BlackRock and Partners Group on Thursday announced a partnership to offer wealthy individuals a simpler way to access private markets.

Why it matters: The world's largest asset manager keeps pushing deeper into private equity, following its recent acquisitions of both Global Infrastructure Partners and Preqin.

Zoom in: For BlackRock, it's about higher fees. For private equity, it's about new money.

Details: BlackRock and Partners have developed a "model portfolio" that provides diversified private markets exposure via a single investment. READ MORE