William Blair investment banking director Josh Funt was quoted in PEHub, where he shared his outlook on private equity’s interest in, and the socioeconomic impacts on, companies providing retirement plan management solutions to employees.
Funt highlighted how the passage of Secure 2.0, a bill that requires companies to automatically enroll their employees into a retirement plan, as well as the fact that many small businesses are still without a retirement plan provider should create sector tailwinds and returns for the private equity investors who are acquiring companies offering these resources to businesses of all sizes.