BlackRock joins AllFunds private markets wealth distribution programme
BlackRock currently oversees $320bn in alternative investments, $156bn of which is in private markets.
The firm has joined Blackstone, Apollo, Carlyle, Franklin Templeton and Morgan Stanley, which signed up to the platform upon launch in July.
APP aims to improve client access to private market funds while providing asset managers with an opportunity to make their products available to Allfunds' distribution network of private banks and wealth managers in Europe, Asia and South America.
Largest alternative managers join Allfunds initiative to broaden access to private markets funds
BlackRock, which currently oversees $320bn in alternative investments, $156bn of which is in private markets, will now broaden its offering to clients across EMEA and APAC and improve services available to existing clients.
Borja Largo, chief fund groups officer and head of Allfunds Alternative Solutions, said: «Allfunds and BlackRock have a history of collaboration, and we are delighted they are choosing to work with us to expand their alternative investment presence.
»The APP programme is an extension of our commitment to excellent service. Through this, we are dedicated to providing our clients with our expertise and market knowledge to help them succeed in their distribution goals."
Allfunds launches dedicated alternatives division
The launch of the programme follows the launch of Allfunds Alternative Solutions (AAS) earlier this year, a specialised team and department that focuses on developing technology that will streamline the operational aspects of private asset investments.
Fabio Osta, head of the alternatives specialists team in EMEA wealth at BlackRock, added: «We are pleased to join the APP initiative, driving forward our
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