View bridge with man walking
BLACKROCK ALTERNATIVE INVESTMENTS

Private markets for advisors

Seek new possibilities for your portfolios.


Product innovation within the past several years has allowed more investors the ability to allocate to solutions ranging from private equity to private credit.


Explore BlackRock's private market offerings.

Why private markets?

01

Growth isn’t slowing down

Private markets grew exponentially over the last 20 years and are expected to grow an additional ~47% by 2026.1

02

Access the full opportunity set

Private markets may complement your portfolio by potentially providing diversification and access to differentiated return drivers.2

03

Why BlackRock?

Experienced teams with 20+ year track records lead our private equity and direct lending platforms.3 Our differentiated deal sourcing combined with our expertise and global scale make BlackRock one of the industry leaders in private markets.

Advisors. The most successful ones know that to deliver the very best for their clients, they need to stay one step ahead. Or several.

They have to be agile… but consistent… while evolving to meet client demand today, and championing investment and business solutions that will attract the clients of tomorrow.

So you probably already know all about the opportunities and risks surrounding stocks and bonds…and feel that finding consistent returns and potential real yield is tougher than ever.

Volatility, inflation, geopolitical risk - all of it is putting the traditional 60/40 portfolio under pressure.

Which means advisors need to allocate differently to continue delivering for clients.

But what about private markets?

Over the last 30 years, private markets have become more and more essential to pay attention to.

As the number of publicly listed U.S. companies has shrunk, the number of private companies grew. A lot.

Private markets, like private equity and private credit, can help investors pursue higher returns and income over public stocks and bonds.

But …. many investors have been shut out of accessing private investments due to high minimums, suitability requirements, and high fees, but now, that’s changed.

Now… for accredited investors that can tolerate the risk…private markets are easier to access than ever before.

1099 tax reporting, low minimums, quarterly liquidity - these are just some of the features open to investors through accredited investment vehicles.

And best of all, with BlackRock you have a dedicated partner to navigate the world of private markets with.

Together we can help you build better portfolios and become an even more successful future-thinking advisor for your clients.

Find out more by signing into Advisor Center on BlackRock.com.

Private markets unleashed

Learn why private markets may be critical to your clients' long-term goals.

Private markets in your portfolios

Asset allocations with private markets

Consider our model allocations ranging from conservative to aggressive based on your clients’ starting portfolios. Evaluate clients’ allocations with private markets.
Icon performance
Conservative 20/80
This model aims to provide income through a higher allocation to fixed income and includes private credit investments.
blk access key
Moderate conservative 40/60
This model slightly increases the allocation to private markets while maintaining sizeable exposure to fixed income.
Icon diversification
Moderate 60/40
This model adds to equity allocations seeking potential growth alongside income.
Icon percentage
Moderate aggressive 80/20
Intended for investors with higher tolerance for risk, this model holds more equity investments.

How to use private markets in your portfolio

Learn about the opportunities and advantages of investing in private markets. Our guide details drivers of historical trends, investment strategies in today’s market, and how advisors can implement private markets in their practice.
Work from home man sitting with laptop

Explore target model allocation portfolios

Through active model management and risk mitigation, these models aim to provide a simpler way to build diversified portfolios and develops callable investment strategies for your clients. Learn more about our flagship suite of dynamically-managed model portfolios for investors across the full risk spectrum.
Icon Target

How to build an asset allocation with private markets

Interested in private market investing, but not sure where to start? Learn about the 3 key steps to consider when building a private markets asset allocation.
Icon Portfolio

Our potential solutions

Audio Player-1,Multi Column Teaser-2,Featured Article-1,Featured Article-2
Image Cta-5,Multi Column Teaser-3,Video Player-2,Navigation List-1

Private credit

podcast
podcast /
Episode description:

Credit portfolios are evolving. Consider incorporating private credit into your traditional fixed income allocation as access is democratized.

Listen to Jimmy Keenan, Head of Private Debt for BlackRock, unpack why private credit seems to be capturing investor attention.

See below for market insights, trends, and opportunities in private credit with up to date resources and more.

The private credit advantage

Icon carry
Opportunity
The opportunity in this space continues to grow as banks have pulled back in lending, non-bank lenders have stepped in to fill the void with private credit.4
Icon protect shield
Potential structural protections
Private credit uses privately negotiated terms and covenants. Our direct lending focuses on senior-secured loans, which are first to be repaid in the event of default.

Private equity

Private equity has historically provided strong performance and we believe that private equity investors may potentially capture opportunities rising in today's markets.5

 

Access market insights, trends, and opportunities in private equity with up to date resources and more.

Private equity chart

The private equity advantage

Icon direction
Access a growing opportunity set
The opportunity set in public markets is shrinking, while private companies play an increasingly prominent role in economic growth.6
Icon arrow
A long-term focus
A focus on multi-year strategic planning for potential operational improvement versus quarterly earnings reports may benefit investors without a high need for liquidity.
Icon urbanization
BlackRock edge
The scale of BlackRock’s $45B global private equity business means exceptional deal sourcing and selection.7

At BlackRock, we’re focused on expanding the range of alternative investments available to accredited investors. The BlackRock Private Investments Fund, BPIF, is designed to deliver access to a diversified, core portfolio of institutional private equity while removing some of the friction that’s long been associated with the asset class. 

Interest in private equity—particularly among individual investors—has been growing, due in part to an increasing awareness that private markets are quite large relative to public markets. It’s estimated that private companies make up 85% of the equity market while public equities only represent 15%. Additionally, over the last three decades, the number of public companies has shrunk more than 35% while the number of private companies has grown in excess of 40%. Very simply, if investors are not accessing private markets, they’re missing a large piece of the total market opportunity. We also believe that private equity investing can add returns not readily available in the public markets. Over long periods of time – including the last 10, 15 or 20 years – private equity has outperformed public equities– and with lower volatility, creating an attractive way to amplify and diversify traditional portfolio returns.

The challenge comes in terms of how investors can access private equity. Historically, it’s been an asset class reserved for institutional investors or “qualified purchasers” – only those who meet certain strict criteria. In addition to lack of access, the mechanics of investing in private equity through a traditional limited partnership can be cumbersome, with high minimums, complex fees, capital calls and long lockups. Built specifically for accredited investors, BPIF reduces these friction points and provides efficient access to institutional private equity. It operates as an evergreen, US registered fund, providing lower investment minimums and no performance fees. Always available via quarterly subscriptions, investments are fully funded up front with no capital calls, so investors can gain immediate exposure to diversified private equity and can add to their exposure over time. Modest liquidity can be achieved through quarterly tender offers beginning in 2023. Last but not least, it eliminates K1s, and has standard 1099 tax reporting. Overall, we believe BPIF provides accredited investors access to institutional private equity, while overcoming many of the historical hurdles for individual investors.

We started our broader institutional private equity business in 1999 with a simple value proposition based on three straightforward investing strategies: 1) making direct private equity investments in companies around the world; 2) making traditional and non-traditional secondary investments, and 3) committing capital to the best Private Equity managers globally. Our bread and butter historically—and the primary strategy behind BPIF—has been our direct investing activities where we’ve deployed approximately $12 billion to nearly 300 companies around the globe over the last 23 years. We’ve built our business over the last two decades into a leading institutional private equity platform, backed by the scale and resources of BlackRock, which has culminated in one of the longest track records in the industry.

We draw on our entire private equity platform with more than 50 dedicated private equity investment professionals in the US, Europe and Asia. We bring not only the teams' network of more than 450 private equity relationships and underwriting experience, but also the differentiated aspect of BlackRock as the world’s largest asset manager. Increasingly, companies, management teams and other investors come directly to us because of BlackRock’s reputation in the marketplace and their desire to include BlackRock in their capital structure. This combination has led to a wide and deep sourcing pipeline as we consistently see more than 200 transactions per quarter, and when combined with a 3%-5% selection rate, means we see a lot of opportunities but say yes to very few. Ultimately, BPIF leverages this entire platform to invest side by side with our institutional and qualified purchaser clients in the same investments, on the same terms, underwritten by the same team.

Fund’s investment program entails risk. There can be no assurance that the investment objective of the Fund will be achieved or that its investment program will be successful. A summary of certain risks associated with an investment in the Fund is set forth below and on the following pages. It is not complete, and you should read and consider carefully the more detailed description of the risks associated with an investment in the Fund described in the Fund’s Prospectus before purchasing Shares. Capitalized terms used but not defined herein have the meanings ascribed to them in the Prospectus.

Prospectus offer: Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. This and other information about the Fund can be found in the Fund’s current prospectus (the “Prospectus”), which can be obtained by contacting BlackRock at 800-882-0052. The Prospectus should be read carefully before investing. The Fund’s investment program entails risk. There can be no assurance that the investment objective of the Fund will be achieved or that its investment program will be successful. A summary of certain risks associated with an investment in the Fund is set forth below and on the following pages. It is not complete and you should read and consider carefully the more detailed description of the risks associated with an investment in the Fund described in the Fund’s Prospectus before purchasing Shares. Capitalized terms used but not defined herein have the meanings ascribed to them in the Prospectus

USWAH0722U/S-2283657

Explore BPIF

BlackRock Private Investments Fund (“BPIF”) provides accredited investors with access to institutional-caliber private equity investments in a registered fund structure. Look to amplify potential returns over public stocks in a fund powered by the scale and expertise of BlackRock’s private equity platform.

Private markets

Strategies and outlooks

With potential for growth in returns, private markets may play an important role in your clients’ portfolios.

Explore up to date insights, commentaries, and outlooks from BlackRock’s private market strategists.

2024 Private Markets Outlook

We discuss the past year for each asset class and explore where we believe each one is going in terms of specific opportunities, the current risks, and some of the shifts that make this a unique time for private markets investors.
Icon of binocular in orange yellow color

Test private markets alternatives in your portfolio

BlackRock’s Expected Return Analyzer helps you test client portfolios against forward-looking projections and looks to identify ways to narrow the gap between your clients’ goals and their current holdings.
Bridge over the river