BlackRock, Partners Group, launch first private markets SMA for retail wealth

The multi-private markets vehicles will be distributed through wealth advisers and aims to tap into vast markets for individual investors.

BlackRock and Partners Group have teamed up to launch the first-of-its-kind private markets separately managed account, allowing wealth advisers access to previously unattainable assets for individual investors.

The move comes on the heels of reports that Apollo is teaming up with State Street to launch its first exchange-traded fund to include private credit investments.