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Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximately $120 billion in assets under management across its alternative investment strategies.
The first strategy available on the platform will be BlackRock's private infrastructure investments opportunities.
According to Artivest, the platform will be aimed at the qualified purchaser space and will allow them to see a menu of BlackRock products online. From there, investors can make allocation decisions and receive reporting documents online. "The benefit to the investor is that they can join these funds for lower minimums than they otherwise would be and they are gaining access to the same products institutions have, with all of the pros and cons that come with that," James Waldinger, founder and CEO of Artivest tells Opalesque.
Over time, the full range of alternative strategies offered by BlackRock including hedge funds, private equity, real estate and private credit funds will be available through the platform. "We will take the lower minimum investments and funnel them together into a larger allocation," Waldinger explains. "One of the nice things about putting this all online is that we will be able to see what types of funds retail advisors are most interested in...................... To view our full article Click here
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