most this year.

A great list of things to read and listen to thanks to Businessweek's annual Jealousy List www.bloomberg.com/features/202...

Baupost, Elliott Bet Big on Private Equity’s Aging Energy Assets A booming market to inject fresh money into hard-to-sell energy assets owned by private equity firms is drawing interest from hedge funds and other investors, leading to big wins and steep losses.

A booming market to inject fresh money into hard-to-sell energy assets owned by private equity firms is drawing interest from hedge funds and other investors, leading to big wins and steep losses. www.bloomberg.com/news/article...

Bloomberg News reporters Join the conversation

More Bloomberg News reporters and editors have been added to our starter pack of Bloomberg News journalists. We hope you <GO> and follow them!

Apollo Faces CEO Question and Golden Moment If Trump Picks Rowan as Treasury Chief Apollo Global Management Inc. Chief Executive Officer Marc Rowan’s potential next act as US Treasury secretary would thrust the firm he co-founded into an entirely new era of leadership. It may also h...

Apollo Global Management Inc. Chief Executive Officer Marc Rowan’s potential next act as US Treasury secretary would thrust the firm he co-founded into an entirely new era of leadership. It may also help unlock trillions of dollars for its hottest business line. www.bloomberg.com/news/article...

Trump Win Boosts Firms’ Optimism About Putting PE in 401(k)s The biggest US private equity firms anticipate that President-elect Donald Trump’s victory could aid their ambitions to capture some of the $11 trillion sitting in defined-contribution plans such as 4...

The biggest private equity firms are gearing up to push for including private assets in 401(k)s as they see a friendlier regulatory environment under President-elect Donald Trump's administration. www.bloomberg.com/news/article...