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
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.