ALTERNATIVES

Long Term Private Capital (LTPC)

Why BlackRock for long term private capital?

Highly experienced team
Highly experienced team
Our LTPC strategy is led by a team of highly experienced private equity investors.
Long-term DNA
Long-term DNA
BlackRock is viewed as a trusted fiduciary partner with a long-term focus.
Sourcing and research strength
Sourcing and research strength
Our broad market reach and deep analytical capabilities help us find and assess investments.
No internal competition
No internal competition
The LTPC strategy is our sole strategy for executing direct private equity investments.
Designed with clients in mind
Designed with clients in mind
We seek to deliver highly efficient exposure to high-quality companies, with investors benefiting from economies of scale.
Transparency and alignment
Transparency and alignment
Our budget-based management fee structure facilitates alignment and transparency between the general partner and limited partners.

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Learn more about LTPC at BlackRock

Market opportunity

  • Equity markets have seen a dramatic secular shift away from public ownership, with the number of public companies in the U.S. decreasing by almost 50% since 1997, according to data from the U.S. Census Bureau.
  • Private markets have concurrently expanded, but the private equity model has not evolved, retaining its high-fee, exit-oriented structure and short-term investment horizon.
  • A large and growing population of strong, stable companies seeks truly long-term partners to facilitate value creation over time.
  • Investors need an investment structure better aligned with their long-term goals.

 

Positioned at the intersection of converging industry trends

Market Opportunity

Investment strategy

Targeting private equity returns with lower volatility

  • Asset selection. Seek best-in-class companies, outstanding management teams.
  • Value creation. Active ownership that leverages LTPC and BlackRock resources.
  • Prudent leverageAim to mitigate volatility and preserve optionality.
  • Duration.  Long hold periods that mitigate friction; evergreen structure facilitates compounded returns.
  • Economic efficiency. Highly efficient cost structure and incentive compensation designed with limited partners in mind.

Because of the long-term nature of its investments, the LTPC strategy places an emphasis on Environmental, Social & Governance (ESG) factors as part of its due diligence and value creation.

The LTPC strategy is designed to deliver a better, more aligned and cost-efficient model for private equity investing in best-in-class companies.

Investment portfolio

We look to partner with high quality businesses in North America and Western Europe that have strong fundamental characteristics and multiple levers to deliver sustained growth over a long-term horizon.

Authentic Brands Group (ABG)

Authentic Brands Group is a global brand development, marketing and entertainment company, which owns a portfolio of over 50 iconic fashion, lifestyle, sports, media and entertainment brands. ABG elevates and builds the long-term value of its portfolio by partnering with best-in-class manufacturers, wholesalers and retailers. It creates and activates original marketing strategies to drive the success of its brands across all consumer touch points, platforms and emerging media. 

Authentic Brands Group (ABG)

Investment Date: 2019
Sector: Consumer
Headquarters: United States
Status: Current

Meet our team
André Bourbonnais
Managing Director, Global Head of Long Term Private Capital
André Bourbonnais brings 30+ years of private market transaction and management experience.
Read biography
Colm Lanigan
Managing Director, Long Term Private Capital Senior Investment Team
Colm Lanigan, Managing Director, is a senior member of the Long Term Private Capital Investment Team. Colm brings significant private equity and investment ...
Read biography
Erik Levy
Managing Director, Long Term Private Capital Senior Investment Team
Erik Levy, Managing Director is a senior member of the Long Term Private Capital Investment Team. Erik brings significant private equity investing, board directorship and ...
Read biography
Dag Skattum
Managing Director,
EMEA Head of Long Term Private Capital
Dag Skattum, Managing Director, is the head of Long Term Private Capital’s London office. Dag brings over 30 years of experience across private equity and strategic ...
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Philipp Haid
Director, Long Term Private Capital Investment Team
Philipp Haid, Director, is a member of the Long Term Private Capital investment team, based in London. Philipp brings nearly 10 years of experience in private equity, ...
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John Overbay
Director, Long Term Private Capital Investment Team
John Overbay, Director, is a member of the Long Term Private Capital investment team, based in New York. John brings nearly 20 years of experience across private equity, ...
Read biography

Capital Allocators podcast: Interview with André Bourbonnais

Sep 4, 2019

New horizons for private equity
Long-term vehicles have the potential to fill a gap in the equity investment toolkit and take their place alongside public equities and buyouts.
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New horizons for private equity