BlackRock and Partners Group establish strategic partnership to transform retail wealth access to private markets
Source: EQS
BlackRock (NYSE: BLK) and The strategic partnership combines BlackRock’s experienced alternatives team, operational expertise, and whole portfolio capabilities powered by Aladdin technology with Partners Group’s long track record of innovation in bringing private markets to the wealth market, leveraging its extensive investment platform and portfolio management capabilities. "We are simplifying how individual investors and advisors access private markets," said The solution will enable ease of access through a single subscription document versus requiring subscription documents for each underlying fund. It will feature robust operating procedures and risk management, including model rebalancing and comprehensive private markets asset allocation. Retail wealth investors will choose from three risk profiles to determine allocations to "This separately managed account solution has the potential to revolutionize the wealth management industry, setting a new benchmark for institutional-quality programs that meet wealth investors’ private markets portfolio needs," said Retail wealth investors are leading the adoption of private markets as they seek portfolios offering exposure to the companies and assets they cannot access via public markets and therefore the potential for uncorrelated returns. These investors allocated Overall, BlackRock sees significant growth opportunity in US private wealth and is actively positioning the firm to become an integral, whole portfolio partner to advisors in an increasingly complex market. BlackRock’s US Wealth Advisory business is a key growth-driver for the firm, generating a quarter of BlackRock’s revenues in 2023. To learn more about the opportunity in private markets, read Forward-Looking Statements This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” and similar expressions. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. About About BlackRock Shareholder relations contact, Media relations contact, Media relations contact, BlackRock
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Language: | English |
Company: | |
Zugerstrasse 57 | |
6341 Baar | |
Phone: | +41 41 784 60 00 |
Fax: | + 41 41 784 60 01 |
E-mail: | partnersgroup@partnersgroup.com |
Internet: | https://www.partnersgroup.com/en/ |
ISIN: | CH0024608827 |
Valor: | 2460882 |
Listed: | |
EQS News ID: | 1986367 |
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1986367 12.09.2024 CET/CEST