By IPE Staff2021-05-10T15:32:00+01:00
BlackRock has raised $940m (€773m) in a first close of a diversified private debt fund designed for UK pension schemes.
The fund aims to provide investors with a yield premium relative to liquid credit markets, reliable income, and capital preservation.
BlackRock said its team aimed to source high quality assets with strong fundamentals and defensive characteristics, such as in the software, technology, healthcare and business services industries.
The pooled fund invests across US and EMEA direct lending, real asset debt, and opportunistic strategies. It is managed by James Keenan, managing director, CIO and global co-head of credit within BlackRock Alternative Investors.