BlackRock and Euroclear collaborate to expand the distribution of BlackRock’s private market funds
11 SEPT, 2024
By Jose Luis Palmer from RankiaPro Europe
Euroclear and BlackRock have entered a strategic partnership aimed at expanding the distribution of BlackRock’s private market funds through Euroclear’s FundsPlace platform. This collaboration highlights both firms' commitment to increasing access to private markets for a broader range of investors.
FundsPlace is Euroclear’s comprehensive fund distribution solution, offering services such as distribution, order processing, custody solutions, and data management across all asset classes. With over 2,500 global clients, FundsPlace is set to make BlackRock’s diverse range of private market strategies more widely accessible.
BlackRock, managing $167 billion in private market assets, offers a variety of investment strategies, including infrastructure, private debt, private equity, real estate, and multi-alternative solutions. This partnership will allow BlackRock to extend these offerings through an automated and efficient platform, streamlining processes for clients while also improving capital raising, distribution, execution, and settlement of private market funds.
This collaboration marks a pivotal development for Euroclear as we grow our alternative funds offerings. We are excited to leverage our long-standing relationship with BlackRock across mutual funds and ETFs to broaden investment opportunities for our clients.
Vincent Clause, Global Head of Funds Strategy and Product Expansion at Euroclear
We are pleased to join forces with Euroclear in our shared ambition to make private market investments more accessible and affordable for a wider audience. This partnership will further enhance our ability to distribute BlackRock’s private market strategies, supported by innovative products like ELTIF 2.0 and our educational initiatives through the BlackRock Alternatives Academy.
Fabio Osta, Head of the Alternatives Specialists team in EMEA Wealth at BlackRock
This collaboration between Euroclear and BlackRock is expected to streamline processes for private market investors, making it easier for them to access a broad array of opportunities in alternative investments, while setting new standards for efficiency and client service.
