Clearstream, Deutsche Börse Group’s post-trade services provider, has announced that it will add funds from global asset manager, BlackRock, to its platform, aimed at broadening the distribution of BlackRock’s alternative investment solutions.
Clearstream writes that this will leverage Clearstream Fund Services’ robust and reliable distribution infrastructure to process funds securely and efficiently at scale, simplifying wealth manager access to private market funds.
The agreement provides BlackRock with access to sophisticated investors through Clearstream’s expansive network of over 300 distribution partners, including many large global wealth managers with a strong presence in Europe, the UK and Asia Pacific.
The firm writes that BlackRock provides clients with investment strategies across infrastructure, private credit, private equity, real estate and multi-alternatives solutions. The firm currently manages USD600 billion USD of client assets across private markets strategies and is committed to expanding investor access to the wide range of strategies in the asset class through innovative solutions. BlackRock launched the industry’s first evergreen private markets platform last year, providing access to the BlackRock Multi-Alternatives Growth Fund and BlackRock Private Equity Fund, enabled through the ELTIF 2.0 framework.
Clearstream writes that it offers a comprehensive suite of services across the investment value chain specifically designed for private markets, encompassing order routing, settlement, and asset servicing.
“With robust capabilities in custody and execution, Clearstream Fund Services provide services for close to EUR4 trillion in traditional funds and EUR300 billion in private and alternative funds. The company’s fully integrated distribution platform also offers a regulatory compliant framework for KYC and distribution oversight. These comprehensive end-to-end solutions, combined with Clearstream’s Vestima platform for order routing and placement, greatly reduce the traditional barriers to private market fund distribution for asset managers.
“This collaboration reflects Clearstream’s ongoing commitment to be the partner of choice for private market investments as it continues to expand its growing network of leading GPs.”
Moritz Dechow, CEO Clearstream Fund Centre AG / Head of Fund Distribution for Clearstream Fund Services says: “Our collaboration with BlackRock marks an exciting step towards facilitating access to private market investments. Leveraging Clearstream’s extensive distribution network, advanced digital platform, and expertise in alternative investments will help simplify access to BlackRock’s private market offerings. This exemplifies how we at Clearstream are committed to developing innovative solutions that benefit the entire investment ecosystem.”
Fabio Osta, Head of the Alternative Specialists Team, EMEA Wealth, BlackRock, says: “We are excited to work alongside Clearstream and unlock the benefits of private markets for a broader range of investors. We are entering a new era for private markets, in which we are bringing together our innovative evergreen solutions with new distribution channels. In collaboration with Clearstream we are democratizing access to private markets for more investors as they continue to grow their allocations to the asset class.”
