- This partnership will offer access to venture capital and growth equity investments to regional investors
Aiming to give Latin American investor access to BlackRock alternative strategies, investment platform HMC Capital announced a distribution partnership, focused in the private equity segment.
According to a press release by the firm, the agreement with BlackRock Private Equity Partners will allow them to offer private equity solutions diversified across stages, strategies, and geographies to regional clients.
HMC Capital added that the agreement will seek to offer access to venture capital managers and growth equity direct investments.
“We are pleased to announce HMC’s partnership with BlackRock Private Equity Partners, which reflects our singular focus on developing investment solutions for our clients,” said Ricardo Morales, the regional firm’s founding partner and Executive Chairman.
Nicholas Franco, HMC’s Head of Venture & Growth, added that their objective is “to capture alpha through carefully-selected, scaled positions with managers that are typically access- and capacity-constrained.”
Representatives from the U.S. manager also highlight the agreement between both firms. “This partnership combines BlackRock’s extensive investment capabilities and sourcing network with HMC’s experience in launching innovative alternative investment strategies to serve its global investment base,” said Johnathan Seeg, Global Head of Client Solutions and Strategy for BlackRock Private Equity Partners.
Roque Calleja, Head of BlackRock Alternative Specialists for Latin America, added: “We are excited to join with HMC in launching this new partnership with a value proposition that we anticipate will resonate strongly in Latin America.”