The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Gray Trust Company, BlackRock
Gray Trust Company, which provides trustee and administrative services to Collective Investment Trusts, has chosen BlackRock to help allocate money across public and private markets for Great Gray’s first target date retirement solution.

The solution will include private equity and private credit exposures. It is an example of how private markets are being opened to a wider range of investors in a trend examined here.

BlackRock’s index equity, index fixed income, and private equity offerings have also been selected to underpin the Great Gray solution. 

The two firms have had a commercial relationship since 2013.

Wilshire Advisors, which provide investment and advisory services, will oversee how the strategy is put in action. 

Gray Trust Company manages more than $210 billion across more than 770 funds.