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Bailey McCann, Opalesque New York:

BlackRock and Partners Group have launched a multi-alternatives SMA. The first-of-its-kind solution includes three outcome-aligned SMAs, positioning financial advisors to better match clients' objectives by efficiently allocating to private markets in a single account.

The SMA strategies provide advisors with a single solution that diversifies exposure to private equity, private credit, and real assets through seven underlying evergreen private market funds managed by BlackRock, HPS and Partners Group. They are delivered through a single subscription document and offered on Morgan Stanley's private wealth platform.

"This launch transforms the delivery of alternatives from standalone products into a portfolio solution and helps simplify how financial advisors access private markets for their clients," said Jon Diorio, Head of Alternatives for BlackRock's U.S. Wealth Business. "By combining the breadth of BlackRock's private markets platform, expertise in portfolio construction and SMA capabilities with Partners Group's deep private markets expertise, we are delivering a powerful, holistic private markets solution for financial advisors to help their clients access the broader opportunity set and achieve better portfolios outcomes."

The SMA complements BlackRock's current suite of alternative solutions and broadens its set of tools available to advisors, enabling them to thoughtfully integrate private markets exposure and d......................

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