State Street Global Advisors Announces State Street Target Retirement IndexPlus, Providing Defined Contribution Investors Access to Both Public and Private Markets Exposures
State Street Global Advisors has launched the State Street Target Retirement IndexPlus Strategy, a new investment solution combining public and private market exposures for defined contribution plans. The strategy allocates 90% to public markets through State Street-managed index strategies and 10% to private markets via Apollo-managed pooled investments.
The strategy will be managed by State Street's Investment Solutions Group, which oversees more than $200 billion in global target-date assets. This innovative approach aims to provide retirement savers with enhanced diversification opportunities through private market access.
This launch represents the second major milestone for State Street's retirement strategies in 2025, following the announcement that IncomeWise™ and related custom target-date strategies have accumulated over $20 billion in committed assets.
State Street Global Advisors ha lanciato la State Street Target Retirement IndexPlus Strategy, una nuova soluzione di investimento che combina esposizioni ai mercati pubblici e privati per i piani di contribuzione definita. La strategia destina il 90% ai mercati pubblici attraverso strategie di indice gestite da State Street e il 10% ai mercati privati tramite investimenti collettivi gestiti da Apollo.
La strategia sarà gestita dal gruppo Investment Solutions di State Street, che supervisiona oltre 200 miliardi di dollari in attivi globali a data target. Questo approccio innovativo mira a fornire ai risparmiatori per la pensione opportunità di diversificazione migliorate attraverso l'accesso ai mercati privati.
Questo lancio rappresenta il secondo importante traguardo per le strategie di pensionamento di State Street nel 2025, dopo l'annuncio che IncomeWise™ e le relative strategie personalizzate a data target hanno accumulato oltre 20 miliardi di dollari in attivi impegnati.
State Street Global Advisors ha lanzado la State Street Target Retirement IndexPlus Strategy, una nueva solución de inversión que combina exposiciones a mercados públicos y privados para planes de contribución definida. La estrategia asigna el 90% a mercados públicos a través de estrategias de índice gestionadas por State Street y el 10% a mercados privados a través de inversiones agrupadas gestionadas por Apollo.
La estrategia será gestionada por el grupo Investment Solutions de State Street, que supervisa más de 200 mil millones de dólares en activos globales de fecha objetivo. Este enfoque innovador tiene como objetivo proporcionar a los ahorradores para la jubilación oportunidades de diversificación mejoradas a través del acceso a mercados privados.
Este lanzamiento representa el segundo hito importante para las estrategias de jubilación de State Street en 2025, tras el anuncio de que IncomeWise™ y las estrategias personalizadas relacionadas con fecha objetivo han acumulado más de 20 mil millones de dólares en activos comprometidos.
State Street Global Advisors는 State Street Target Retirement IndexPlus Strategy를 출시했습니다. 이는 공적 및 사적 시장 노출을 결합한 새로운 투자 솔루션으로, 확정 기여 계획을 위한 것입니다. 이 전략은 90%를 공적 시장에 배분하고 State Street가 관리하는 지수 전략을 통해 10%를 사적 시장에 배분하며, Apollo가 관리하는 집합 투자로 운영됩니다.
이 전략은 State Street의 Investment Solutions Group에 의해 관리되며, 이 그룹은 2000억 달러 이상의 글로벌 목표 날짜 자산을 감독합니다. 이 혁신적인 접근 방식은 퇴직 저축자들에게 사적 시장 접근을 통해 향상된 다각화 기회를 제공하는 것을 목표로 합니다.
이번 출시는 2025년 State Street의 퇴직 전략에 대한 두 번째 주요 이정표로, IncomeWise™와 관련 맞춤형 목표 날짜 전략이 200억 달러 이상의 약정 자산을 축적했다는 발표에 이어 이루어졌습니다.
State Street Global Advisors a lancé la State Street Target Retirement IndexPlus Strategy, une nouvelle solution d'investissement combinant des expositions aux marchés publics et privés pour les plans de contribution définie. La stratégie alloue 90% aux marchés publics via des stratégies d'index gérées par State Street et 10% aux marchés privés par le biais d'investissements groupés gérés par Apollo.
La stratégie sera gérée par le groupe Investment Solutions de State Street, qui supervise plus de 200 milliards de dollars d'actifs mondiaux à date cible. Cette approche innovante vise à offrir aux épargnants pour la retraite des opportunités de diversification améliorées grâce à un accès aux marchés privés.
Ce lancement représente le deuxième jalon majeur pour les stratégies de retraite de State Street en 2025, après l'annonce qu'IncomeWise™ et les stratégies personnalisées associées ont accumulé plus de 20 milliards de dollars d'actifs engagés.
State Street Global Advisors hat die State Street Target Retirement IndexPlus Strategy ins Leben gerufen, eine neue Investitionslösung, die öffentliche und private Marktanteile für Beitragspläne kombiniert. Die Strategie weist 90% den öffentlichen Märkten zu, die durch von State Street verwaltete Indexstrategien bereitgestellt werden, und 10% den privaten Märkten über von Apollo verwaltete Pool-Investitionen.
Die Strategie wird von der Investment Solutions Group von State Street verwaltet, die über 200 Milliarden Dollar an globalen Zielterminvermögen verfügt. Dieser innovative Ansatz zielt darauf ab, Rentensparern verbesserte Diversifizierungsmöglichkeiten durch den Zugang zu privaten Märkten zu bieten.
Dieser Launch stellt den zweiten wichtigen Meilenstein für die Rentenstrategien von State Street im Jahr 2025 dar, nachdem bekannt gegeben wurde, dass IncomeWise™ und verwandte maßgeschneiderte Zielterminstrategien über 20 Milliarden Dollar an zugesagten Vermögen angesammelt haben.
- Launch of innovative retirement product combining public and private market exposure
- Significant AUM of $200 billion in global target-date assets
- Strategic partnership with Apollo for private markets exposure
- Achievement of $20 billion in committed assets for IncomeWise platform
- None.
Insights
This product launch marks a significant innovation in the target-date fund space. The State Street Target Retirement IndexPlus Strategy creates a blend of public market index exposure (90%) with private markets access (10%), addressing a persistent gap in defined contribution plan offerings.
The 90/10 allocation strikes a thoughtful balance - providing enough private market exposure to enhance diversification benefits while maintaining sufficient liquidity for participant needs. This structure acknowledges the fundamental requirements of DC plans while pushing the innovation envelope.
State Street's partnership with Apollo is particularly noteworthy. Apollo brings specialized expertise in private markets, while State Street leverages its substantial $200 billion target-date asset base and index management capabilities. This complementary partnership creates a unique value proposition that differentiates from traditional target-date offerings.
The timing aligns with growing institutional interest in State Street's retirement solutions, evidenced by the $20 billion in committed assets to their IncomeWise™ platform. This suggests receptiveness to State Street's retirement innovations among plan sponsors.
For the retirement marketplace, this represents a meaningful step toward democratizing investment opportunities previously reserved for institutional investors, potentially setting a new standard for target-date fund construction.
State Street's launch of the Target Retirement IndexPlus Strategy represents a logical strategic extension of their existing retirement business. By incorporating private market exposure, State Street addresses competitive pressures in the increasingly commoditized target-date fund market where fee compression has been relentless.
This product positions State Street at the intersection of two significant trends: the continued growth of target-date strategies and increasing institutional interest in private market diversification. By structuring with a modest 10% private allocation, they've created an offering that balances innovation with practicality.
The Apollo partnership deserves attention as it demonstrates State Street's willingness to collaborate rather than build private markets capabilities internally - a capital-efficient approach. For a firm with $200+ billion in global target-date assets, even modest adoption could create meaningful scale.
The announcement of $20 billion in committed assets to IncomeWise™ indicates momentum in State Street's retirement solutions business. This Target Retirement IndexPlus Strategy complements their existing offerings by addressing a different segment of the retirement market.
While immediate financial impact will depend on adoption rates, this product addresses a clear market demand and leverages State Street's established strengths in index management and retirement solutions.
The State Street Target Retirement IndexPlus Strategy expands upon traditional target-date strategies by providing plan participants exposure to public markets through index strategies managed by State Street and exposure to a diversified portfolio of private markets investments via a pooled investment vehicle managed by Apollo (NYSE: APO). The Target Retirement IndexPlus Strategy will be managed by State Street Global Advisors’ Investment Solutions Group, which oversees more than
“State Street Global Advisors is focused on driving innovation and delivering solutions that meet the evolving needs of retirement investors,” said Brendan Curran, State Street Global Advisors Head of US Retirement. “By pairing our expertise and scale in target date strategies and index management with Apollo’s leadership in private market solutions, we are providing retirement savers with an innovative solution that delivers greater diversification and access to private markets exposures.”
“Investors are facing a greater need for diversification as they save for retirement, and Apollo is committed to helping develop solutions to meet that need,” said Steve Ulian, Apollo Managing Director, Defined Contribution and Retirement. “The private markets allocation within the State Street Target Retirement IndexPlus Strategy allows investors to gain immediate exposure to a broad portfolio of private market investments.”
Today’s announcement marks the second major milestone for State Street’s retirement strategies in 2025. Earlier this year, State Street announced that IncomeWise™ and related custom target-date strategies now have more than
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, we build from a breadth of index and active strategies to create cost-effective solutions. As pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US
*Pensions & Investments Research Center, as of 12/31/23.
†This figure is presented as of December 31, 2024 and includes ETF AUM of
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately
Disclosures
This material is for educational purposes only; no investment, financial or tax advice or recommendation is provided. It does not suggest taking or refraining from any course of action and should not be used as basis for making any investment decision. It is not designed to be a recommendation of any specific insurance or investment product or strategy and it should not be considered a solicitation to buy or an offer to sell any security or insurance product.
Investing involves risks including the risk of loss of principal.
The State Street Target Retirement IndexPlus Funds (“IndexPlus Funds”) are designed for investors expecting to retire around the year in each fund’s name. When selecting a target date fund or “vintage”, participants should consider if they anticipate retiring significantly earlier or later than age 65, even if such participants retire on or near a fund’s approximate target date. There may be other considerations relevant to fund selection and participants should select the fund that best meets their individual circumstances and investment goals.
The IndexPlus Funds’ asset allocation becomes increasingly conservative as they approach their target date and beyond, and the investment risks of the funds change over time as their asset allocation changes; however the allocation to private markets exposures does not vary across vintages or in the retirement fund. Once a target date fund reaches its target retirement date, it begins a five-year transition period to the retirement fund. Asset allocation does not guarantee a profit or protect against loss. An investment in the IndexPlus Funds is neither insured by the FDIC or any other governmental agency, nor guaranteed by SSGA or any of SSGA’s affiliates, including State Street Bank and Trust Company, or any other bank.
The IndexPlus Funds are bank-maintained collective investment trust maintained and managed by SSGA. State Street Global Advisors Trust Company is a limited purpose trust company established under the laws of the Commonwealth of
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
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State Street Global Advisors, 1 Iron Street,
www.ssga.com
All Rights Reserved.
Tracking code: 7823441.1.1.AM.RTL
Expiration date: 4/30/2026
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State Street Global Advisors
Michael Kingsley
914-522-5471
mkingsley@statestreet.com
Apollo
For investors please contact:
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Apollo Global Management, Inc.
212-822-0540
IR@apollo.com
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Source: State Street Corporation
FAQ
What is the asset allocation in State Street's new Target Retirement IndexPlus Strategy?
How much does State Street's Investment Solutions Group manage in target-date assets?
What milestone did State Street (STT) achieve with IncomeWise in 2025?
Who manages the private market component of STT's Target Retirement IndexPlus Strategy?
