BlackRock Alternatives, through its Private Equity business, has launched two new European Long-Term Investment Funds (ELTIFs), broadening access for institutional investors and private individuals across Europe to private equity opportunities globally.
BlackRock Alternatives, through its Private Equity business, has launched two new European Long-Term Investment Funds (ELTIFs), broadening access for institutional investors and private individuals across Europe to private equity opportunities globally.
BlackRock Alternatives has raised nearly €1 billion across two existing ELTIF funds, which are focused on opportunities in infrastructure and private equity more broadly. The firm says the new launches are in response to increased demand from a broader range of investors for access to private markets.
The BlackRock Private Equity ELTIF will look to build a diversified portfolio of 25-30 co-investments, spanning a two-year investment period. It offers a fully funded solution from launch, which entails only one payment from investors into the fund. This structure enables increased operational efficiency and helps accelerate deployment allowing for a shorter investment period and limited “cash drag”. The fund has a client commitment minimum of €30,000.
The BlackRock Future Generations ELTIF will look to capture opportunities across five investment themes – good health and wellbeing, climate, resources, education, and financial inclusion – in alignment with the United Nation’s 17 Sustainable Development Goals (UN SDGs). The fund will be classified as Article 8, in accordance with the EU’s Sustainable Finance Disclosure regulation (SFDR) and will seek to deliver superior long-term financial returns by supporting the growth of innovative companies. The fund will target 25-35 investments over a four-year investment period.
