Private Markets

BlackRock Secondaries

We are an experienced global investor in private market secondaries. On behalf of our clients, we acquire existing interests in private funds and companies, providing liquidity to investors and managers globally.

Our investment platform

The secondaries market has developed into a key source of liquidity in the private markets. As an experienced global investor in private markets secondaries, we acquire interests in existing private funds and companies to deliver alpha and immediate diversification for our clients.

Why invest in secondaries?

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Pricing
Opportunities often arise to access private assets at attractive entry points
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Diversification
Immediate deployment across managers, strategies, vintages and regions
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Duration
Shorter holding periods than “primary” private equity funds

A record year for secondaries

In H1 2024, the adoption of the secondary market by LPs and GPs continued to drive volume growth. Total closed transaction volume is expected to exceed $140bn by year-end, surpassing the previous record of $132bn set in 2021.
A small green plant growing out of a crack in a grey rock.

Why BlackRock for secondaries

As the world’s largest asset manager, our breadth of network, platform insights and risk management capabilities position BlackRock as a preferred counterparty and trusted partner. With a flexible and opportunistic approach, our seasoned investment team targets inefficiencies across the global secondary market, particularly in the fast growing and often less competitive mid-sized segment.

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Mid-size focus
This is a less-competitive segment of the market where we can be highly selective, investing in fewer than 1% of evaluated deals
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Breadth of network
Our long-standing relationships and expansive private markets platform positions us as a trusted partner and preferred counterparty
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Platform insights
We offer unmatched global investment insights and diligence resources from investment professionals in 70 offices across 36 countries.
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Risk Management
BlackRock’s differentiated risk management capabilities and technology platform optimize and protect equity value

BlackRock secondaries investment universe

Investment universe

Our SLS team

BlackRock Secondaries & Liquidity Solutions (SLS) is an experienced group of secondaries investors

Lisa Sun
Co-Head of SLS
Jarid Colucci
Co-Head of SLS
Derek Krouner
Co-Head of SLS
Chris Rock
Head of Investor Relations for SLS

Contact our institutional team to learn more

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