BlackRock Announces Release of Fourth Quarter Commentary for BlackRock Innovation and Growth Trust (BIGZ)
BlackRock has released the quarterly fund commentary for BlackRock Innovation and Growth Trust (NYSE: BIGZ), a closed-end fund focused on small-cap, mid-cap, and private companies. Since inception in March 2021, BIGZ has made 25 private investments, representing 20% of total assets, with a commitment of approximately $744 million. The investments cover diverse sectors such as consumer discretionary and technology. Notably, investments involve risks, including potential loss of principal.
- Initiated 25 private investments since March 2021, comprising 20% of total assets.
- Total commitment of approximately $744 million demonstrates confidence in innovative sectors.
- Investments involve significant risk, including possible loss of principal.
BIGZ Fourth Quarter Commentary
Private Investment Update
-
Since inception in
March 2021 , the Trust has initiated positions in twenty-five private investments, comprising20% of total assets or a total commitment of approximately$744million
- Private investments in the portfolio currently span a diversified slate of sectors including consumer discretionary, consumer staples, financials, industrials, and technology; areas we feel are ripe with innovation.
1 These investments were selected to illustrate all of the private investments made in the Trust. The information above is not a prediction of future performance or any assurance that comparable investment opportunities will be available at the time of investment. It is non-representative of all underlying investments made by the investment team and it should not be assumed that investment team will invest in comparable investments, or that any future Investments made by investment team will be successful. To the extent that these investments prove to be profitable, it should not be assumed that the investment team’s other investments will be profitable or will be as profitable.
All investments involve risk, including the possible loss of the principal amount invested.
This document and the information contained herein relates solely to
Carefully consider the Trust’s investment objective, risk factors and charges and expenses before investing. This and other information can be found in the Trust’s prospectus which may be obtained by visiting the SEC Edgar database. Read the prospectus carefully before investing.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock
Availability of Fund Updates
BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or 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” or 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.
With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of the Funds with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220126005932/en/
1-800-882-0052
Source: BlackRock Closed-End Funds
FAQ
What is BlackRock Innovation and Growth Trust (BIGZ)?
How much has BlackRock committed to private investments in BIGZ?
What sectors does BIGZ's private investments cover?
When was BIGZ launched?
What are the risks associated with investing in BIGZ?
