BlackRock will offer target-date retirement funds that include private assets, according to AdvisorHub. With the firm’s recent push to incorporate alternative assets, BlackRock plans to launch the target-date fund LifePath by next year.
BlackRock has made significant strides to heavily incorporate alternatives into portfolios, including a recent $12 billion deal for HPS Investment Partners, a private-credit firm, and Global Infrastructure Partners’ recently closed fund at $25.5 billion.
The LifePath fund would add private assets to retail portfolios, a move that has been supported by recent policymakers. Alongside this push, BlackRock has partnered with Great Gray Trust to provide a target-date fund that includes private credit, private equity, stocks and fixed income.
