benzinga13d ago
BlackRock and Partners Group are launching a multi-alternatives separately managed account (SMA) for private markets.The SMA strategies provide advisors with a single solution that diversifies exposure to private equity, private credit and real assets through seven underlying evergreen private market funds managed by BlackRock, HPS and Partners Group, the company wrote in a press release.The three strategies: income-focused, balanced and growth will be available on the Morgan Stanley wealth platform.Rob Collins, co-head of private wealth at Partners Group, said: "By embedding diversified private markets exposure into a scalable, outcome-oriented SMA structure, we are helping advisors move beyond product selection towards a more holistic portfolio solution that provides access to an increasingly important part of the real economy."BlackRock has been managing SMAs for more than 40 years and oversees more than $250 billion in assets under ...Full story available on Benzinga.com