Private equity has been largely the province of ultra-rich investors, endowments and pension funds. That may be changing.

Private equity tends to be illiquid: Investors generally see their money tied up for months or years. In a 401 (k), by contrast, you can typically buy or sell investments daily.

BlackRock Inc. said Thursday that Great Gray Trust Co., which provides services for more than $210 billion in assets, plans to start a target-date fund that will include private credit, along with ...

In 2020, the US Department of Labor issued guidance allowing 401 (k) plans to include private equity investments as part of diversified investment options, such as target-date funds.