Wellington, Vanguard, Blackstone launch funds targeting wealthy investors

Wellington Management, Vanguard and Blackstone are launching two funds that will offer investments in both public and private markets for a growing cohort of wealthy individuals, the companies said on Wednesday.

Investments in most private equity, private infrastructure, private real estate and private credit traditionally have been dominated by institutional investors like pension funds. Asset managers are increasingly offering them to people seeking better returns on their personal wealth.

One of the new vehicles, the WVB All Markets Fund, will blend public equities, fixed income and index strategies and Blackstone's private markets offerings, while the WVB Blackstone All Privates Fund will give access across Blackstone's platform, the companies said in a statement.