Investing
BlackRock Readies Venture Secondaries Fund as Market Expands
The Blackrock headquarters in New York.
Photographer: Michael Nagle/BloombergBlackRock Inc. is preparing to roll out a new fund that will buy discounted venture capital stakes from other investors, expanding its push into a hot market.
The world’s largest money manager disclosed plans for the fund this month in regulatory filings. BlackRock executives Jarid Colucci, Derek Krouner and Lisa Sun will oversee the vehicle, the firm’s first focusing on secondhand venture stakes.