Alternatives

Alternatives are essential

As allocations grow, alternative investments play an increasingly critical role in portfolios. The need for an approach that is scalable, disciplined, integrated, technology-enabled, transparent and based on fiduciary partnership has never been greater.

Championing a new era of alternatives

Growing demand and complexity in private markets calls for a new era of alternatives to overcome long-standing hurdles for investors. We are helping to evolve the industry to overcome those challenges and defining a new kind of partnership for our clients.

The New Infrastructure Blueprint

We explore the major structural forces driving what’s poised to be a transformational moment in infrastructure investing. And we dive into the various ways capital can invest in the opportunities that we’re seeing today as well as the ones we’re expecting, and how investors can incorporate the asset class into their portfolios.
The New Infrastructure Blueprint

Partnerships in action

BlackRock partners with companies that possess deep local operational knowledge to unlock private market investment opportunities in Asia Pacific.

Celia Yan, Head of APAC Private Credit, BlackRock
Joydeep Chakraborty, Chief Strategy and Investment Officer, Traveloka

Celia: Traveloka’s proven track record, combined with the opportunities brought by travel and tourism have made this an interesting investment for our clients. Leveraging BlackRock’s industry expertise, we are helping to create value as Traveloka pursues its next phase of growth.

Celia: Hi, JD. It's great to have you here. Could you tell us a little bit more about Traveloka and the firm's vision and how the company was founded?

Joydeep: The company was founded back in 2012. Today, after 12 years, (Traveloka) is a leading online travel business across Southeast Asia. Be it flights, car rentals, hotels, attractions and activities, as well as a lot of enablement products like financial services, including pay later.

Celia: How did you manage to navigate the pandemic period? And how did we support you?

Joydeep: Covid came unannounced. We didn’t really have a lot of time to react. We had to get all hands on deck. We started reviewing every product, every business, every market. All the users we had acquired over the years, how do you keep them when they’re not transacting on travel? So, our founder rallied the company to create engagement products like games, live streaming, even food delivery. And we came out of it with a relatively decent mindshare of our users. That’s when we started looking for growth capital again. And that’s where you and your team came across as exactly the right kind of partners we were looking for. I think that whole experience of how you brought a group of other like-minded investors together with you, who all have now become important partners for us. The collateral benefit of that continues to help us. For example, when we talk to banks or when we talk to the more traditional capital providers, their perception of us has changed quite a bit because of the halo effect we got from our relation with you. BlackRock was at the forefront of creating the formal private credit market in this part of the world. Do you feel there’s enough depth or opportunities also in APAC overall?

Celia: APAC is such a diverse region right. We have developed economies like in Australia and New Zealand. But as we continue to grow and evolve, the key growth engine across the region is really the emerging countries. When there’s growth, there’s need of capital for expansion, but the capital market is not consistent. We always want to be there to identify the companies where founders, management teams are like-minded. We can be there for the companies to support the growth at good times and at bad times. We want to focus on performing (credit). We want to focus on support of the growth. That’s why, you know, we’ve been proactive in looking for opportunities across the region and looking for companies like Traveloka to support along the way.

Joydeep: So is this a constant education process or is it deal by deal?

Celia: We view every transaction as a starting point to build a long-term partnership. We’re not very transaction focused. But really how to build a long-term relationship that we can be there to support the long-term growth of each of our potential portfolio companies that we call partners.

Celia Yan, Head of APAC Private Credit, BlackRock
Joydeep Chakraborty, Chief Strategy and Investment Officer, Traveloka

Celia: Traveloka’s proven track record, combined with the opportunities brought by travel and tourism have made this an interesting investment for our clients. Leveraging BlackRock’s industry expertise, we are helping to create value as Traveloka pursues its next phase of growth.

Celia: Hi, JD. It's great to have you here. Could you tell us a little bit more about Traveloka and the firm's vision and how the company was founded?

Joydeep: The company was founded back in 2012. Today, after 12 years, (Traveloka) is a leading online travel business across Southeast Asia. Be it flights, car rentals, hotels, attractions and activities, as well as a lot of enablement products like financial services, including pay later.

Celia: How did you manage to navigate the pandemic period? And how did we support you?

Joydeep: Covid came unannounced. We didn’t really have a lot of time to react. We had to get all hands on deck. We started reviewing every product, every business, every market. All the users we had acquired over the years, how do you keep them when they’re not transacting on travel? So, our founder rallied the company to create engagement products like games, live streaming, even food delivery. And we came out of it with a relatively decent mindshare of our users. That’s when we started looking for growth capital again. And that’s where you and your team came across as exactly the right kind of partners we were looking for. I think that whole experience of how you brought a group of other like-minded investors together with you, who all have now become important partners for us. The collateral benefit of that continues to help us. For example, when we talk to banks or when we talk to the more traditional capital providers, their perception of us has changed quite a bit because of the halo effect we got from our relation with you. BlackRock was at the forefront of creating the formal private credit market in this part of the world. Do you feel there’s enough depth or opportunities also in APAC overall?

Celia: APAC is such a diverse region right. We have developed economies like in Australia and New Zealand. But as we continue to grow and evolve, the key growth engine across the region is really the emerging countries. When there’s growth, there’s need of capital for expansion, but the capital market is not consistent. We always want to be there to identify the companies where founders, management teams are like-minded. We can be there for the companies to support the growth at good times and at bad times. We want to focus on performing (credit). We want to focus on support of the growth. That’s why, you know, we’ve been proactive in looking for opportunities across the region and looking for companies like Traveloka to support along the way.

Joydeep: So is this a constant education process or is it deal by deal?

Celia: We view every transaction as a starting point to build a long-term partnership. We’re not very transaction focused. But really how to build a long-term relationship that we can be there to support the long-term growth of each of our potential portfolio companies that we call partners.

BlackRock is tomorrow’s alternatives platform

Our US$327.5B platform is designed to deliver outperformance with true partnership across a range of investment solutions in: real estate, infrastructure, private equity, credit, hedge funds and alternative solutions. We continue to innovate, leveraging our technology, our scale and our fiduciary model to better serve our clients.
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Access to the best opportunities
Our alternative investors supplement their networks and know-how with best-in-class ideas from BlackRock’s other 5,000-plus investors around the world.
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Greater transparency
We use advanced technology to help build stronger portfolios – we track 100,000 unique companies and 50,000 unique properties on eFront.
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An integrated view
We provide you with a whole portfolio view so you have a deeper understanding of how alternatives impact the rest of your portfolio.

Alternative investment strategies

Private Debt
Discover leveraged finance, multi-strategy and credit solutions

Opportunities include: direct lending, opportunistic, special situations, distressed

Hedge Funds
Solutions across equity, event driven, relative value global macro and risk

Opportunities include: long/short equity, event driven, relative value, global macro, risk premia, hedge fund solutions

Infrastructure
Learn about BlackRock's infrastructure platform

Opportunity include: infrastructure equity, infrastructure debt, infrastructure solutions, listed infrastructure

Multi-Alternatives
Meet BlackRock’s multi-alternative portfolio management team

Opportunities include: diversified alternatives, alternatives solutions

Private Equity
Explore direct, co-investment, primary and secondary private equity

Opportunities include: direct co-investments, primaries, secondaries, open-end direct, direct

Real Estate
Learn about BlackRock's real estate platform

Opportunity include: real estate debt, real estate equity, real estate securities

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