# Private Markets in Defined Contribution Plans | EP.29

Page: https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863/private-markets-in-defined-contribution-plans-ep-29
Text version: https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863/private-markets-in-defined-contribution-plans-ep-29.md
Podcast: [Alternative Allocations with Tony Davidow](https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863)
Published: 2025-10-07T04:05:00+00:00
Episode link: https://907abc9d-4c7b-47a1-8cfc-11723daea7de.libsyn.com/episode-29-expanding-dc-plans-the-role-of-private-markets-with-guest-pat-arey-empower
Audio file: https://traffic.libsyn.com/secure/907abc9d-4c7b-47a1-8cfc-11723daea7de/AA_-_EP.29_Patrick_Arey_-_AUDIO_V1.mp3?dest-id=4090161
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/alternative-allocations-with-tony-davidow-6553863/episodes/private-markets-in-defined-contribution-plans-ep-29
Duration seconds: 1570

## Resource

In this episode of Alternative Allocations , Tony and Pat discuss the evolving landscape of Defined Contribution (DC) plans and the integration of private markets. They explore the historical context of DC plans, the challenges and opportunities presented by private market investments, and the critical role advisors play in guiding participants through these complex investment strategies. The conversation highlights Empower's innovative approaches and the potential for private markets to enhance retirement outcomes for millions of Americans. Pat Arey is a Custom Solutions Sales Director for Empower. In his role, he is responsible for communications, distribution, and sales related to Empower Investments offerings in the core market for the Northeast region. He collaborates closely with advisors, consultants, and registered investment advisers on complex issues surrounding investments, advice solutions, retirement plan design, and longevity for plans and their participants. Pat originally joined the organization in 2017, serving in leadership and individual contributor roles within investment distribution. Prior to that, he worked in similar roles with consultants and advisors at large asset managers, including State Street Global Advisors and Fidelity. Pat holds a bachelor's degree in finance with a minor in computer information systems from Stonehill College. He currently maintains FINRA Series 6 and 26 securities registrations and Series 63 and 65 state securities licenses, and he holds FINRA Series 3 and 7 credentials. Pat is also the co-author of a financial literacy and career development curriculum for youths and young adults designed to help develop more educated retirement savers into the future. Resources: Patrick Arey | LinkedIn Alternatives by Franklin Templ…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/alternative-allocations-with-tony-davidow-6553863/episodes/private-markets-in-defined-contribution-plans-ep-29/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/alternative-allocations-with-tony-davidow-6553863/private-markets-in-defined-contribution-plans-ep-29.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.