Key insights
- AllianceBernstein, Brookfield, and Carlyle are collaborating to offer a private markets investment solution for defined contribution retirement plans. This initiative could increase the allocation of capital to private markets, potentially benefiting these firms. The impact on US equities is mildly positive as it signals increased investment activity and diversification within retirement portfolios.
NASHVILLE, Tenn. and NEW YORK - AllianceBernstein Holding L.P. (NYSE:AB), Brookfield Asset Management (NYSE:BAM), and Carlyle (NASDAQ:CG) announced today a collaboration to provide a private markets investment solution for defined contribution retirement plans.
The product, called ABC [ONE], is designed to work alongside existing target-date funds or managed-account solutions in DC plans. It will provide exposure to private credit, private real assets, and private equity, with allocations adjusted based on a participant’s age and retirement timeline.
AllianceBernstein will manage the overall allocation to the three private market components and handle the private credit portion. Brookfield will manage private real assets, while Carlyle will manage the private equity component. AB has $105 billion in assets under management in custom target-date solutions as of the first quarter of 2026.
The solution is intended for implementation as part of a DC plan’s Qualified Default Investment Alternative. ABC [ONE] will use AllianceBernstein’s proprietary DC technology platform for customization and operational integration with recordkeepers.
"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, according to a press release statement.
AllianceBernstein had $881 billion in total assets under management as of April 30, 2026. The firm trades at a P/E ratio of 11.92 with a market cap of $3.56 billion and offers an attractive dividend yield of 8.72%. According to InvestingPro analysis, AB appears undervalued relative to its Fair Value, placing it among opportunities on the most undervalued stocks list. An InvestingPro tip highlights that the company has maintained dividend payments for 39 consecutive years—a track record that aligns well with its focus on retirement solutions. Brookfield manages over $1 trillion in assets across various alternative investment categories. Carlyle reported $475 billion in assets under management as of March 31, 2026.
AllianceBernstein is a subsidiary of Equitable Holdings, Inc., which holds an approximate 68% economic interest in the firm.
In other recent news, AllianceBernstein Holding LP reported its first-quarter 2026 earnings, showcasing a mixed financial performance. The company disclosed earnings per share (EPS) of $0.83, which fell slightly short of the projected $0.84, resulting in a 1.19% negative surprise. On a more positive note, AllianceBernstein’s revenue significantly surpassed expectations, reaching $1.2 billion compared to the anticipated $896.56 million, marking a 33.84% positive surprise. These results reflect the company’s ability to generate higher-than-expected revenue despite the minor shortfall in EPS. The earnings announcement did not include any major mergers or acquisitions. Analysts have not made any recent upgrades or downgrades in response to these earnings. These developments provide investors with a clearer picture of AllianceBernstein’s financial standing as of the first quarter of 2026.
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