The management and board of the BlackRock Greater Europe investment trust (BRGE) are in "live discussions" about investing in unlisted stocks for the first time, according to manager Stefan Gries.
BRGE can currently invest up to 5% of its portfolio in private companies, but has not historically taken advantage of that flexibility yet. However, Gries told Investment Week "the opportunity looks reasonably good right now". Gries added he has been speaking with the board about the possibility, "but we need to make sure that all the stakeholders are on board and happy with it". How to navigate narrowing investment trust discounts "We are in a really strong position," Gries continued. "Because we sit within BlackRock, there are lots of private companies coming through, and ther...
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