BlackRock joins AllFunds private markets wealth distribution programme

Allfunds Private Partners

BlackRock has joined AllFunds Private Partners, a programme set up this summer to facilitate greater distribution of the private markets offerings of the largest alternative asset managers to wealth clients.

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 m...