Private loan giants are布局401(k) market Trump's policies may accelerate progress.

In the past week, when President Donald Trump was keen on stimulating more private assets to enter retirement funds, the largest direct lending institutions were fully prepared. In fact, the industry has laid the groundwork for this for a long time. Companies including KKR & Co., Blackstone Inc., and Blue Owl Capital Inc. have established partnerships with 401(k) management companies. Industry associations and executives have also been lobbying officials in Washington and promoting their case to the public—all part of a long-term effort to expand the coverage of private credit.