Manulife John Hancock and Great Gray plan target-date CITs with private markets exposure
Key points
- The Lifetime Blend+ target-date CIT suite is in development
- The suite would allocate up to 20% to private markets, including private equity, credit, infrastructure and real estate
- It targets defined contribution plan participants
Manulife John Hancock Retirement and Great Gray Trust Company announced on Nov. 9 that they are developing Lifetime Blend+, a suite of target-date collective investment trusts (CITs). The suite would allocate up to 20% to private markets, including private equity, credit, infrastructure and real estate, with capabilities expected from Apollo, J.P. Morgan Asset Management, StepStone and Townsend. It targets defined contribution plan participants.
Original report: 401(k) Specialist ↗Edited with AI assistance. Facts are based on official sources and original reports. For information only; not legal, immigration or insurance advice.