BlackRock is entering into a new relationship with Swiss-based private equity firm Partners Group to open up the world of private markets to wealthy investors. The plan aims to help BlackRock scale its exposure to private markets by creating a model portfolio, designed to enable wealth advisors to give HNW individuals exposure to multiple asset classes in a single offering. Investors will be able to select from three risk profiles across BlackRock’s private equity, private credit and systematic funds, and Partners Group’s private equity, growth equity and infrastructure funds. This is the latest powerhouse partnership as asset managers seek to broaden their private markets footprint by joining forces with leading GPs. State Street has also announced a partnership with Apollo to launch an exchange-traded fund and other products focused on private credit. As was noted during IPEM Paris 2024, the democratization of private markets represents a significant opportunity over the coming years. With BlackRock joining the party, the future looks bright for individual investors.
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