What role can private markets play in defined contribution plans—and how are new investment structures making them more accessible? In this episode of NAGDCA Conversations, Matt Petersen talks with Steve Ulian, Managing Director at Apollo, about how recent innovations are helping public sector DC plans tap into the potential of private equity, real assets, and private credit.

Steve explains why now is the right time to consider these investments, how they’ve become “DC-ready,” and what fiduciaries should know about liquidity, structure, and risk management.


2025 Annual Conference LogoDon’t miss Steve live at the 2025 Annual Conference!

He’ll be speaking in the session Private Assets in Public DC Plans: Opportunity, Risk, and Real-World Perspectives on Tuesday, September 30.

Join us in San Diego for a deeper dive into how public plans are evaluating and implementing these strategies.