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BlackRock Puts Private Equity and Credit Into 401(k) Funds

Takeaways by Bloomberg AI

Larry Fink is taking the next step in his plan to give possibly millions of Americans access to private markets through their retirement savings accounts.

BlackRock Inc. said Thursday that Great Gray Trust Co., which provides services for more than $210 billion in assets, plans to start a target-date fund that will include private credit, along with BlackRock private equity, stock, fixed income and other investments.