BlackRock, Partners Group Launch Multi-Alternatives SMA

BlackRock and Partners Group announced the launch of a multi-alternatives Separately Managed Account (SMA) solution, designed to simplify access to private markets for financial advisors and their clients. This first-of-its-kind offering includes three outcome-aligned SMA strategies (income-focused, balanced, and growth) that provide diversified exposure to private equity, private credit, and real assets through seven underlying evergreen private market funds managed by BlackRock, HPS Investment Partners, and Partners Group. The solution is available on the Morgan Stanley wealth platform. This initiative addresses the challenges advisors face in allocating to private markets, such as fragmented client experience and limited scalability, by offering a single, streamlined account. The firms highlight the growing importance of private markets due to companies staying private longer, increased concentration in public markets, and rising wealth among high-net-worth individuals. This partnership aims to transform how private markets are delivered to the wealth channel, enabling more holistic portfolio construction and potentially improving risk-adjusted returns.