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Wellington, Vanguard, and Blackstone Announce the Launch of Two Investment Solutions, Simplifying Access to Public and Private Markets

BX
  • Wellington Management, Vanguard, and Blackstone announced a strategic alliance to launch two new investment solutions designed to simplify access to portfolios combining public & private markets.
  • The WVB All Markets Fund integrates Wellington's active public equities, Vanguard's active fixed income & index strategies, and Blackstone's perpetual private markets platform, trading under tickers WVBIX, WVBAX, & WVBMX.
  • The WVB Blackstone All Privates Fund provides single-allocation access to Blackstone's private equity, infrastructure, real estate, & private credit platforms.
  • Both closed-end funds are initially available at launch to Merrill & Bank of America Private Bank clients through Bank of America wealth management platforms.
  • The alliance anticipates broad participation from the RIA community & plans to explore additional distribution opportunities across the wealth ecosystem over time.
  • The funds aim to help advisors construct diversified, long-term portfolios for high-net-worth & mass-affluent clients seeking strong performance & growth.
  • The WVB All Markets Fund leverages Wellington's nearly 100-year heritage, Vanguard's 50-year legacy in cost-efficient indexing, & Blackstone's 40-year track record as the world's largest alternative asset manager.
  • Wellington serves as the investment manager, while Blackstone & Vanguard act as non-sponsors & non-affiliates in the fund structure.
  • Shares are not listed on any securities exchange, & liquidity is expected to be provided only through quarterly tender or repurchase offers at net asset value.
  • There is no secondary trading market for the funds, & underlying exposures to private markets & public assets are obtained through allocations to affiliated investment vehicles which may have limited redemption periods.
  • The funds carry high risks, including potential loss of capital, limited liquidity, & the possibility of selling interests at a discount to net asset value.