BlackRock Private Investments Fund: insider trades · United States · SEC (Form 4)

About BlackRock Private Investments Fund

BlackRock Private Investments Fund (BPIF) is a BlackRock-managed alternative investment vehicle designed to provide eligible investors with diversified exposure to private equity through a registered fund structure in the United States. From a market perspective, it is tied to the U.S. listed-market ecosystem and should be viewed in the context of the NYSE/NASDAQ investor base and U.S. securities regulation; the country of reference is the United States. BPIF is not an operating company in the traditional sense, but rather a professionally managed capital-allocation product within BlackRock’s alternatives platform. The fund’s origins are rooted in BlackRock’s long-standing private equity platform, BlackRock Private Equity Partners (PEP). According to BlackRock materials, PEP has a 25+ year track record in direct investments and secondaries, and BPIF began operations on March 1, 2021. That timing matters: BPIF was launched as BlackRock saw demand rising for easier access to private markets from individual and wealth-management channels. The fund’s registered structure is intended to make private equity more accessible while preserving the institutional sourcing advantage associated with BlackRock’s platform. BPIF’s core business line is simple in concept but complex in execution: it seeks long-term capital appreciation through an actively managed portfolio of private equity investments, including direct investments and secondary purchases. The fund is positioned as a “core” private equity allocation, rather than a niche thematic strategy. BlackRock highlights several structural features that differentiate BPIF from traditional private funds: no capital calls, monthly subscriptions, simplified tax reporting, and anticipated quarterly liquidity subject to board approval. These characteristics are particularly relevant for investors who want private-market exposure without the operational friction of a limited-partnership structure. In terms of competitive position, BPIF benefits from the scale, brand recognition, and sourcing network of BlackRock, one of the world’s largest asset managers. BlackRock says the platform leverages broad deal sourcing channels and a high selection discipline, which supports access to direct deals and secondaries across market cycles. The fund competes indirectly with listed private equity vehicles, evergreen private market funds, and institutional feeders offered by major global alternatives managers. Its value proposition is the combination of private-equity access, BlackRock governance, and a regulated fund wrapper. Geographically, BPIF’s portfolio is global. The fund does not limit itself to one region; rather, it seeks opportunities across the U.S., Europe, and other markets depending on sourcing, transaction quality, and portfolio construction needs. This global footprint is important for diversification and for avoiding concentration in a single economic cycle. Recent developments underscore that BPIF remains in an expansion phase. BlackRock’s product pages and fact sheets published in 2025 and early 2026 show ongoing portfolio activity, updated NAV reporting, and a growing asset base. One BlackRock fact sheet from December 2025 reported approximately $465.5 million in total assets, 64 transactions, and $354.2 million in private equity market value. Earlier BlackRock product materials also cited roughly $479.9 million in AUM and a NAV per share of $14.17. Taken together, these disclosures suggest a young but increasingly established fund platform with meaningful traction in the private-markets channel.