Private Markets

XPIDX

BlackRock Private Investments Fund

Overview

Investment Approach

BlackRock Private Investments Fund (BPIF) is designed to deliver a diverse, core portfolio of institutional private equity in an evergreen, registered fund structure.
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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

This fund does not have any distributions.

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Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains Return of Capital LT Cap Gains
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



  1y 3y 5y 10y Incept.
Total Return (%) 12.08 5.15 - - 4.80
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 2.23 0.88 2.23 12.08 16.26 - - 15.56
  2019 2020 2021 2022 2023
Total Return (%) - - - 0.40 11.37

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets -
Managed Assets -
Share Class launch date Mar 01, 2021
Exchange -
Asset Class Private Markets
Shares Outstanding -
Distribution Frequency Annual
Morningstar Category Global Small/Mid Stock
Lipper Classification -
CUSIP 09260N303
Number of Holdings -

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate as of - -
Average Market Cap (Millions) as of - -
Type of Options -
% Overwritten as of - -
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -
Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the sourcing, initial screening and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks associated with any specific investment opportunity. Where appropriate, identified ESG risks are highlighted in the Investment Committee materials and discussed at the relevant Investment Committee meetings. The Fund manager also includes environmental, social and governance considerations during post-investment monitoring as part of its periodic portfolio reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of the performance of the asset as well as portfolio exposure to material environmental, social and governance risks, where appropriate.

Fees

Fees

as of current prospectus
Gross Expense Ratio 4.59%
Management Fee -
Interest Expense 0.00%
Other Expenses 1.51%
Acquired Fund Fees and Expenses 1.08%
on managed assets
Acquired Fund Fees and Expenses -
Interest Expenses -
Management Fee 1.75%
Other Expenses -
Gross Expense -

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Holdings

Holdings

Sorry, top holdings are not available at this time.
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

Sorry, countries/regions are not available at this time.
Sorry, countries/regions are not available at this time.
Sorry, sectors are not available at this time.
Sorry, currency data is not available at this time.
Sorry, market cap data is not available at this time.
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Stephen J. Kelly
Stephen J. Kelly
Managing Director

Stephen J. Kelly, Managing Director, is a senior Portfolio Manager and Head of the BlackRock Private Investments Fund (BPIF) within BlackRock Private Equity Partners (PEP).

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Stephen J. Kelly, Managing Director, is a senior Portfolio Manager and Head of the BlackRock Private Investments Fund (BPIF) within BlackRock Private Equity Partners (PEP). BPIF is a '40 Act registered investment fund designed to provide Accredited Investors with access to private equity with lower minimums, defined liquidity, and tax-friendly reporting. BPIF is the first registered fund to combine PEP's global private equity platform with BlackRock's differentiated sourcing capabilities, brand, and Aladdin suite of tools and represents one of many products and solutions bringing alternative investments to retail investors globally.

 

Mr. Kelly has more than 31 years of private equity investment and related experience. Mr. Kelly's service with the firm dates to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a founder and principal of the Private Equity Partners business responsible for leading the team's investments in private equity funds, directs and secondaries with a focus on venture capital, technology, and growth buyouts. Since joining BlackRock, Mr. Kelly has served in a number of leadership roles within PEP including Global Head of Business Operations, and is currently a member of PEP's Investment, Executive, Valuation and Allocation Committees. Prior to joining Merrill Lynch in 1999, Mr. Kelly spent ten years as a management and technology consultant with Booz, Allen & Hamilton where he led numerous information technology strategy, design, and implementation initiatives. Mr. Kelly's clients included Fortune 500 companies and major agencies of the federal government including the Defense Advanced Research Projects Agency (DARPA) where he served as Program Manager for several highly-classified technology development efforts.

Mr. Kelly earned a BS degree in engineering from the University of Dayton, an MS degree in engineering from the University of Maryland and an MBA from the Amos Tuck School of Business at Dartmouth College.

Lynn Baranski
Lynn Baranski
Managing Director

Managing Director, is the Global Head of Investments for BlackRock Private Equity Partners (PEP) within BlackRock Alternative Investors (BAI).

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Lynn Baranski, Managing Director, is the Global Head of Investments for BlackRock Private Equity Partners (PEP) within BlackRock Alternative Investors (BAI). She is a member of the BAI Exco and PEP's Management Committee, Investment Committee, and Valuation Committee.

Ms. Baranski's service with the firm dates back to 1997, including her years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Before joining PEP in 2001, she worked for four years as a high yield portfolio manager and research analyst in the fixed income division. She joined MLIM from Bank of America Securities, Inc. (formerly NationsBank), where she was a member of the Financial Sponsor Advisory group. In this position, she advised clients on optimal capital structures for leveraged-buyouts and reviewed several private equity fund commitments on behalf of the bank.

Ms. Baranski currently serves on the advisory boards of certain funds managed by Certares LLC, Black Diamond, Tailwind Capital Partners, 1315 Capital and Z Capital Partners. Additionally, she is on the Board of Directors of Juweel Holdings, Travel Leaders Group and Guardian Alarm and is an observer to the Board of Directors of American Express GBT. She previously participated on the boards of TowerCo, Canbriam Energy, and Evenflo.

Ms. Baranski earned a BA degree in history and art history from Wake Forest University and an MBA degree in finance from Vanderbilt University.

Jeff Cucunato
Jeff Cucunato
Managing Director

Jeff Cucunato is the lead portfolio manager for the Multi-Strategy Credit platform within BlackRock's Global Credit group.

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Jeff Cucunato is the lead portfolio manager for the Multi-Strategy Credit platform within BlackRock's Global Credit group. Mr. Cucunato is responsible for managing portfolios that allocate to opportunities across the global credit markets. He also chairs the credit platform's Investment Strategy Group, which focuses on evaluating investment opportunities across global investment grade, high yield, bank loans and illiquid credit.

 
Previously, Mr. Cucunato was Head of Investment Grade Credit where he lead the firm's U.S. fundamental investment grade credit effort for over 10 years and spent 15 years as the lead portfolio manager for BlackRock's investment grade credit and long duration portfolios. He began his investment career in 1997 focusing on interest rate products, including management of BlackRock's inflation-linked bond portfolios. Mr. Cucunato joined BlackRock in 1995 as an analyst in the Institutional Client Business group, working with international clients and alternative investments. 
 
Mr. Cucunato earned a BA degree, cum laude, in history from Dartmouth College in 1995.

James Keenan
James Keenan
Managing Director, Chief Investment Officer and Global Head of Private Debt for BlackRock; Chairman and interim Chief Executive Officer of the BlackRock Capital Investment Corporation

James E. Keenan, CFA, Managing Director, is Chief Investment Officer and Global Head of Credit for BlackRock Alternatives and Chairman and interim Chief Executive Officer of the BlackRock Capital Investment Corporation.

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James E. Keenan, CFA, Managing Director, is Chief Investment Officer and Global Head of Private Debt for BlackRock, and Chairman and interim Chief Executive Officer of the BlackRock Capital Investment Corporation.

 

Mr. Keenan leads BlackRock's Private Debt platform that includes infrastructure, real estate debt and private credit ranging from direct lending to opportunistic & distressed strategies. He oversees both business and investment strategy across the platform including investment committees, investment processes, risk management & performance.

 

Over nearly 20 years with BlackRock, Mr. Keenan has been instrumental in expanding investment solutions for clients across leveraged finance, private credit, and liquid and multi-alternative strategies. Prior to his current role Mr. Keenan was the CIO and Global Head of Credit for BlackRock Alternatives. He previously built and led the firm’s public market credit and leveraged finance business and has been a named portfolio manager across a range of liquid, private, hedge funds and multi-strategy credit funds since 2004.

 

Mr. Keenan is a member of BlackRock's Global Operating Committee, Portfolio Management Group Executive Committee, and the investment subcommittee of the firm’s Global Executive Committee. He serves on the Investment Committee for BlackRock’s Private Equity Partners, Long-Term Private Capital, and Alternative Solutions Group alongside all of the Private Debt strategies.

 

Mr. Keenan began his career in credit research and trading with UBS Global Asset Management and Columbia Management Group. He earned a BBA in finance from the University of Notre Dame in 1998. He is a member of Notre Dame's Wall Street Committee, its Athletic Advisory Council, and the Board of Directors of Good Shepherd Services, a service and advocacy partnership in New York City.

John Seeg
John Seeg
Portfolio Manager

Literature

Literature

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