Emirates NBD and BlackRock announce Platform for Private Markets Access
Newly created alternatives platform based on BlackRock products with Emirates NBD Asset Management as the manager. Initial focus on private credit and multi-alternatives. Emirates NBD at the forefront of making private markets available to clients in the Middle East.
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank’s wealth clients access to alternatives, specifically within private markets.
Traditionally only available to institutional investors in the region, private markets represent the fastest-growing segment of asset management, with alternative assets expected to reach USD 30 trillion by the end of the decade.
Emirates NBD Asset Management and BlackRock will launch an initial range of evergreen offerings targeting income and growth strategies on an exclusive basis for the UAE wealth market. Alongside these strategies, BlackRock will deploy its open architecture approach to support Emirates NBD Asset Management’s plans to expand its private markets offering by providing additional services such as marketing, education, training and technology.
Through the Emirates NBD Asset Management platform, the long-term goal is to democratise the alternative assets space and offer Emirates NBD’s clients across the Middle East access to alternatives across all major asset classes.
The private markets offerings will be based on BlackRock’s Alternative Investments platform, which now exceeds USD 450 billion AUM and supported by over 1,000 personnel in more than 50 countries.
