Blackrock and Euroclear on Tuesday announced a partnership aimed at expanding the distribution of Blackrock’s private market funds through Euroclear’s FundsPlace platform. This collaboration focuses on making private markets more accessible to a wider range of investors by utilizing Euroclear’s fund distribution network.
Euroclear’s FundsPlace offers end-to-end fund distribution solutions, including services such as order processing, custody solutions, and data management for various asset classes. With a client base of over 2,500 globally, FundsPlace is positioned to extend Blackrock’s range of private market strategies, which include infrastructure, private debt, private equity, real estate, and multi-alternatives. Currently, BlackRock manages 167 billion dollars in private market assets.
The collaboration will leverage Euroclear’s presence in the fund distribution sector, aiming to streamline processes such as capital raising, distribution, execution, and settlement in alternative funds. Blackrock’s use of FundsPlace follows its integration of Goji, a digital solution focused on private markets.
Partnership includes Eltifs
This initiative includes the distribution of European Long-Term Investment Funds (Eltifs), supported by BlackRock’s Alternatives Academy, which provides education for advisors. Both firms have emphasised their commitment to enhancing access to private markets through this collaboration.
The partnership marks a continued effort by Blackrock and Euroclear to innovate within the private markets sector and offer investors new opportunities to participate in these alternative investment strategies.