BlackRock to launch two new PE funds after ELTIFs raise almost €1bn

€415m on recent ELTAF

Elliot Gulliver-Needham
clock • 1 min read

BlackRock has raised €415m for the firm’s second European Long-Term Investments Fund (ELTIF), bringing total fundraising for its ELTIFs to almost €1bn.

The Private Infrastructure Opportunities ELTIF exceeded fundraising targets and follows BlackRock's Private Equity Opportunities ELTIF, which raised €509m and closed in April last year. Off the back of this, BlackRock said that it now intends to bring two more private equity focused ELTIFs to market in 2023. Private markets allocation boom may be 'overblown' The firm's €415m ELTIF will invest in a portfolio of global private infrastructure projects, focusing on direct co-investment opportunities, with at least 50% of the portfolio being infrastructure co-investments within Euro...

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