BlackRock Private Equity Fund
At BlackRock, we’re focused on expanding the range of alternative investments available to accredited investors. The BlackRock Private Investments Fund, BPIF, is designed to deliver access to a diverse, core portfolio of global private equity investments, while removing some of the friction that’s long been associated with the asset class.
The opportunity: case for PE and advantages of BPIF structure (2 minutes)
Interest in private equity—particularly among individual investors—has been growing, due in part to an increasing awareness that private markets are quite large relative to public markets. It’s estimated that private companies make up more than 85% of the investible equity market, while public equities represent less than 15% [SUBSTANTIATION ON SCREEN ] [MULTI-MEDIA TEXT ]. Additionally, over the last three decades, the number of public companies has shrunk more than 35%, while the number of private companies has grown in excess of 40% [SUBSTANTIATION ON SCREEN ]. Simply put, if investors are not accessing private markets, they may be missing a large piece of the total market opportunity [PROSPECTUS ON SCREEN ].
DISCLOSURE AT END OF VIDEO ].
Historically, it’s been an asset class reserved for institutional investors or “qualified purchasers” – only those who meet certain net worth criteria. The mechanics of investing in private equity through a traditional limited partnership can be cumbersome with high minimums, complex fees, and long lockups. Built specifically for accredited investors, BPIF provides access to BlackRock’s institutional private equity investments with lower minimums and no performance fees. Subscriptions can be made monthly and are fully funded at the time of investment, so investors can gain exposure to private equity without the need for capital calls [SUBSTANTIATION ON SCREEN]. Overall, we believe BPIF provides accredited investors access to differentiated sources of potential capital, combined with operational ease and investment transparency.
Prospectus offer and risk statement (voiceover):
Carefully consider BPIF’s investment objective, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus and, if available, the summary prospectus. which may be obtained by visiting the SEC Edgar database. Read the prospectus and, if available, the summary prospectus, carefully before investing. BPIF’s investment program entails risk. Past performance does not guarantee or indicate future results. Investing involves risk including possible loss of principal. There can be no assurance that the investment objective of BPIF will be achieved or that its investment program will be successful. A summary of certain risks associated with an investment in the Fund is set forth in the video’s end disclosures. It is not complete, and you should read and consider carefully the more detailed description of the risks associated with an investment in BPIF described in the Fund’s Prospectus before purchasing Shares. Capitalized terms used but not defined herein have the meanings ascribed to them in the Prospectus.
