> Warren Buffett Blog: BlackRock to launch a Buffett style Berkshire Fund

Monday, February 12, 2018

BlackRock to launch a Buffett style Berkshire Fund

BlackRock is planning to launch a fund designed to replicate the private equity approach of Warren Buffett’s firm Berkshire Hathaway.

It is understood the new fund, which is set to be called the BlackRock Long-Term Private Capital fund, will buy and hold stakes in companies and will be the firm's first direct-investment vehicle.

The launch was first reported by the Wall Street Journal which stated that BlackRock Long-Term Private Capital fund will aim to raise $10 billion (£7.2 billion) from sovereign wealth funds, pensions and other big investors.

The global head of active equities at the firm Mark Wiseman, who is also chairman of BlackRock Alternative Investors, is set to take charge of the new strategy.