BlackRock Inc has joined wealth technology platform Allfunds’ private partners programme.
Launched in July, the programme focuses on supporting investor access to private market funds. It gives asset managers a platform to distribute their private market funds.
“Through the initiative, BlackRock will be able to broaden access to its private market offerings to clients across Europe, the Middle East and Africa, and Asia Pacific, while also improving services available to existing clients,” Allfunds says in a statement on September 19.
New York-based BlackRock, the world’s largest asset manager, had US$9.4 trillion of assets under management as of June 2023, including $156 billion of private market assets.