BlackRock, Partners Group Debut Private-Asset Account for Wealth

BlackRock Inc. and Partners Group Holding AG launched the first joint private-markets investment of their partnership aimed at grabbing a slice of the trillions of dollars sitting in the hands of wealthy individuals.

The asset managers on Thursday began selling a new separately managed account through Morgan Stanley’s wealth platform that combines a mix of private equity, private credit and real asset funds, according to the firms. It’s the first US product allowing clients to invest across a range of private markets in one account, according to BlackRock and Partners Group.