AB, a leader in glide path design and asset allocation with
Global alternative investment firm Brookfield will manage the private real assets component, global investment firm Carlyle will manage the private equity component, and AB will manage the private credit component.
ABC [ONE] is built to address changing market dynamics, with inflation-adjusted returns expected to be lower in the decade ahead and public markets offering less diversification. By incorporating private market assets with professionally managed DC retirement solutions – such as target-date funds –ABC [ONE] seeks to offer the potential to enhance returns and improve diversification alongside public market exposures.
"We're pleased to bring together Brookfield, Carlyle and AB to provide a turnkey private markets solution to DC plans that gives retirement savers an allocation to private markets that dynamically adjusts by age," said Onur Erzan, President of AllianceBernstein. "For more than a decade, AB has been incorporating private assets in custom target-date funds, in both the US and the
"We are excited to bring the breadth of Brookfield's private strategies to the defined contribution space, alongside a market-leading target-date manager," said Connor Teskey, CEO of Brookfield Asset Management. "With more than 125 years of experience owning, operating and investing in the infrastructure, energy and real estate assets that underpin the global economy, we believe private real assets offer compelling diversification benefits and differentiated return drivers that can support more stable, resilient long-term outcomes for DC participants."
"We believe private equity can play a meaningful role in enhancing retirement outcomes over time," said John Redett, Co-President and Head of Global Private Equity at Carlyle. "Our global private equity platform draws on decades of deep experience investing across cycles, sectors, and regions. By combining expertise with a diversified investment approach, we aim to help investors access opportunities aligned with long-term retirement needs. We're pleased to collaborate to deliver a thoughtfully designed solution that brings together complementary strengths for DC plans."
ABC [ONE] will use AB's proprietary DC technology platform, which enables the firm to deliver highly customized default solutions to clients and effectively operationalize them with key business partners such as recordkeepers.
*AUM as of Q1 2026
About AllianceBernstein
AllianceBernstein (AB) is a leading global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients in major world markets. As of April 30, 2026, AB had
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-brookfield-and-carlyle-unveil-turnkey-private-markets-solution-for-defined-contribution-plans-302777461.html
SOURCE AllianceBernstein
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