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A Superior Collective Investment Trust Onboarding Experience.
A Superior Collective Investment Trust Onboarding Experience.
Collaboration adds private markets due diligence, portfolio construction, and advisor and plan sponsor education capabilities for purpose-built retirement plan solutions.
Great Gray Trust Company, a leading provider of collective investment trusts (CITs) and retirement solutions has selected iCapital, the global fintech company shaping the future of investing, as its preferred partner for private markets manager evaluation, due diligence, and portfolio construction. Through this collaborative relationship, Great Gray and iCapital aim to develop purpose-built private markets solutions for defined contribution plans, helping plan sponsors and advisors expand diversification opportunities and support long-term participant outcomes within professionally managed retirement solutions.
“The conversation has evolved from whether alternative investments should play a role in retirement plans to how they can be implemented responsibly to deliver greater investment choice, improved diversification, and simplified adoption within retirement portfolios,” said Rob Barnett, President and Chief Executive Officer of Great Gray Group. “We selected iCapital because of its extensive private markets expertise, market-leading technology, and a commitment to education for plan sponsors and advisors.”
Together, we are focused on developing innovative solutions that can help retirement investors access a broader opportunity set while supporting the governance and fiduciary standards required by defined contribution plans.
Great Gray and iCapital will work together to develop a suite of asset-class-specific CITs across private equity, private credit, and private real assets, giving retirement plan sponsors greater flexibility to incorporate private markets into professionally managed portfolios. The private markets capabilities embedded within these CITs will support manager selection, portfolio construction, liquidity management, and ongoing oversight.
Great Gray will establish the CITs, serve as their trustee, maintain ultimate fiduciary authority over their investments, and oversee their servicing. Great Gray will bring its fiduciary, CIT and retirement plan expertise as well as its institutional investment, operational and distribution infrastructure to the relationship. This extends Great Gray’s flexPATH capabilities, a best-of-breed, multi-manager, specialized glidepath framework that currently represents more than $130 billion in assets as of June 30, 2026. iCapital will provide private markets due diligence, manager evaluation, portfolio construction, and investment lifecycle management capabilities, including recommendations to Great Gray regarding the selection of underlying private markets managers, allocation design, liquidity management, and education for plan sponsors and advisors. Together, the firms aim to help retirement plan providers and advisors incorporate private markets exposure through well-regulated CIT fund structures that are designed with governance, fiduciary oversight, and long-term diversification in mind.
Read more about Great Gray’s partnership with iCapital in PLANADVISER.
For media inquiries, please contact: media@greatgray.com
Great Gray Trust Company, LLC Collective Investment Funds (“Great Gray Funds”) are bank collective investment funds; they are not mutual funds. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.
Investments in the Great Gray Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The Great Gray Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Great Gray Funds.
Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing. The Additional Fund Information and Principal Risk Definitions (PRD) contains this and other information about a Collective Investment Trust Fund and is available at www.greatgray.com/cit-fund-info/principal-risk-definitions/ or ask for a free copy by contacting Great Gray Trust Company, LLC at (866) 427-6885.
Great Gray® and Great Gray Trust Company are service marks used in connection with various fiduciary and non-fiduciary services offered by Great Gray Trust Company, LLC.