BlackRock Private Investments Fund

BlackRock Private Equity Fund

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 diverse, core portfolio of global private equity investments, while removing some of the friction that’s long been associated with the asset class.

The opportunity: case for PE and advantages of BPIF structure (2 minutes)

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 more than 85% of the investible equity market, while public equities represent less than 15% [SUBSTANTIATION ON SCREEN ] [MULTI-MEDIA TEXT ]. 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% [SUBSTANTIATION ON SCREEN ]. Simply put, if investors are not accessing private markets, they may be missing a large piece of the total market opportunity [PROSPECTUS ON SCREEN ].

DISCLOSURE AT END OF VIDEO ].

Historically, it’s been an asset class reserved for institutional investors or “qualified purchasers” – only those who meet certain net worth criteria. The mechanics of investing in private equity through a traditional limited partnership can be cumbersome with high minimums, complex fees, and long lockups. Built specifically for accredited investors, BPIF provides access to BlackRock’s institutional private equity investments with lower minimums and no performance fees. Subscriptions can be made monthly and are fully funded at the time of investment, so investors can gain exposure to private equity without the need for capital calls [SUBSTANTIATION ON SCREEN]. Overall, we believe BPIF provides accredited investors access to differentiated sources of potential capital, combined with operational ease and investment transparency. 

Prospectus offer and risk statement (voiceover):

Carefully consider BPIF’s investment objective, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus and, if available, the summary prospectus. which may be obtained by visiting the SEC Edgar database. Read the prospectus and, if available, the summary prospectus, carefully before investing. BPIF’s investment program entails risk. Past performance does not guarantee or indicate future results. Investing involves risk including possible loss of principal. There can be no assurance that the investment objective of BPIF 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 in the video’s end disclosures. It is not complete, and you should read and consider carefully the more detailed description of the risks associated with an investment in BPIF 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. 

BlackRock’s Private Equity Platform

BlackRock 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. We’ve built our business over the last two decades into a leading institutional private equity platform, with $48 billion in AUM [MULTI-MEDIA TEXT], backed by the scale and resources of BlackRock [SUBSTANTIATION ON SCREEN].

What makes us different?

Often, individual companies, management teams and other investors come to us directly because of BlackRock’s reputation in the marketplace as well as our private equity team’s expertise. With more than 60 dedicated private equity investment professionals in the US, Europe and Asia, we combine our teams' 25 years of underwriting experience and network of more than 450 private equity relationships with the comprehensive capabilities of BlackRock [SUBSTANTIATION ON SCREEN]. This combination has led to a robust sourcing pipeline that consistently generates more than 200 transactions per quarter, from which we underwrite and select only a few. Our typical selection rate over the past two decades averages between 3% and 5%. [SUBSTANTIATION ON SCREEN]. Importantly, BPIF leverages BlackRock’s private global equity platform to invest side by side with our institutional and qualified purchaser clients in the same investments, sourced and underwritten by the same team, on the same terms and conditions.

Prospectus offer and risk statement (voiceover):

Carefully consider BPIF’s investment objective, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus and, if available, the summary prospectus. which may be obtained by visiting the SEC Edgar database. Read the prospectus and, if available, the summary prospectus, carefully before investing. BPIF’s investment program entails risk. Past performance does not guarantee or indicate future results. Investing involves risk including possible loss of principal. There can be no assurance that the investment objective of BPIF 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 in the video’s end disclosures. It is not complete, and you should read and consider carefully the more detailed description of the risks associated with an investment in BPIF 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.