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BPIF

BlackRock Private Investments Fund

Invest alongside institutions and seek to amplify return potential over public markets with access to private equity investments.
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BlackRock Private Investments Fund (BPIF)

BPIF is designed for accredited investors to access a diverse, core portfolio of institutional-caliber private equity in a registered fund structure.

Learn about our private equity fund and how to introduce BPIF into your portfolios.

$12.15
NAV per share1
$313.3
million AUM2

Why BPIF?

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Access private markets
A core portfolio of institutional private equity investments including direct investments and secondaries.
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Easy to implement
Low investment minimums, 1099 tax reporting and no capital calls reduce friction associated with traditional private funds.
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BlackRock Edge
The scale of BlackRock's 53.7B4 global private equity business means exceptional deal sourcing and selection.

Historically strong asset class performance5

For investors with a long-term focus and without a high need for liquidity, private equity has historically provided strong returns.
chart shows private equity returns

For illustrative purposes only. Past performance is not a guarantee or a reliable indicator of future results. Indexes are unmanaged, and one cannot invest directly in an index. Source: Burgiss. Private Equity represented by the Burgiss Private Equity Manager Universe for the period 9/30/2004 to 6/30/2024. Burgiss data reflects quarterly time weighted returns. Burgiss data is sourced from limited partners of these private funds and calculates results net of fees and carried interest, providing results that are updated and published on a quarterly basis. It is not possible to invest directly in an unmanaged index. Private market data often relies on self-reporting by managers. Therefore, there may be survivorship bias given that fund managers have discretion to report, or to discontinue reporting for various reasons (e.g. due to liquidation), and therefore private market data may reflect a bias towards funds with track records of success. This information is furnished to you with the express understanding that it does not constitute: (i) an offer, solicitation or recommendation to invest in a particular investment in any jurisdiction; (ii) a means by which any such investment may be offered or sold; or (iii) advice or an expression of BlackRock’s view as to whether a particular investment is appropriate for you and meets your financial objectives. Past performance does not guarantee or indicate future results.

The Burgiss Private Equity Manager Universe (BMU), Private equity represented by the Burgiss Private Equity Manager Universe (BMU) which contains 7,606private equity funds (vintages 1978-2023) as of June 2023 with 6/30/23 performance data (most recent performance data available). All vintages were included. All private equity sub-strategies in the BMU were included e.g., Equity Generalist, Equity Venture Capital Generalist, Equity Venture Capital Late Stage, Equity Expansion Capital, Equity Buyout, Equity Venture Capital Early Stage and Unknown as well as Equity Unknown. The BMU reflects quarterly time-weighted returns. The BMU is sourced from quarterly unaudited and annual audited financial statements that private investment fund managers produce for their fund investors. Therefore, there may be survivorship bias given that fund managers have discretion to report, or to discontinue reporting for various reasons (e.g. due to liquidation) and therefore may reflect a bias towards funds with track records of success. To protect the confidentiality of individual funds and their underlying portfolio investments, the published benchmark statistics reports contain only aggregate information. Therefore, the BMU is not transparent and cannot be independently verified given that it does not identify the funds included by name. Private investments in the BMU are typically illiquid. Additionally, any updates to historical data to this data universe, which can include adding a fund and its performance history to the database (“backfills”) and/or updating past information for an existing fund due to late-arriving, updated, or refined information, would be reflected when that group is published for the next performance. The Burgiss Private I Universe Analytics tool recalculates the data each time a new fund is added, therefore the historical performance of the data is not fixed, cannot be replicated, and will differ over time from the data presented in this communication.

It’s more important than ever to invest in private equity

The opportunity set in public markets is shrinking, while private markets play an increasingly prominent role in economic growth.
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Statistics of U.S. Businesses, The World Bank World Federation of Exchanges database as of December 2022. Represents the latest data available through 2019. Past performance is no guarantee of future performance

A better alternative for private equity

BPIF leverages the scale and reputation of the BlackRock private equity platform to invest side by side with our institutional clients in private equity investments, on the same terms, underwritten by the same team.
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Differentiated deal flow
BPIF leverages BlackRock’s network of 450+ general partners combined with BlackRock’s access and reputation as a global asset manager.6
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See a lot, select a few
A highly disciplined selection process underpinned by rigorous investment due diligence leads to a low 3-5% historical selection rate.7
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A one-stop PE solution
A global private equity strategy investing in directs and secondaries within a single potential solution managed by the same team as our institutional funds.

Say hello to your dedicated and experienced team

BlackRock Private Equity Partners (PEP) leverages BlackRock’s scale and our deep private equity underwriting expertise to maximize the opportunity set for investors.

 Lynn Baranski
Managing Director, Portfolio Manager
John Seeg
Managing Director, Portfolio Manager
Arslan Mian
Managing Director, Portfolio Manager