Voya Financial Partners with Blue Owl Capital to Innovate Retirement Investment Options
- Voya Financial partners with Blue Owl Capital to enhance retirement investment options for defined contribution plans.
- The collaboration aims to develop collective investment trusts, integrating private market strategies into Voya's retirement platform.
- Voya remains committed to empowering retirement savers with diverse investment tools and solutions tailored to their needs.
Voya Financial and Blue Owl Capital Forge Strategic Alliance to Enhance Retirement Investment Options
In a significant move for the retirement investment landscape, Voya Financial, Inc. and Blue Owl Capital Inc. announce a strategic partnership aimed at creating private markets investment products tailored for defined contribution retirement plans. With Voya managing over $630 billion in defined contribution assets for more than nine million participants across 39,000 U.S. employers, this collaboration promises to enhance the retirement planning experience by integrating alternative investment strategies into mainstream retirement offerings. The partnership is specifically designed to address the growing demand for innovative investment solutions that can help participants build more resilient portfolios.
The focus of the partnership is on developing collective investment trusts (CITs) that will provide access to Blue Owl's robust private market strategies via Voya's extensive retirement platform and advisor-managed accounts. As a global leader in alternative asset management, Blue Owl brings over $273 billion in assets under management, positioning them as a vital contributor to this initiative. The strategic alliance not only aims to meet the increasing appetite for alternative investments but also seeks to empower retirement savers with tools that support long-term financial security and income generation. This is particularly crucial in a retirement environment that is increasingly marked by market volatility and the need for income stability.
Both companies emphasize the importance of aligning their expertise to benefit retirement plan participants. Blue Owl's Co-CEOs, Doug Ostrover and Marc Lipschultz, highlight Voya's deep understanding of the retirement sector, which is critical to developing solutions that prioritize downside protection and income generation for individuals preparing for retirement. The initial rollout of CITs will be complemented by plans for further retirement-focused private investment solutions accessible through various channels, including third-party platforms. By leveraging each other's strengths, Voya and Blue Owl aim to redefine retirement investing, making alternative investments more accessible and appealing to a broader audience.
In addition to this strategic collaboration, Voya Financial remains committed to its mission of empowering retirement savers by providing essential investment tools and solutions that address their unique needs. The partnership with Blue Owl underscores Voya's dedication to enhancing its offerings, ensuring clients have access to diverse investment options that align with their financial goals.
The alliance between Voya and Blue Owl marks a pivotal development in the retirement investment sector, reflecting an industry trend toward integrating alternative investment strategies into retirement plans. As the landscape continues to evolve, this partnership positions both firms to lead the way in offering innovative solutions that meet the changing demands of retirement savers.
