BlackRock and Partners Group Launch Joint Private Markets Account for Wealthy Investors
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TLDR: BlackRock and Partners Group created the first US account combining multiple private asset classes in one. Three portfolio options available: income-oriented, balanced growth, and growth-focused for different risks. The account invests across seven funds from BlackRock, HPS Investment Partners, and Partners Group combined. Partners Group manages $56 billion in evergreen funds while BlackRock oversees $250 billion in separate accounts. BlackRock Inc. and Partners Group Holding AG have introduced their first collaborative private-markets investment product through Morgan Stanley’s wealth platform. The separately managed account offers exposure to private equity, private credit, and real assets in a single vehicle. This marks the first US product enabling clients to access multiple private market segments through one account. The offering targets wealthy individuals as institutional investors reduce private market allocations. Structured Investment Options for Diverse Risk Appetites The new separately managed account provides three distinct portfolio configurations tailored to different investor objectives. According to Jon Diorio, BlackRock’s head of alternatives for its US wealth business, clients can select from income-oriented, balanced, or growth-focused variations. Each configuration draws from seven existing funds managed by BlackRock, HPS Investment Partners, and Partners Group. The structure aims to make it “easier and more convenient and more simplified for advisers to do private markets,” Diorio said. The product charges fees only on the underlying funds, with no additional fees at the account level. The firms declined to disclose specific fee amounts for the underlying investments. This fee structure represents a departure from typical separately managed account arrangements. The approach reflects efforts to make private market investments more accessible to wealth management clients. Rob Collins, co-head of private wealth at Partners Group, noted the account’s unique position in the market. Collins explained that the offering “is the only separately managed account that combines more than one private asset…
Filed under: News - @ January 31, 2026 2:27 am