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Bloomberg Audio Studios Podcasts Radio News One day in January,
less than a week before President Trump's second inauguration,
a group of more than 30 money managers hopped onto a zoom call.
It included representatives from Blackstone, UBS and other big Wall street firms.
It was sort of a meeting of like minded individuals to strategize about.
I guess goals would be a way of putting it that have in common.
Alison McNeely covers the private equity industry for Bloomberg.
One key principle I think that folks were coalescing around was the idea to get more private equity,
private credit, hedge funds, that sort of thing, into the retirement accounts of everyday Americans.
They wanted a piece of the 401K. It's kind of the next gold rush.
For a long time, private equity firms have relied on capital from pension funds,