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Welcome to the BlackRock site for financial intermediaries
Before you proceed, please take a moment to review and accept the Terms and Conditions below.
Financial Intermediaries
On this website, Financial Intermediaries are investors that qualify as both a Professional Client and a Qualified Investor.
A person who can both be classified as a professional client under the Markets in Financial Instruments Directive II (2014/65/EU, “MiFID”), as implemented in Finland, and a qualified investor under the Prospectus Regulation (EU) 2017/1129) will generally need to meet one or more of the following requirements:
(1) it is required to be authorised or regulated to operate in the financial markets. The following list includes all authorised entities carrying out the characteristic activities of the entities mentioned, whether authorised by an EEA State or a third country and whether or not authorised by reference to a directive:
(a) a credit institution;
(b) an investment firm;
(c) a stock exchange;
(d) an insurance company;
(e) a collective investment scheme or the management company of such a scheme;
(f) a pension insurance company, a pension foundation or a pension fund;
(g) a central securities depository or central counterparty;
(h) a commodity or commodity derivatives dealer;
(i) a local;
(j) any other institutional investor;
(2) it is a large undertaking that meets two of the following tests: (i) a balance sheet total of EUR 20,000,000; (ii) an annual net turnover of EUR 40,000,000; or (iii) own funds of EUR 2,000,000;
(3) it is a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECB, the EIB) or another similar international organization;
(4) a institutional investor whose main activity is to invest in financial instruments, including an entity dedicated to the securitisation of assets or other financing transactions;
(5) a natural person resident in an EEA State that permits the authorisation of natural persons as professional clients and qualified investors, who expressly asks to be treated as a professional client and a qualified investor and who meets at least two of the following criteria: (i) he/she has carried out transactions, in significant size, on securities markets at an average frequency of, at least, 10 per quarter over the previous four quarters before the application, (ii) the size of his/her financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500,000, (iii) he/she works or has worked for at least one year in the financial sector in a professional position which requires knowledge of securities investment.
Please note that the above summary is provided for information purposes only. If you are uncertain as to whether you can both be classified as a professional client under MiFID and classed as a qualified investor under the Prospectus Regulation then you should seek independent advice.
Terms and conditions
Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
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By confirming that you have read this important information, you also:
(i) Agree that such information will apply to any subsequent access to the Individual Investors (or Institutions / Intermediaries) section of this website by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein; and
(ii) Warrant that no other person will access the Individual investors section of this website from the same computer and logon as you are currently using.
The offshore funds described in the following pages are administered and managed by companies within the BlackRock Group and can be marketed in certain jurisdictions only. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Further information is available in the Prospectus or other constitutional document for each fund.
This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.
The funds described have not been, nor will they be, qualified for distribution to the public in Canada as no prospectus for these funds has been filed with any securities commission or regulatory authority in Canada or any province or territory thereof. This website is not, and under no circumstances is to be construed, as an advertisement or any other step in furtherance of a public offering of shares in Canada. No person resident in Canada for the purposes of the Income Tax Act (Canada) may purchase or accept a transfer of shares in the funds described unless he or she is eligible to do so under applicable Canadian or provincial laws.
Applications to invest in any fund referred to on this site, must only be made on the basis of the offer document relating to the specific investment (e.g. prospectus, simplified prospectus, key investor information document or other applicable terms and conditions).
As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus or other constitutional document.
If you are unsure about the meaning of any information provided please consult your financial or other professional adviser.
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The information contained on this site is published in good faith but no representation or warranty, express or implied, is made by BlackRock (Netherlands) B.V. (“BNBV”) or by any person as to its accuracy or completeness and it should not be relied on as such. BNBV shall have no liability for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential. No information on this site constitutes investment, tax, legal or any other advice.
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Risk Warnings
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides summary information. Investment should be made on the basis of the relevant Prospectus which is available from the manager.
For your protection, telephone calls and/or other electronic communications which result in, or are intended to result in, transactions will be recorded or saved.
Investors should read the offering documents for further details including the risk factors before making an investment.
Please note that while some of the BlackRock funds are "ring-fenced", others form part of a single company and are not. For BlackRock funds that do not have segregated liability status, in the event of a single BlackRock fund being unable to meet liabilities attributable to that BlackRock fund out of the assets attributable to it, the excess may be met out of the assets attributable to the other BlackRock funds within the same company. We refer you to the Prospectus or other relevant terms and conditions of each BlackRock fund for further information in this regard.
The views expressed herein do not necessarily reflect the views of BlackRock as a whole or any part thereof, nor do they constitute investment or any other advice.
Any research found on these pages has been procured and may have been acted on by BlackRock for its own purposes.
This site is operated and issued by BNBV which is authorised and regulated by the Autoriteit Financiële Markten («AFM»). You can gain access to the AFM website from the following link: www.afm.nl. BlackRock (Netherlands) B.V. is a company registered in the Netherlands, No. 17068311. Registered Office: Amstelplein 1, 1096 HA, Amsterdam. BlackRock is a trading name of BlackRock (Netherlands) B.V. VAT No 007883250. General enquiries about this website should be sent to EMEAwebmaster@blackrock.com. This email address should not be used for any enquiries relating to investments.
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PRIVATE MARKETS
Unlocking private markets for wealth investors
Investors are increasingly looking for ways to access private markets, drawn by the potential for enhanced returns and diversification. The ELTIF wrapper enables investment in long-term equity and debt.
BlackRock has six ELTIF funds, of which two are available as open-ended strategies focused on private equity and multi-alternatives.
BlackRock has six ELTIF funds, of which two are available as open-ended strategies focused on private equity and multi-alternatives.
Source: BlackRock as of 31st August 2025
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Accessing private markets with ELTIF
The European Long-Term Investment Fund (ELTIF) is an investment wrapper that allows private market funds to be marketed across the EU with a single passport. The latest update, ELTIF 2.0, offers lower minimum investments and periodic liquidity, as well as additional use cases for wealth managers spanning discretionary, digital, and advisory portfolio management.
Key Takeaways
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01
Breaking down barriers to entry
ELTIF is the only wrapper that allows scaled adoption of institutional-quality private market investments to be accessible to both professional and non-professional investors in Europe.
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02
Flexible liquidity
Under the ELTIF 2.0 banner, ELTIFs can now be managed as evergreen, open-ended strategies, allowing for more dynamic portfolio construction and flexible liquidity terms.
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03
Commercial enabler
ELTIF 2.0 expands the portfolio implementation toolkit and broadens the investment opportunity set available to wealth managers across several distribution channels including advisory, digital and discretionary portfolio management.
Why BlackRock for ELTIF?
Access to BlackRock’s extensive deal flow
Investors in BlackRock ELTIFs can access our institutional-quality private assets, sourced through our robust sourcing pipeline. Our deals are diverse across strategies, sectors and general partners.
Immediate private markets exposure
Investors get immediate exposure to private market assets through an evergreen strategy, allowing for consistent allocation to private markets over time with regular subscriptions and redemptions.
BlackRock’s liquidity management expertise
~20% of our open-ended ELTIFs will be invested in liquid assets like cash, public equities and bonds. This will be managed through our proprietary model, with the aim of minimizing cash drag.
Our ELTIF range
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BlackRock Private Equity Fund
The BlackRock Private Equity Fund (BPE) is an innovative, evergreen solution, providing investors with immediate exposure to BlackRock’s private equity investments and deal flow, that are diversified across sectors, strategies, and geographies globally.
The Fund’s strategy is managed by BlackRock Private Equity Partners (PEP), with over 25 years of experience1 in private equity investing across direct co-investments, primaries, and secondaries.
Why Private Equity?
Private equity investors can access a wider range of companies, with 88% of global firms earning over USD$100 million annually being private.2 Moreover, historically, private equity has outperformed public markets3 due to active management, flexible capital deployment, and unique investment opportunities. For example, opportunities in growth sectors such as healthcare, technology, media and communication.
BPE provides access to BlackRock’s global and diversely sourced private equity deals that are filtered by BlackRock’s disciplined deal selection and due diligence process.
- Co-investment deals sourced across GP, BlackRock, Separate account GP, and management team relationships.
- Out of nearly 10,000 opportunities reviewed, only ~4%4 passed our investment selection process and were approved and closed.
Illustrative strategy
1 BlackRock, as of 31st December 2024.
2 Capital IQ, BlackRock as of 30 September 2024.
3 BlackRock, May 2025. Data from March 2019 to September 2024. Private Equity Investments are represented by the Preqin Index.
4 Period from 1 January 2000 to 31 December 2024. Actual number of investment opportunities may vary. Data excludes legacy SRPEP investment opportunities reviewed prior to the closing of BlackRock’s acquisition of SRPEP on 4 September 2012. Count of invested deals reflects unique number of direct co-investments made by PEP & excludes follow-ons.
*Subject to share class
The index performance shown on this slide is not comparable to the Fund and is not representative of the performance that the Fund will achieve and is not a reliable indicator of the returns that any investor will receive. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. indexes are unmanaged and one cannot invest directly in an index. Diversification and asset allocation may not fully protect you from market risk.
BlackRock Multi Alternatives Growth Fund
BlackRock’s flagship Multi Alternatives Fund (MAG) has the flexibility to invest across the full breadth of private markets to deliver capital growth over the long term.
Why Multi-Alternatives?
Each asset class in private markets behaves differently in changing market environments. By investing in a blend of them and leveraging diverse strategies and implementation methods, we aim to reduce complexity and build greater resilience into a single portfolio. The fund provides exposure to BlackRock's mega forces - the major structural changes transforming our world like Digital Disruption and Artificial Intelligence, Energy Transition, and the Future of Finance.
With 750+5 externally invested managers, we have vast connections to sourcing across regions, asset classes and industries.
Illustrative strategy
BlackRock, July 2025. For illustrative purposes only.
5 BlackRock, as of 30 June 2025, unless otherwise specified.
6 Redemptions may be temporarily suspended subject to extenuating circumstances specified in the prospectus.
BlackRock closed-ended ELTIFs
BlackRock has also successfully launched several closed-ended ELTIFs, demonstrating our expertise across private markets.
Portfolio deal examples
Project Iris7
Sector: Telecommunications & Financial Services
Strategy: Secondaries
Geography: Europe
Investment highlights include:
1. Leading commercial satellite communications provider servicing diverse clients spanning maritime, energy, enterprise, and government.
2. Prominent independent financial advisor in France, having expanded through strategic acquisitions and organic growth.
3. Robust growth profiles and executable value creation strategies.
Project Opella7
Closing date: 2025
Sector: Healthcare
Sponsor: Clayton, Dubilier & Rice
Strategy: Buyout
Geography: Global
Investment highlights include:
1. Leading global over-the-counter pharmaceutical business with well-established brands.
2. Differentiation from competitors through a science backed product approach.
3. Localised marketing.
7BlackRock, June 2025. Case studies are for illustrative purposes only; they are not meant as a guarantee of any future results or experience and should not be interpreted as advice or a recommendation.
These materials do not constitute an offer to sell, or a solicitation of an offer to sell, securities in any jurisdiction or to any person. Prospective investors should read the full final offering documentation before investing. Subsequent investments will only be valid if made on this basis.
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