It seems like almost every day at the moment that an asset manager is announcing a new partnership to make alternatives go mainstream. BlackRock’s acquisition of Preqin in the summer fired the starting gun on this rush to alternatives, by signaling an intention to index private markets. Last week saw Apollo & State Street launch a “private credit” ETF (well, up to 15% of the portfolio can be private). This week saw BlackRock announce a partnership with Partners Group for an all-in-one private markets product.

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