Launched in July, the APP initiative focuses on better supporting client access to private market funds, providing asset managers with a unique opportunity to make their products available to Allfunds’ distribution network.

Through the initiative, BlackRock will be able to broaden access to its leading private markets offering to clients across EMEA and APAC, whilst also improving services available to existing clients. BlackRock joins a select group of leading alternative asset management and financial services firms already signed up to the platform.

The combination of Allfunds’ technology and BlackRock’s investment expertise will streamline the complexities faced by wealth managers seeking to distribute private markets investments to their clients. The collaboration will focus on the distribution of global private markets strategies and solutions, including the European Long Term Investment Funds (ELTIF) - an increasingly important wrapper for the distribution of private markets in Europe.

BlackRock currently oversees $320 billion in alternative investments, $156 billion of which is in Private Markets[1]. The company continues to expand its private markets platform, and is committed to increasing its global wealth clients’ access to investment opportunities in this growing asset class.

Borja Largo, Chief Fund Groups Officer and Head of Allfunds Alternative Solutions, commented: “Allfunds and BlackRock have a history of collaboration, and we're delighted they're choosing to work with us to expand their alternative investment presence. The APP programme is an extension of our commitment to excellent service. Through this, we're dedicated to providing our clients with our expertise and market knowledge to help them succeed in their distribution goals.”

Ivan Pascual, Head of the EMEA iShares & Wealth, BlackRock, commented: “We are thrilled to expand our longstanding and trusted relationship with Allfunds. This collaboration will allow us to deliver on our strategic priorities of broadening access to BlackRock’s private markets strategies, accelerating distribution in EMEA, and enabling our wealth management partners to scale their own distribution efforts.”

Fabio Osta, Head of the Alternatives Specialists Team in EMEA Wealth, BlackRock, added: “We are pleased to join the APP initiative, driving forward our shared ambition of enabling a broader range of investors to access private markets. As allocations grow, alternative investments play an increasingly critical role in Wealth portfolios. The need for an approach that is scalable, fiduciary, and technology-enabled, has never been greater."