BlackRock is the world’s largest asset manager with over $10 trillion in total assets under management. The firm’s alternatives platform manages approximately $350 billion across private equity, private credit, real assets, and hedge fund strategies, making it one of the largest alternatives managers globally.
Investment Strategy
BlackRock’s alternatives business operates across four primary categories: private equity, private credit, real assets, and hedge fund solutions. The private equity platform includes fund-of-funds programs, secondary investments, co-investments, and direct private equity through dedicated teams. BlackRock’s Long Term Private Capital strategy invests directly in private companies, while its fund-of-funds and secondaries business allocates to third-party managers.
The private credit platform has expanded significantly and covers direct lending, opportunistic credit, CLOs, and infrastructure debt. BlackRock’s real assets business encompasses real estate equity, infrastructure equity, and real estate debt strategies across global markets.
BlackRock’s hedge fund solutions business, which includes its former Fund of Hedge Funds platform, provides multi-strategy hedge fund allocations and advisory services. The firm’s alternatives platform is integrated with BlackRock’s proprietary Aladdin risk management technology, providing portfolio analytics and risk monitoring across illiquid and liquid alternative strategies.
Private Markets Approach
BlackRock’s private markets activities have grown through both organic expansion and acquisitions. The firm’s acquisition of Global Infrastructure Partners (GIP), a leading infrastructure investment manager, significantly expanded its real assets capabilities. BlackRock has also invested in building its private credit and direct equity platforms.
The firm’s fund-of-funds and secondaries practice maintains relationships with hundreds of private equity general partners and executes transactions across primary commitments, LP-led secondaries, and GP-led continuation vehicles. BlackRock’s co-investment program sources deals through its GP relationships and provides institutional clients with direct deal access.
BlackRock serves institutional and wealth management clients across more than 100 countries from offices worldwide. The firm’s scale, technology platform, and global distribution network position it as a significant allocator and capital partner in private markets.
Frequently Asked Questions
How large is BlackRock's alternatives business?
BlackRock manages approximately $350 billion in alternative investments, including private equity, private credit, real assets, and hedge fund solutions, as part of its broader $10+ trillion asset management platform.
What private equity capabilities does BlackRock have?
BlackRock's private equity platform includes fund-of-funds programs, secondary market transactions, co-investments, and direct private equity strategies through its dedicated alternatives teams.
How does BlackRock's alternatives platform benefit from its broader business?
BlackRock's alternatives investors benefit from the firm's global market insights, risk management technology (Aladdin), capital markets relationships, and one of the world's largest institutional client networks spanning over 100 countries.
