BlackRock To Launch 401(k) Fund Including 5-20% Private Equity After Voter Survey
A BlackRock survey of 1,000 registered voters found two-thirds support expanding 401(k) plans to include private equity, with 64% backing uniform investment options across all retirement accounts. BlackRock plans to launch a target-date 401(k) fund later this year allocating 5%–20% to private equity, shrinking allocations as retirement nears.
1. Voter Survey Shows Support for Private Equity
BlackRock surveyed 1,000 registered voters in January, finding two-thirds favor adding private equity to 401(k) plans and 64% wanting identical investment options across all retirement accounts. This strong voter approval underpins policy momentum following an August 2025 executive order promoting alternative assets in defined contribution plans.
2. Launch of Target-Date 401(k) Fund
BlackRock will introduce a target-date 401(k) fund later this year that allocates 5%–20% of assets to private equity, with the private allocation tapering as participants approach retirement. The product aims to mirror pension-plan access to alternative investments while maintaining professional management and diversification.
3. Global Markets Strategy
With U.S. equities flat in 2026 and the MSCI ACWI ex U.S. up 7.7%, BlackRock is increasing exposure to Japanese equities, citing growth and governance improvements, and targeting select European financials, utilities and healthcare names to capitalize on stronger overseas performance.