BlackRock Private Equity Partners (PEP) has successfully closed of the BlackRock Private Equity Opportunities ELTIF (PE ELTIF), an investment strategy offering access to global private equity direct co-investment opportunities with a focus on Europe.

The Fund secured total commitments of EUR509 million (cGBP600 million), exceeding its initial target and becoming one of the largest European Long-Term Investment Funds (ELTIFs) raised in Europe, to date.

The Fund is BlackRock’s first under its ELTIF platform which aims to regularly bring new private market products to its European client base. The PE ELTIF builds upon PEP’s successful 20+ year private equity direct co-investment track record. Its long-term investment themes’ focus on consolidation, corporate carve-outs and family owned or small-cap opportunities, key sectors targeted include Media & Technology, Healthcare, and Industrial & Business Services.

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Source: Private Equity Wire