BlackRock teams up with Partners Group
23 September 2024 US
Image: ifoto/stock.adobe.com
BlackRock has collaborated with Partners Group to launch a multi-private market models solution for retail investors.
The solution is said to collate private equity, private credit, and real assets into a single portfolio, which will be managed by both companies. This aims to enable ease of access to funds, enhance risk management, and offer a diversified alternatives portfolio to retail investors.
Wealth investors will also be able to select between three risk profiles to determine allocations to Partners Group and BlackRock funds, the companies say.
Mark Wiedman, head of BlackRock’s global client business, states: “We are simplifying how individual investors and advisors access private markets. With Partners Group, we are creating a single, managed account with unified portfolio construction and management.”
Partners Group's executive chairman, Steffen Meister, adds: “This separately managed account solution has the potential to revolutionise the wealth management industry, setting a new benchmark for institutional-quality programs that meet wealth investors’ private markets portfolio needs.”
The solution is said to collate private equity, private credit, and real assets into a single portfolio, which will be managed by both companies. This aims to enable ease of access to funds, enhance risk management, and offer a diversified alternatives portfolio to retail investors.
Wealth investors will also be able to select between three risk profiles to determine allocations to Partners Group and BlackRock funds, the companies say.
Mark Wiedman, head of BlackRock’s global client business, states: “We are simplifying how individual investors and advisors access private markets. With Partners Group, we are creating a single, managed account with unified portfolio construction and management.”
Partners Group's executive chairman, Steffen Meister, adds: “This separately managed account solution has the potential to revolutionise the wealth management industry, setting a new benchmark for institutional-quality programs that meet wealth investors’ private markets portfolio needs.”
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