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Private market allocations ramp up despite volatility, says BlackRock Alternatives
Despite broad market declines, recessionary concerns and market turmoil, sophisticated investors are increasingly turning to private market allocations and are moving away from the 60/40 allocation model, according to BlackRock Alternatives’ inaugural Global Private Markets Survey.
BlackRock surveyed senior executives and allocators at more than 200 institutions in 22 countries from October 2022 through January 2023. The respondents, which included public pensions, corporate pensions, insurers, family offices, foundations and endowments, and sovereign wealth funds, manage a collective $15 trillion in assets, with $3.2 trillion invested in private markets. This represents an estimated 25 percent of the entire global private markets’ institutional investment landscape.
BlackRock said short-term uncertainty is not derailing the growth of private markets, and private assets are expected to continue to grow in a percentage of global portfolios due to a number o