BlackRock Private Equity Partners
BlackRock's private equity arm making direct and co-investments; backed GoCardless and Marshmallow
- Venture capital
- Type
- Venture capital
- Based in
- Outside the UK
- Stages
- Series B+, Growth
- Sector focus
- Sector-agnostic
- Fund size
- $55.2B in private equity capital commitments (as at 31 Decem
- Website
- blackrock.com
BlackRock Private Equity Partners (PEP) is the private equity unit of BlackRock, the New York-headquartered asset manager. It runs direct, primary, secondary and co-investment strategies for institutional and wealth clients, with $55.2B in capital commitments across those strategies. Its direct and co-investment activity includes growth-stage positions in private technology companies, usually alongside lead venture or growth investors rather than as a lead. Cheques are typically large and reserved for later rounds. UK investments in this directory include GoCardless's $312M Series G in 2022 and insurer Marshmallow's $90M growth round in 2025. The group invests from offices in the United States and Europe, including London.
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