Voya Investment Management launches new multi-manager alternative CITs

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Key Terms

collective investment trusts financial

Collective investment trusts are pooled investment funds run by banks or trust companies for workplace retirement plans and other qualified accounts; think of them like a shared shopping cart where many investors combine money to buy a mix of stocks or bonds. They matter to investors because they often charge lower fees and are designed for long-term retirement use, which can improve net returns and affect the cost, liquidity and transparency of retirement savings.

CITs financial

CITs (Collective Investment Trusts) are pooled investment funds run by banks or trust companies that combine money from multiple retirement plans or institutional investors to buy stocks, bonds and other assets. They work like a private mutual fund for institutions: by pooling assets they lower costs and simplify management, which can mean lower fees and different tax or regulatory treatment that investors and plan sponsors watch closely when choosing where retirement savings are held.

defined contribution financial

A defined contribution plan is a retirement savings arrangement where the amount put into an employee’s account is fixed by a formula or contribution schedule, but the final payout depends on how the invested money performs. Think of it as a personal savings pot that grows or shrinks with market returns; for investors, it matters because companies offering these plans have more predictable short-term costs but shift long-term retirement risk onto employees, affecting corporate liabilities, cash flow and workforce stability.

advisor managed accounts financial

An advisor managed account is an investment account where a professional financial advisor makes buying, selling and allocation decisions on behalf of an individual client, tailored to that client’s goals and risk tolerance. Like hiring a chef to prepare meals to your taste rather than cooking yourself, it matters to investors because it offers personalized oversight, potentially quicker responses to market changes, and clearer reporting, but typically comes with fees and requires trust in the advisor’s choices.

private credit financial

Private credit is a form of borrowing where companies or organizations obtain loans directly from private lenders rather than traditional banks or financial markets. It often involves customized financing arrangements that are not traded publicly, making it a way for businesses to access funding outside of standard channels. For investors, private credit offers the potential for higher returns, but typically comes with increased risk and less liquidity compared to more conventional investments.

private equity financial

Private equity involves investing money directly into private companies or buying out public companies to make them private, with the goal of improving their performance and increasing their value over time. For investors, it offers an opportunity to earn returns by helping companies grow or restructure, often requiring a longer-term commitment and a higher level of involvement than typical stock investments.

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06/02/2026 - 08:30 AM

NEW YORK--(BUSINESS WIRE)-- Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA) today announced the launch of its new multi manager series of collective investment trusts (“CITs”) designed for defined contribution (“DC”) retirement plans. V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity will initially be available through advisor managed accounts on Voya’s Retirement platform. Global Trust Company (GTC) is the Trustee for the V-ALT CITs. GTC is an independent, fiduciary-focused trust company and recognized leader in designing and implementing proprietary Collective Investment Trusts (CITs).

The new CITs bring together well-known managers within a single CIT structure, helping reduce manager concentration risk and return dispersion while at the same time combining scale, investment expertise and differentiated strategies that are largely unavailable in traditional public-only portfolios.

Voya Investment Management Co. LLC serves as non-discretionary investment adviser, advising on initial manager selection, portfolio design, and allocation recommendations. GTC serves as the Trustee and discretionary manager, retaining full authority over final investment decisions, implementation, and ongoing changes. This separation reinforces governance rigor and ensures fiduciary responsibilities are clearly defined and appropriately assigned.

“The Voya Alt CITs were designed to balance the potential for enhanced investment returns with the valuation transparency and other DC fiduciary needs," said Chris Wilson, head of Voya IM’s Product and Strategy team. “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.”

Voya’s investment team overseeing the underlying fund recommendations taps into the experience of both Voya’s Manager Research & Selection team as well as members of Voya’s Insurance Asset Management team who bring a long history of hiring alternative managers for Voya’s general account. Like other Voya multi-manager offerings, the team will provide investment and valuation oversight with the ability to recommend strategy and manager changes as market conditions evolve.

“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,” said Amy Vaillancourt, president, Voya Retirement. “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.”

GTC is not affiliated with the Voya family of companies

About Voya Investment Management

Voya Investment Management (IM) manages approximately $353 billion as of March 31, 2026, in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors. Drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals, Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding inclusion in its business.

About GTC

Global Trust Company (“Trustee”) is a wholly owned subsidiary of Northeast Retirement Services, LLC of Woburn, Massachusetts. The Trustee is organized as a Maine state-chartered non-depository trust company. The Trust, the Fund and the Trustee will operate in conformity with the rules and regulations of the State of Maine Bureau of Financial Institutions as they apply to collective investment of fiduciary funds.

Forward‑Looking Statements

This press release contains forward‑looking statements, including statements regarding the anticipated timing of product availability. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. There can be no assurance that the funds will become available as described or within the anticipated timeframe. Availability is subject to completion of final documentation, platform integration, trustee and other approvals.

Important Information

The CITs described herein are available only to eligible, qualified retirement plans and are not offered to the general public. Global Trust Company is the Trustee of the CIT’s and is a State of Maine chartered non-depository Trust Company. The CIT’s are bank‑maintained collective investment funds and are not mutual funds. Units of the CITs are not deposits or obligations of, or guaranteed by, any bank, are not insured by the FDIC, and involve risk, including possible loss of principal. Please refer to the fund documents for additional information.

Liquidity Risks. The CIT is not intended to be a trading vehicle. To meet daily liquidity needs, the CIT maintains a 15% liquidity buffer allocation to liquid public securities (e.g., high yield, investment-grade and public equity instruments). This serves as the primary source for daily pricing needs, participant flows and rebalancing.

VOYA-IM