BlackRock is seeking as much as $2bn for a new co-investment fund, as it builds on a strategy gaining traction in the private equity industry.
The PE giant has already raised more than $300 million for the new vehicle, according to people familiar with the fundraising.
The fund’s 2018-vintage predecessor collected $1.6 billion in committed capital from institutional investors including KBC Group, Icelandic General Pension Fund and West Midlands Pension Fund, according to PitchBook data.
The firm rolled out several new funds last year, including a $1.67 billion global infrastructure debt strategy and a $3 billion fund to invest in the PE secondary market. BlackRock also is raising fresh money for its long-term private capital strategy, with the goal of collecting an additional $2 billion to $3 billion, according to a Bloomberg report.
Read more: Pitchbook
