Blue Owl Capital (OWL) and Voya Financial (VOYA) announced a strategic partnership to develop private markets investment products for defined contribution retirement plans. The strategic partnership will offer private markets strategies in vehicles tailored for defined contribution retirement plans, addressing the growing demand for alternative investment solutions within retirement portfolios. The partners will initially focus on the joint development of collective investment trusts that provide access to private markets strategies offered by Blue Owl and Voya. The CITs will be available through advisor-managed accounts on Voya’s retirement platform and through target date solutions managed by Voya Investment Management. As the markets for these products continue to evolve, Blue Owl and Voya IM will also collaborate to develop retirement-focused private investment solutions available through other channels, including third-party retirement platforms and target date account providers. This initiative opens the door for retirement plan participants to access a broader range of investment opportunities, supporting individuals in building more resilient portfolios and optimizing their retirement outcomes.
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