IN A WORLD OF DISRUPTION WHERE one day's winner is next week's loser, private equity managers are fighting back. The private equity industry, long dependentondefinedbenefitpensionplans as major investors in its funds, has watched for over a decade as private sector pensions have frozen, closed, or moved to a fixed income strategy known as liability-driven investment. To mitigate the shrinking of their investorbase.privateequity firms have set their sights on a giant and growing U.S. defined contribution market that stands at 90 million participants with a total of $6.7 trillionin assets.
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