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BlackRock banks $3bn for first dedicated secondary strategy


BlackRock banks $3bn for first dedicated secondary strategy
Thursday, April 01, 2021
Laxman Pai, Opalesque Asia:
The world s largest asset manager BlackRock Inc. has raised $3 billion to invest in the private equity secondary market to expand its presence in illiquid alternative investments.
The capital raised by BlackRock Private Equity Partners included $2.4 billion for its debut Secondaries and Liquidity Solutions Fund, which exceeded an initial target of $1.5 billion. The Fund is among the largest debut funds ever raised to buy secondhand private equity stakes.
According to WSJ, secondary funds have been one of the fastest-growing parts of the private-equity industry over the past year, with investor demand surging even after the pandemic hit. ....

Steve Lessar , Opalesque Asia , Laxman Pai , Konnin Tam , Liquidity Solutions Fund , Blackrock Inc , Preqin Ltd , Blackrock Private Equity Partners , Blackrock Alternative Investors , Capital Commitments , Secondaries Liquidity Solutions , Sls Strategy , ஸ்டீவ் குறைவானது , லக்ஷ்மன் பை , நீர்மை நிறை தீர்வுகள் நிதி , கருப்பு பாறை , கருப்பு பாறை இன்க் , கருப்பு பாறை ப்ரைவேட் பங்கு கூட்டாளர்கள் , கருப்பு பாறை மாற்று முதலீட்டாளர்கள் , ஸ்ல்ஸ் மூலோபாயம் ,