Voya Investment Management, the asset management business of Voya Financial Inc., launched a multi manager series of collective investment trusts featuring private market investments designed for defined contribution retirement plans.<\/p>\n
V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity will initially be available through advisor-managed accounts on Voya\u2019s Retirement platform. Global Trust Company, an independent trust company, is the trustee for the V-ALT CITs.\u00a0<\/p>\n
Voya Investment Management Co. LLC serves as non-discretionary investment advisor, advising on initial manager selection, portfolio design and allocation recommendations. GTC serves as the trustee and discretionary manager, retaining authority over final investment decisions, implementation and ongoing changes.\u00a0<\/p>\n
\u201cWhen it comes to introducing investments like private credit, private equity and other alternatives into DC plans, we believe that professionally managed investment products, such as advisor-managed accounts or a CIT or registered fund structures, represent an appropriate starting point,\u201d Voya Retirement President Amy Vaillancourt said in a statement. \u201cRather than place the burden on individual participants or a plan sponsor to decide if, when, or how much to allocate to less liquid investments, these decisions are made within a framework designed to balance opportunity with prudent risk management.\u201d<\/p>\n