News # Private Markets’ Success in 401(k)s Will Hinge on Valuation Transparency As private markets move into 401(k) plans, expanding access is only part of the challenge. The industry must also ensure its valuation, data, and governance infrastructure can support greater scale, frequency, and scrutiny. In this article, Yann Magnan, CEO and Co-Founder of 73 Strings, explores the infrastructure gap facing private markets as they enter defined \[…\] ![Private Markets’ Success in 401(k)s Will Hinge on Valuation Transparency](https://cdn.sanity.io/images/0lkfsbau/production/f9c446601f1114bdf3385f6ddb7d13f47c5ed89a-1200x627.png?q=80&fit=max&auto=format&w=3840) Published 9 September 2026 Explore with ChatGPT - [Key takeaways](https://chatgpt.com/?hints=search&q=What%20are%20the%20key%20takeaways%20from%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Explain content](https://chatgpt.com/?hints=search&q=Explain%20the%20content%20of%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Create action plan](https://chatgpt.com/?hints=search&q=Create%20an%20action%20plan%20based%20on%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Other perspectives](https://chatgpt.com/?hints=search&q=What%20are%20other%20perspectives%20on%20the%20topics%20covered%20in%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) Claude - [Key takeaways](https://claude.ai/new?q=What%20are%20the%20key%20takeaways%20from%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Explain content](https://claude.ai/new?q=Explain%20the%20content%20of%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Create action plan](https://claude.ai/new?q=Create%20an%20action%20plan%20based%20on%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Other perspectives](https://claude.ai/new?q=What%20are%20other%20perspectives%20on%20the%20topics%20covered%20in%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) Perplexity - [Key takeaways](https://www.perplexity.ai/search?q=What%20are%20the%20key%20takeaways%20from%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Explain content](https://www.perplexity.ai/search?q=Explain%20the%20content%20of%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Create action plan](https://www.perplexity.ai/search?q=Create%20an%20action%20plan%20based%20on%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Other perspectives](https://www.perplexity.ai/search?q=What%20are%20other%20perspectives%20on%20the%20topics%20covered%20in%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) Copilot - [Key takeaways](https://copilot.microsoft.com/?q=What%20are%20the%20key%20takeaways%20from%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Explain content](https://copilot.microsoft.com/?q=Explain%20the%20content%20of%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Create action plan](https://copilot.microsoft.com/?q=Create%20an%20action%20plan%20based%20on%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) - [Other perspectives](https://copilot.microsoft.com/?q=What%20are%20other%20perspectives%20on%20the%20topics%20covered%20in%20https%3A%2F%2F73strings.bytogether.agency%2Fllm%2Finsights%2Fnews%2Fprivate-markets-success-in-401ks-will-hinge-on-valuation-transparency) As private markets move into 401(k) plans, expanding access is only part of the challenge. The industry must also ensure its valuation, data, and governance infrastructure can support greater scale, frequency, and scrutiny. In this article, **Yann Magnan, CEO and Co-Founder of 73 Strings**, explores the infrastructure gap facing private markets as they enter defined contribution plans, and why **scalability, auditability, and independent valuation governance** will be critical to building trust with fiduciaries, regulators, and retirement savers. Drawing on the U.S. Department of Labor’s proposed safe harbor framework, the article examines what plan sponsors and managers should demand as private market exposure expands, and why operational transparency needs to become a core part of the investment conversation. [**Read the full article →**](https://hubs.li/Q04x0yPV0)