By Ken Burdon, Jonathan Gaines and Neesa Sood ( December 2, 2025, 5:41 PM EST) -- Interval funds — closed-end registered investment companies that make periodic repurchase offers under Rule 23c-3 of the Investment Company Act — have existed for more than three decades, but only recently have they moved from the periphery of the asset management world to the center of the conversation about retail access to private markets. Following President Donald Trump's Aug. 7 executive order regarding the incorporation of alternative assets into 401(k) plans and target date strategies, they are now squarely within the broader conversation about 401(k) retirement plan diversification....