Growing and compelling opportunity set
As traditional private markets strategies have matured and institutionalized, average deal sizes have grown meaningfully. At the same time, the diversity and complexity of the overall private opportunity landscape has increased dramatically. We seek opportunities in growing and less efficient areas of capital markets.
BlackRock, as of 1 July 2025. Underlying data sourced from Preqin, as of 11 June 2025. For illustrative purposes only.
*Emerging assets include: Digital Infrastructure, Insurance, Blockchain, Trade Finance, Sports, Other Intellectual Property, Litigation Finance, Healthcare Royalties, Music Royalties, Film & Media, Art.
Why Direct Private Opportunities?
BlackRock Direct Private Opportunities invests opportunistically across private markets to build portfolios of uncorrelated investments. DPO employs a flexible investment approach, sourcing idiosyncratic opportunities that exhibit low beta to public equity and debt markets.
Access to differentiated investments
Capture differentiated return sources from areas with lower competition.
Portfolio diversification
Access private assets that are complementary to core alternatives.
Structuring expertise
Structuring expertise to mitigate investment risks on a deal-by-deal basis through various features.
Flexible strategy
Investing dynamically across asset classes allows access to wider opportunity set.
DPO thought leadership
Creative Capital: Private Investments in Media & Entertainment
Unlocking the enduring power of entertainment IP and how iconic content can be turned into resilient private market opportunities.
DPO in the spotlight
Podcast:
The evolution of private markets in modern portfolios
In this podcast, Paul Braude, CIO of DPO, and Vidy Vairavamurthy, CIO of APS, dive into the current themes driving private market opportunities, how they identify and evaluate emerging trends, and how private market investments can complement public market exposures.
News:
DPO’s competitive advantages
DPO seeks to deliver strong risk-adjusted performance that is uncorrelated to public markets and complementary to “core” alternative holdings through various investment themes (e.g., sports & entertainment, business & consumer finance, nature capital, insurance & risk management, disrupted sectors, etc.)
DPO can provide additional diversification to core private exposures
Variation across risk factors
While “core” alternatives are driven primarily by major economic risk factors, a portfolio of emerging assets can be diversifying and complementary.
Low beta to public markets
Emerging assets can offer returns with low correlation to public markets, relative to traditional asset classes.
