BlackRock and Partners Group Establish Strategic Partnership to Transform Retail Wealth Access to Private Markets
BlackRock (NYSE: BLK) and Partners Group (SIX: PGHN) have announced a strategic partnership to launch a first-of-its-kind multi-private markets model portfolio solution for retail wealth investors. This innovative offering will provide access to private equity, private credit, and real assets in a single portfolio, managed jointly by both firms. The solution aims to simplify and streamline how individual investors and advisors access private markets, addressing the growing demand for alternative investments in the retail wealth sector.
Key features include:
- A single subscription document for ease of access
- Robust operating procedures and risk management
- Three risk profiles for investors to choose from
- Combination of BlackRock and Partners Group funds
This partnership positions both firms to capitalize on the accelerating growth in private markets and managed models, with retail wealth investors expected to increase their allocations to private markets from $2.3T in 2020 to $5.1T by 2025.
BlackRock (NYSE: BLK) e Partners Group (SIX: PGHN) hanno annunciato una partnership strategica per lanciare una soluzione di portafoglio modello multi-mercati privati unica nel suo genere per gli investitori al dettaglio. Questa offerta innovativa fornirà accesso a private equity, credito privato e beni reali in un unico portafoglio, gestito congiuntamente da entrambe le aziende. La soluzione punta a semplificare e ottimizzare il modo in cui gli investitori individuali e i consulenti accedono ai mercati privati, rispondendo alla crescente domanda di investimenti alternativi nel settore della ricchezza al dettaglio.
Le caratteristiche principali includono:
- Un unico documento di sottoscrizione per facilitare l'accesso
- Procedure operative robuste e gestione dei rischi
- Tre profili di rischio tra cui scegliere per gli investitori
- Combinazione dei fondi di BlackRock e Partners Group
Questa partnership posiziona entrambe le aziende per capitalizzare la crescita accelerata nei mercati privati e nei modelli gestiti, con gli investitori al dettaglio che si prevede aumenteranno le loro allocazioni ai mercati privati da 2,3 trilioni di dollari nel 2020 a 5,1 trilioni di dollari entro il 2025.
BlackRock (NYSE: BLK) y Partners Group (SIX: PGHN) han anunciado una asociación estratégica para lanzar una solución de cartera modelo multi-mercados privados única en su tipo para inversores minoristas. Esta oferta innovadora proporcionará acceso a capital privado, crédito privado y activos reales en una única cartera, gestionada conjuntamente por ambas firmas. La solución tiene como objetivo simplificar y optimizar la forma en que los inversores individuales y sus asesores acceden a los mercados privados, abordando la creciente demanda de inversiones alternativas en el sector minorista.
Las características clave incluyen:
- Un único documento de suscripción para facilitar el acceso
- Robustos procedimientos operativos y gestión de riesgos
- Tres perfiles de riesgo para que los inversores elijan
- Combinación de fondos de BlackRock y Partners Group
Esta asociación posiciona a ambas empresas para capitalizar el crecimiento acelerado en los mercados privados y modelos gestionados, con la expectativa de que los inversores minoristas aumenten sus asignaciones a los mercados privados de 2.3 billones de dólares en 2020 a 5.1 billones de dólares para 2025.
블랙록 (NYSE: BLK)과 파트너스 그룹 (SIX: PGHN)은 소매 자산 투자자를 위한 유일무이한 다수의 민간 시장 모델 포트폴리오 솔루션을 출시하기 위해 전략적 파트너십을 발표했습니다. 이 혁신적인 제공은 사모펀드, 사모채, 실물 자산에 대한 접근을 하나의 포트폴리오에서 제공합니다. 두 회사가 공동으로 관리하는 이 솔루션은 개인 투자자와 상담자가 민간 시장에 접근하는 방식을 간소화하고 원활하게 하여, 소매 자산 부문에서 대체 투자에 대한 수요 증가에 대응하는 것을 목표로 합니다.
주요 특징은 다음과 같습니다:
- 접근의 용이성을 위한 단일 구독 문서
- 강력한 운영 절차 및 위험 관리
- 투자자가 선택할 수 있는 세 가지 위험 프로필
- 블랙록과 파트너스 그룹의 펀드 조합
이번 파트너십은 두 회사가 민간 시장과 관리 모델의 성장을 가속화하여, 소매 자산 투자자가 2020년 2.3조 달러에서 2025년 5.1조 달러로 민간 시장에 대한 할당을 증가시킬 것으로 예상되는 상황에서 유리한 입장을 차지할 수 있도록 합니다.
BlackRock (NYSE: BLK) et Partners Group (SIX: PGHN) ont annoncé un partenariat stratégique pour lancer une solution de portefeuille modèle multi-marchés privés unique en son genre pour les investisseurs de détail. Cette offre innovante permettra d'accéder à capital-investissement, crédit privé et actifs réels dans un seul portefeuille, géré conjointement par les deux entreprises. La solution vise à simplifier et optimiser la manière dont les investisseurs individuels et les conseillers accèdent aux marchés privés, répondant à la demande croissante d'investissements alternatifs dans le secteur de la richesse de détail.
Les principales caractéristiques incluent :
- Un seul document d'abonnement pour faciliter l'accès
- Des procédures opérationnelles robustes et une gestion des risques
- Trois profils de risque parmi lesquels les investisseurs peuvent choisir
- Une combinaison de fonds BlackRock et Partners Group
Ce partenariat positionne les deux entreprises pour tirer parti de la croissance accélérée des marchés privés et des modèles gérés, avec une augmentation prévue des allocations aux marchés privés pour les investisseurs de détail, passant de 2,3 billions de dollars en 2020 à 5,1 billions de dollars d'ici 2025.
BlackRock (NYSE: BLK) und Partners Group (SIX: PGHN) haben eine strategische Partnerschaft angekündigt, um eine einzigartige Multi-Private-Markets-Modellportfoliolösung für private Vermögensinvestoren einzuführen. Dieses innovative Angebot ermöglicht den Zugang zu Private Equity, Private Credit und realen Vermögenswerten in einem einzigen Portfolio, das gemeinsam von beiden Unternehmen verwaltet wird. Die Lösung zielt darauf ab, den Zugang für Einzelinvestoren und Berater zu privaten Märkten zu vereinfachen und zu optimieren, um der wachsenden Nachfrage nach alternativen Investitionen im Retail-Vermögenssektor gerecht zu werden.
Wichtige Merkmale sind:
- Ein einziges Abonnementdokument für einfache Zugänglichkeit
- Robuste Betriebsverfahren und Risikomanagement
- Drei Risikoprofile zur Auswahl für Investoren
- Kombination von BlackRock- und Partners Group-Fonds
Diese Partnerschaft positioniert beide Unternehmen, um vom beschleunigten Wachstum auf den privaten Märkten und in verwalteten Modellen zu profitieren, wobei erwartet wird, dass private Vermögensinvestoren ihre Zuweisungen an private Märkte von 2,3 Billionen Dollar im Jahr 2020 auf 5,1 Billionen Dollar bis 2025 erhöhen.
- Strategic partnership with Partners Group to expand into the growing retail wealth private markets sector
- Launch of a unique multi-private markets model portfolio solution, potentially increasing market share
- Simplified access to private markets for retail investors, potentially driving AUM growth
- Leveraging BlackRock's Aladdin technology and alternatives expertise
- Positioning to capture growth in U.S. private wealth, a key revenue driver (25% of 2023 revenues)
- Aligning with projected growth in managed model portfolios, expected to reach $10 trillion in AUM
- Increased competition in the private markets sector may impact profit margins
- Potential regulatory challenges in offering complex private market products to retail investors
- Market volatility and economic uncertainties could affect performance of private market investments
Insights
This strategic partnership between BlackRock and Partners Group marks a significant shift in the retail wealth management landscape. By offering a multi-private markets model portfolio, they're tapping into a rapidly growing market segment. With private markets expected to grow by
The solution's streamlined approach, offering private equity, private credit and real assets in a single portfolio, addresses a important pain point for advisors and individual investors. This could lead to increased adoption of alternative investments in retail portfolios, potentially boosting both firms' AUM and fee income. However, the success will largely depend on the performance of these portfolios and the firms' ability to educate advisors on the benefits and risks of private market investments.
This partnership is a game-changer for the democratization of private markets. By simplifying access through a single subscription document and offering three risk profiles, BlackRock and Partners Group are removing significant barriers to entry for retail investors. The expected growth in managed model portfolios to
However, it's important to note potential challenges. The complexity of private market investments may still deter some advisors and investors. Additionally, increased retail participation could potentially impact the exclusivity and returns of private markets. The success of this venture will likely hinge on the firms' ability to deliver consistent, attractive returns while managing liquidity concerns inherent in private market investments.
This innovative partnership raises important regulatory considerations. While expanding access to private markets for retail investors aligns with recent SEC initiatives, it also increases scrutiny on investor protection. The firms must ensure robust risk management and disclosure practices to comply with regulatory requirements for retail investors.
The unified portfolio construction and management approach could simplify compliance, but it also concentrates responsibility. Both firms will need to carefully navigate potential conflicts of interest and ensure fair treatment across their institutional and retail client bases. The success of this venture may influence future regulatory approaches to private market accessibility, potentially setting new standards for the industry.
- Firms to launch first-of-its-kind model portfolio solution streamlining retail wealth access to private equity, private credit, and real assets
- Will enable advisors to deliver a one-stop multi-private markets portfolio managed by two global asset managers
- Positions BlackRock and Partners Group to capture accelerating growth in private markets and managed models
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 Mark Wiedman, Head of BlackRock’s Global Client Business. “In a world where private markets are growing by
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 BlackRock and Partners Groups funds, including BlackRock’s private equity, private credit and systematic funds and Partners Group’s private equity, growth equity and infrastructure funds.
“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 Steffen Meister, Partners Group's Executive Chairman. “The financing of business has undergone a major transformation in recent decades with private markets playing a key role in the real economy, so it is vital that investors have access to private markets investments as part of a balanced portfolio.”
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
Partners Group has accumulated more than two decades of leadership in managing private markets evergreen solutions since launching its first such product in 2001. The firm launched the first
To learn more about the opportunity in private markets, read BlackRock and Partners Group's recent paper: Solving the private markets allocation gap: From products to portfolio construction.
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 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/corporate
About Partners Group
Partners Group is one of the largest firms in the global private markets industry. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911376934/en/
BlackRock
Christa Zipf
christa.zipf@blackrock.com
+1-646-231-0013
+1-347-814-3447
Partners Group
Jenny Blinch
jenny.blinch@partnersgroup.com
+44 207 575 2571
+44 7825 035184
Source: BlackRock
FAQ
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