BlackRock Innovation & Growth Trust: directors' dealings · United States · SEC (Form 4)

About BlackRock Innovation & Growth Trust

BlackRock Innovation & Growth Trust (NYSE: BIGZ) was a U.S.-listed closed-end fund sponsored by BlackRock, one of the world’s largest asset managers. In its BIGZ format, the trust was designed to deliver total return and income through a combination of current income, current gains, and long-term capital appreciation. Its mandate focused primarily on innovative, small- and mid-cap growth companies that the adviser believed had above-average earnings growth potential and the ability to introduce products or services that could reshape their markets. The fund also used an option-writing strategy to help generate additional income. BlackRock launched the vehicle in 2021, with operations commencing on March 29, 2021, building on the firm’s long track record in listed funds and growth-oriented investment products. BlackRock itself was founded in 1988 in New York and is headquartered in New York, United States. From a competitive standpoint, BIGZ occupied a fairly specialized niche within the closed-end fund universe: exposure to innovative growth equities combined with an income-oriented distribution framework. That made it different from traditional equity income funds, while also implying higher volatility and a stronger reliance on the performance of growth and innovation-themed holdings. BlackRock’s brand, research platform, distribution reach, and risk-management infrastructure provided meaningful competitive advantages. Being listed on the NYSE also gave the trust visibility and liquidity access on a major U.S. exchange, which is important for both retail and institutional investors. The most important recent development is strategic: in January 2025, BlackRock announced that BIGZ would be renamed BlackRock Technology and Private Equity Term Trust (BTX), with a new ticker and a revised portfolio strategy focused on technology and private equity, effective February 20, 2025. That change reflects how client demand has increasingly shifted toward technology exposure and private-market themes. For investors, BIGZ is therefore best viewed as the former innovation-and-growth version of a BlackRock closed-end trust listed in the United States on the NYSE, later repurposed into a more technology- and private-equity-oriented vehicle.