Voya Launches Two Private Equity and Fixed Income Multi-Manager Alternative CITs
VOYA•Voya Investment Management launched two multi-manager collective investment trusts—V-ALT Alternative Fixed Income and V-ALT Alternative Equity—offering private market investments for defined contribution retirement plans via advisor-managed accounts on Voya’s retirement platform. Global Trust Company serves as trustee and discretionary manager.
1. Launch Details
Voya Investment Management introduced V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity collective investment trusts designed for defined contribution retirement plans. These CITs are initially available through advisor-managed accounts on Voya’s Retirement platform, bringing private credit, private equity and other alternatives into DC-plan offerings.
2. Management Structure
Voya Investment Management Co. LLC acts as non-discretionary investment advisor, handling initial manager selection, portfolio design and allocation recommendations. Global Trust Company functions as trustee and holds discretionary authority over final investment decisions, implementation and ongoing portfolio adjustments.
3. Competitive and Regulatory Context
This launch follows a wave of asset managers developing private markets solutions for retirement channels as the Department of Labor crafts guidance on alternative asset use in DC plans. Major firms like PGIM, Goldman Sachs, Invesco and Blackstone have rolled out similar CITs or private markets partnerships in recent months.
4. Industry Outlook
Research firm Deloitte projects private-market allocations in defined contribution plans could reach $1 trillion, or roughly 6.1% of total AUM, by 2030. Voya’s new CIT series positions it to capture a share of growing demand for professionally managed alternative investments in retirement portfolios.
