Source: BlackRock. As of 9/30/23 and subject to change. Shown for illustrative purposes only. Reflects attributes of private equity positions only. Excludes credit positions, cash and cash equivalents.
1 Under normal circumstances, the Fund will invest at least 80% of its Managed Assets in private investments (as defined in the Prospectus). "Managed Assets" means the total assets of the Fund (including any assets attributable to money borrowed for investment purposes) minus the sum of the Fund's accrued liabilities (other than money borrowed for investment purposes). The private equity sleeve of the Fund will be invested in Portfolio Companies or in Portfolio Funds (each as defined in the Prospectus) that invest in such Portfolio Companies. Due to the nature of the private markets for the types of private equity investments in which the Fund will invest and factors such as the competitive nature of the business of identifying and structuring investments of the types contemplated by the Fund and the limited availability of attractive investment opportunities during certain market cycles, BlackRock Capital Investment Advisors, LLC, the Fund's sub-adviser, expects that it may take up to three years from commencement of operations of the Fund for the Fund to be primarily invested in private equity investments. The portion of Fund assets allocated to the private equity sleeve and the income-focused sleeve of the Fund, respectively (as described in the Prospectus), will vary over time as the Fund deploys capital to investments in Portfolio Companies and Portfolio Funds, and, during periods of increased cash inflows, the Fund may hold a relatively greater percentage of its Managed Assets in its income-focused sleeve.
2 Definitions: Buyout – purchase of an existing company or portion of a company. Venture capital - seed money
and funding for start-up and early-stage companies.
3 Diversification does not assure a profit and may not protect against loss of principal.