BlackRock’s Expanded Mandate with Australia’s Future Fund: A Deep Dive

A Major Step-Up in Sovereign Wealth Partnership

BlackRock has materially strengthened its partnership with Future Fund by expanding its alternatives mandate. It now oversees roughly A$7.5 billion (US$5.2 billion) of the fund’s alternatives portfolio, an increase of about 74% over the past two years. This expansion positions BlackRock as the largest manager within the allocation, highlighting its growing influence within one of the world’s most sophisticated institutional investment portfolios.

The Future Fund’s Strategic Shift Toward Alternatives

Future Fund, which manages. . .