Sources: BlackRock, as of 1 January 2025. For illustrative purposes only. BlackRock Investment Institute with data from Morningstar, Thomson Reuters, Pitchbook. 31 December 2022. Notes: The chart shows the distribution of historical returns net of fees for Fixed Income, Equity (Large Cap Equities), and Hedge Funds from 1 January 2007 – 31 December 2022. Fixed Income and Large Cap Equities funds are represented by U.S.-domiciled funds tracked by Morningstar, Hedge Funds by the Thomson Reuters Lipper TASS global universe. Private Equity, Real Estate, Infrastructure (Real Assets) and Private Credit (Private Debt) represented by Pitchbook’s Global Fund Performance Report as of 31 December 2022. Private Equity, Real Estate, Infrastructure (Real Assets) and Private Credit (Private Debt) distribution of historical returns are net of fees from 1 January 2004 -31 December 2022. Chart is for illustrative purposes only and does not represent the actual performance of any BlackRock portfolio. This is not a recommendation to invest in any particular financial product. Indices are unmanaged and one cannot invest directly in an index. Forecasts are not guaranteed and subject to change. The figures relate to past performance. There is no guarantee that any forecasts made will come to pass. CAGR represents compound annual growth rate. Past performance is not indicative of current or future results.
Why Alternative Portfolio Solutions?
The APS team specializes in constructing and managing portfolios that allocate capital across the spectrum of alternative assets. APS partners with both internal specialist investment teams and an extensive network of external general partners, offering an array of total return and outcome-oriented solutions to meet the needs of institutional and wealth clients globally.
Portfolio construction and research
Flexible implementation
Unconstrained Investments
Proprietary analytics and risk management
Key factors influencing a successful alternatives program
As traditional private market 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.
How APS can deliver value for investors
Multi-alternative commingled funds
Whole alternatives portfolio solutions
Custom outcome solutions
Portfolio diagnostics and knowledge sharing
We combine data-driven insights to implement relative value views across market cycles with the reach and expertise of the world’s largest asset manager.
Vidy VairavamurthyChief Investment Officer, Alternative Portfolio Solutions (APS)
Whole portfolio approach across alternative assets
Overlap and risk considerationsHelp avoid unintended overlap of underlying risk factors
Dynamic asset allocationEnables dynamic asset allocation adjustments as markets change
Governance and reportingProvides cohesive governance and reporting for a seamless experience
Cost efficientSingle touch point to effectively implement and scale an alternatives investment program
