BlackRock promotes blending public-private assets for retirement

BlackRock CEO Larry Fink highlighted the growing interest in blending public and private markets for retirement plans. Currently, private assets make up less than 1% of 401(k) plans, but major asset managers aim to increase this share for better diversification. Fink noted that many large companies are now private, raising questions about how to give retirement plan participants access to these investments. He emphasized the need for transparency and analytics to help investors understand the risks associated with private assets. BlackRock recently acquired Preqin to enhance its analytics on private markets. Fink believes that improved transparency could help regulators accept private assets as viable options for retirement products.