In late 2014, partners group plunged into the defined-contribution-pension market by announcing the first product to offer traditional private equity exposure within a target-date fund. But it took until the end of last year for the Baar-Zug, Switzerland-based private equity firm to win its first commitment, a $50 million allocation from a private pension fund in the U.S. Midwest. Partners expects to launch similar products in the U.K. and Australia during the first quarter of this year, once regulators approve them. "We're playing the long game," says Robert Collins, a managing director at the $47 billion firm's New York office who oversees its U.S. defined contribution business. "This is the future of pension funds, and we want to be there."
展开▼
