Voya Investment Management has announced the launch of two new multi-manager collective investment trusts designed for defined contribution retirement plans: V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity. The CITs will initially be available through advisor managed accounts on Voya’s Retirement platform, with Global Trust Company serving as Trustee. The launch brings together well-known alternative managers within a single CIT structure, helping reduce manager concentration risk and return dispersion while combining scale, investment expertise, and differentiated strategies largely unavailable in traditional public-only portfolios.
The governance structure of the V-ALT CITs is designed to reinforce fiduciary clarity and oversight. Voya Investment Management Co. LLC serves as non-discretionary investment adviser, advising on initial manager selection, portfolio design, and allocation recommendations, while GTC serves as Trustee and discretionary manager, retaining full authority over final investment decisions, implementation, and ongoing changes. This separation of advisory and discretionary responsibilities is intended to ensure fiduciary obligations are clearly defined and appropriately assigned within the defined contribution framework.
The investment team overseeing underlying fund recommendations draws on both Voya’s Manager Research and Selection team and members of Voya’s Insurance Asset Management team, who bring a long history of hiring alternative managers for Voya’s general account. The team will provide investment and valuation oversight with the ability to recommend strategy and manager changes as market conditions evolve. Voya Investment Management manages approximately $353 billion in assets as of March 31, 2026, across public and private fixed income, equities, multi-asset solutions, and alternative strategies, drawing on more than 50 years of active investing and the expertise of more than 300 investment professionals.
KEY QUOTES:
“The Voya Alt CITs were designed to balance the potential for enhanced investment returns with the valuation transparency and other DC fiduciary needs. As a result of our multi-manager approach and governance structure, our CITs are designed to potentially deliver more consistent outcomes for defined contribution investors.”
Chris Wilson, Head of Product and Strategy, Voya Investment Management
“When it comes to introducing investments like private credit, private equity and other alternatives into DC plans, we believe that professionally managed investment products, such as advisor managed accounts or a CIT or registered fund structures represent an appropriate starting point. Rather than place the burden on individual participants or a plan sponsor to decide if, when, or how much to allocate to less liquid investments, these decisions are made within a framework designed to balance opportunity with prudent risk management.”
Amy Vaillancourt, President, Voya Retirement
