BlackRock Technology and Private Equity Term Trust
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John M. Perlowski
- Sector
- Healthcare
- Industry
- Biotechnology
- Address
- 10355 Science Center Drive San Diego CA United States of America 92121
- IPO Date
- Aug 29, 1991
- CIK
- 0001836057
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Technology and Private Equity Term Trust (NYSE: BTX) operates as a closed-end management investment trust focused on delivering total return and income through investments in technology and private equity securities. The Trust allocates at least 80% of its total assets to equity securities of U.S. and non-U.S. technology companies across large-, mid-, and small-capitalizations, as well as privately held firms with above-average earnings growth potential; key holdings include NVIDIA Corporation (semiconductors), PSI Quantum Corp (quantum computing), Dragos (cybersecurity software), Celestica Inc (technology hardware), and Lumentum Holdings Inc (communications equipment), alongside 26 private investments representing about 32% of the portfolio such as Snyk Limited, Grammarly, and Deepgram. It pursues a blend of current income, capital gains, and long-term appreciation, historically employing an options writing strategy that it plans to eliminate effective November 10, 2025; geographic exposure emphasizes the United States (76%), with additional positions in Japan, Taiwan, Canada, the United Kingdom, and emerging markets. Founded on March 29, 2021, and headquartered at 50 Hudson Yards in New York, New York, the Trust is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., with a gross expense ratio of 1.51% including a 1.25% management fee. Recent developments include a transition effective October 2025 to a level monthly distribution of $0.0525 per share under its managed distribution plan, following prior floating rates; completion of an undersubscribed tender offer in July 2025 repurchasing 96.6 million shares at 99.5% of NAV as part of its discount management program; and shareholder approval for concentrating investments in technology industries while shifting to non-diversified status under the Investment Company Act of 1940.
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