It's 3 a.m. and Private Equity is Extending an Invitation to "The Big Club"

Private Equity Is Extending an Invitation to 'The Big Club'

Private Equity is ramping up efforts to get at the $12 trillion 401k sector.

It's 3 a.m. and Private Equity is Extending an Invitation to "The Big Club"

Illustration by Daniel MedinaI have worked in capital markets for three decades, and Wall Street has some unflattering names for the retail investor.Dumb Money.Racket News is supported by readers. Consider becoming a free or paid subscriber.Slow Moving Deer.Ray Charles Buyers (Because Ray was blind).In other words, such investors have been the Rodney Dangerfield of investment money. No respect.Still, the private equity industry has long dreamed …