1210-AC38 comment 0907 Private Equity Stakeholder Project 05262026

Summary: The Private Equity Stakeholder Project (PESP), a non-profit financial watchdog, opposes the proposal because it would limit the ability of retirement savers to sue plan sponsors for choosing risky alternative investments like private equity. They argue that private equity underperforms compared to public stocks, carries high fees, and presents significant liquidity risks for retail investors.