UniCredit Opens Doors to Private Equity for Wealthy Clients with Blackstone Partnership

UniCredit, a leading European bank, has announced a strategic partnership with Blackstone, the world's largest alternative asset manager, to offer Blackstone's Private Equity Strategies Fund (BXPE) to its wealthy clients in Italy. This collaboration aims to provide clients with diversified exposure to Blackstone's private equity platform, which includes corporate private equity strategies, tactical opportunities, secondary market, life science, and growth investments. By investing in BXPE, clients can access a flexible, semi-liquid fund with the potential for attractive returns.

The partnership between UniCredit and Blackstone is a significant step in opening up the private equity market to individual investors. Historically, private equity investments have been reserved for institutional investors due to their illiquid nature and high minimum investment requirements. BXPE addresses these barriers by offering a diversified portfolio of high-growth companies through a single, semi-liquid fund, making private equity more accessible to UniCredit's wealthy clients.

Renato Miraglia, Head of Wealth Management at UniCredit Italy, emphasized the importance of this partnership. "Amplifying our partnership with Blackstone through BXPE gives our wealth clients the opportunity to diversify their portfolios with direct exposure to private equity investments," he said. Andrea Valeri, president of Blackstone Italia, noted the growing interest from Italian individual investors in private equity and the opportunity to expand Blackstone's distribution capabilities through UniCredit.

Rashmi Madan, Head of EMEA at Blackstone Private Wealth Solutions, highlighted the commitment to providing institutional-quality investment solutions to individual investors in Europe. "This partnership represents another step in our expansion of Private Wealth Solutions in Italy, as we continue to offer individual investors greater access to quality institutional solutions," she said.

By offering BXPE to its wealthy clients, UniCredit differentiates its wealth management services and aligns with its long-term growth strategy. This partnership allows the bank to expand its offerings and cater to the increasing demand for private equity investments from individual investors in Italy. Moreover, it strengthens UniCredit's position as a comprehensive financial services provider and enhances its competitive edge in the market.



In conclusion, UniCredit's partnership with Blackstone to offer the Blackstone Private Equity Strategies Fund (BXPE) to its wealthy clients is a game-changer in the private equity market. This collaboration provides individual investors with access to a diversified portfolio of high-growth companies, historically reserved for institutional investors, and reduces barriers to entry in the private equity market. By embracing this innovative approach, UniCredit is poised to capture a larger share of the wealth management market and solidify its position as a leader in the financial services industry.