Empower announced that Blackstone, has joined its private markets investment partnership program -- expanding the range of private market strategies available to millions of American retirement savers. Empower's initiative enables defined contribution plans to incorporate private equity, private credit, private infrastructure, and private real-estate exposure via collective investment trust (CIT) structures. With the addition of Blackstone, Empower is now adding a leading provider of private market investments to its platform.
Blackstone is the world's largest alternative asset manager, with over $1.2 trillion in assets under management. The firm was a first mover in the individual investor space, with a track record of providing private markets solutions to individuals since 2002. Blackstone offers access to institutional-caliber investment opportunities across private equity, real estate, private credit and infrastructure.
The firm has a dedicated business unit focused on retirement solutions -- underscoring its commitment to bringing private markets access to workplace-savings vehicles. Strengthening retirement portfolios: Empower enables employers to offer private market CITs within their plan's investment lineup, provided they partner with an advisor to deliver the solution through an advice-based managed account. Within this managed-account platform, allocations are tailored to each individual's risk tolerance, time horizon and long-term financial goals.
Empower's program is designed to give participants the potential benefits associated with private market investing -- including diversification and new sources of long-term return -- within the guardrails of a structure built for liquidity management and fee efficiency. With the addition of Blackstone, Empower continues expanding access to asset classes historically reserved for institutional investors and high-net-worth individuals.
