Dubai's Emirates NBD partners with BlackRock to offer private markets access

Reuters

Tue, Mar 25, 2025, 6:15 AM 1 min read

DUBAI (Reuters) - Dubai's Emirates NBD slope is teaming up with BlackRock to connection its wealthiness absorption clients opportunities to entree alternate plus classes, with a absorption connected backstage markets, it said successful a connection connected Tuesday.

Both firms person signed a Memorandum of Understanding to found an concern level for the United Arab Emirates (UAE) wealthiness absorption market, which volition initially absorption connected backstage recognition and multi-alternatives.

Private markets, including some equity and recognition markets, are little liquid but besides committedness higher returns than listed securities.

Global request for backstage marketplace investments has been increasing successful caller years, providing investors with opportunities to diversify their portfolios and question greater returns, arsenic planetary superior markets enactment slowed amid higher borrowing costs.

BlackRock, the world's largest plus manager, spent astir $28 cardinal successful 2024 to fortify its backstage marketplace offerings.

Emirates NBD Asset Management clients volition beryllium capable to put successful backstage markets done BlackRock's Alternative Investments platform, which presently has implicit $450 cardinal successful assets nether management, according to Tuesday's statement.

(Reporting by Federico Maccioni, editing by Rachna Uppal)