BlackRock Halts Plan for Infra Fund Targeting Wealthy Europeans

BlackRock Inc. halted plans to launch an infrastructure fund targeting wealthy Europeans, marking a setback for the Wall Street giant’s efforts to get more individuals to invest in its newly acquired private markets offerings.

The world’s largest asset manager was planning to launch a fund with a minimum investment of €10,000 ($11,660) in the first quarter of this year, according to a September 2024 presentation seen by Bloomberg News. Around the same time, BlackRock registered an open-ended infrastructure fund with regulators in Luxembourg.

It decided to pause the effort because the relatively few and large deals done by its Global ...