Labor Department proposes including alternative assets in retirement accounts as private equity stocks jump

A federal government plan to include alternative assets in 401(k)s has lifted the stock of private equity giants. On Monday, the US Labor Department officially issued a proposal opening the door for alternative assets like private equity, credit, and cryptocurrency to be included in retirement accounts for more than 90 million Americans. The move comes at a tenuous moment for alternative assets, which have faced a bear market in 2026. Shares of Apollo Global Management (APO), Blackstone (BX), and KKR ...