BlackRock has launched an evergreen private markets platform for wealth investors in Europe.
Also accessible in the Middle East and APAC, the BlackRock platform is the industry’s first to provide wealth clients with evergreen multiple fund exposure to institutional-quality alternative investments under the new European Long-Term Investment Fund (ELTIF) 2.0 framework.
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Furthermore, investors into the platform will benefit from exposure to a collection of strategies leveraging the new ELTIF 2.0 wrapper across private equity, multi-alternatives, infrastructure, private debt and real estate.
The strategies will leverage the deep investment, technology and data expertise, broad market access and whole portfolio capabilities of BlackRock’s private markets franchise, with the initial two funds managed by BlackRock Private Equity Partners and BlackRock Alternative Portfolio Solutions.
Stephen Cohen, Chief Product Officer, BlackRock, commented: “Our goal is to revolutionize access to private markets for wealth clients. By launching this evergreen platform under the ELTIF 2.0 framework, we are breaking new ground in making institutional-quality alternatives accessible to a wider range of investors. This demonstrates our commitment to staying ahead of clients’ investment needs with innovative solutions.”
Fabio Osta, Head of the Alternatives Specialists Team in EMEA Wealth, BlackRock, added: “We are excited to make alternatives much more accessible to a wider range of investors through the launch of our evergreen private markets platform, expanding our range of ELTIFs under the new ELTIF 2.0 framework. Building on BlackRock’s extensive track-record of managing risk and investing across multiple evergreen funds, these launches underscore our ability to bring innovative, client-focused solutions to market. As the fastest-growing segment in asset management, we are well positioned to revolutionize private markets investing to help more people invest better and experience financial wellbeing.”
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