Investment Approach

The Fund aims to achieve long-term capital growth on its investments.

The Fund aims to achieve its objective by investing in a portfolio of private equity assets through co-investments (“Co-Investments”) alongside financial, strategic or other third-party investors (“Sponsors”). The Fund does not seek to take control positions (i.e. acting as lead investor) in its investments. Instead, the Fund intends to make investments on a co-investment basis alongside Sponsors who are well known to, or have previously made investments with, BlackRock Capital Investment Advisors, LLC, the Fund’s investment manager.

The Fund will invest in Co-Investments via interests (including equity securities (e.g. shares), interests with features similar to equity securities (such as loans which give the holder the right to participate in profits) and certain other forms of financing, including shareholder financing (e.g. shareholder loans)) in subsidiary holding companies, partnerships and other co-investment vehicles (excluding collective investment undertakings).