The 401(k) Takeover: Private Equity Muscles In on Retirement

Even for those not buying up 401(k)-related firms themselves, a new door is opening.  Stalwarts such as Apollo Global Management Inc., Blackstone Inc., KKR & Co. and Carlyle Group Inc. want to sell their rarefied brand of investing to the masses, and the way is clear. Interviews with dozens of people from across the industry, from private equity executives to individual advisers, show how broad and deep the push is. Some buyout shops see profit in handling retire ...