BlackRock will acquire a minority stake in Generation Development Group (ASX: GDG), forming a strategic partnership with its retirement income subsidiary Generation Life to "set a new standard for managing longevity and sequencing risk."

Mercer's annual periodic table, which charts 17 major asset classes investment returns on an annual basis over the last decade, reveals that there's few reliable themes, except that greater risk tends to be rewarded by greater return.

Total Australia-focused assets under management (AUM) remained steady at $139 billion in 2024, with private equity, venture capital (VC), and private credit funds accounting for nearly half at $65 billion, according to the Australian Private Capital 2025 Yearbook.

The investment manager has launched the Franklin Lexington Private Equity Secondaries Fund, offering Australian investors access to a diversified private equity portfolio focused on the secondaries market.