Matt Levine’s Money Stuff: Private Assets Are Coming to 401(k)s

You can put private assets in 401(k)s now

Yay? Look, the timing isn’t great. Even a few months ago, the big story in financial markets was the rise of private credit, and the push to put alternative assets like private equity and private credit into ordinary people’s retirement funds. But now the big story is that ordinary people are trying to get their money out of private credit funds, and not being able to, and being upset. It is not the most auspicious possible moment to ask people to put more private credit in their 401(k)s. But financial-market memories ...