Buyout firm Partners Group is lobbying the US Department of Labor to issue further guidance on private equity and 401(k)s, seeking to spur greater adoption of alternative investments in Americans’ retirement accounts.
The private equity firm plans to write to the Labor Department, which oversees retirement plans, in the coming days, according to people with knowledge of the matter. Partners Group will ask the department to reaffirm that private equity has a place in 401(k) investment lineups, the people said, asking not to be identified because the letter isn’t yet public.
