Emirates NBD has signed a Memorandum of Understanding with BlackRock to establish an investment platform that will provide the bank’s wealth management clients access to alternative asset classes, focusing on private markets. The initiative aims to democratize private market investments, which are traditionally reserved for institutional investors.
The platform will initially target private credit and multi-alternative investments. Clients will benefit from BlackRock’s Alternative Investments platform, which manages over $450 billion in assets.
The private markets sector, encompassing equity and credit, has seen growing demand as investors seek portfolio diversification and higher returns amid global capital market slowdowns and rising borrowing costs.
