1 BlackRock Private Equity Partners has hit a €509m final close for its latest long-term investment fund targeting global direct co-investments. The firm said BlackRock Private Equity Opportunities ELTIF is one of the largest European Long-Term Investment Funds raised to date. It said the vehicle is its first under its ELTIF platform, which aims to regularly bring new private market products to its European client base. European ELTIF regulation requires funds to observe strict limitations on its use of leverage and derivatives, as well as avoiding short selling. BlackRock PEP says it focuses on consolidation, corporate carve-outs and family owned or small-cap opportunities, with key sectors including media and technology, healthcare and industrial & business services.