US set to expand 401(k) investment options to include alternative assets like private markets, crypto.
Big Private Equity Managers Will Win 401(k) Race, Blackstone’s Gray Says
The White House is preparing an executive order to provide legal assurances for 401(k) plan managers.
Blackstone Inc. President Jon Gray said the industry’s biggest players will likely dominate this new landscape.
Source: https://www.bloomberg.com/news/articles/2025-07-24/big-firms-will-win-private-equity-s-race-for-401-k-s-says-blackstone-s-jon-gray