BlackRock Launches Evergreen Private Markets Platform for Europe, ME, Asia HNW

BlackRock launched an industry-first evergreen platform under the new European Long-term Investment Fund (ELTIF) 2.0 framework to allow wealthy investors in Europe, the Middle East and Asia Pacific with access to private markets investments.

The asset management giant launched the platform with an initial set of funds comprising the BlackRock Private Equity Partners-managed BlackRock Private Equity Fund and the BlackRock Alternative Portfolio Solutions-managed Multi-Alternative Growth Fund. It said the platform paves the way for investors to gain access to a collection of strategies utilizing the ELTIF 2.0 wrapper across private equity, multi-alternatives, infrastructure, private debt, and real estate.

With the new offerings, BlackRock expects to expand on the approximately €1.4B (~$1.47B) it already manages through four existing ELTIF funds. Under the new ELTIF 2.0 regulation, each of the open-ended funds offer liquidity at periodic intervals and maintain a 20% liquidity sleeve.

Written By: Dakota

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BlackRock Launches Evergreen Private Markets Platform for Europe, ME, Asia HNW

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