BTX

BlackRock Technology and Private Equity Term Trust offers diversified public and private equity exposure centered on the AI investment theme. BTX provides access to top private AI companies like Anthropic, OpenAI, Databricks, and Anduril, alongside major public semiconductor and storage names. Shares currently trade at a -12.16% discount to NAV, presenting an arbitrage opportunity, with a robust 7.03% yield from capital gains and ROC.

BlackRock Technology and Private Equity Term Trust aims for 80% tech exposure, blending public and private holdings, including a notable Anthropic stake. We analyze the fund's performance since inception and since the management change. We go over the rationale for our rating.

- Integrating AI and Web3 to establish institutional-grade blockchain infrastructure - Strategic 0% transfer fee policy to stimulate a hyper-connected digital economy

Investors are flipping back into buy mode, which has been a boon to the equity funds—especially on the tech side.

BlackRock Technology and Private Equity Term Trust is a Buy, offering a unique blend of AI infrastructure equities and private frontier AI holdings at a wide NAV discount. BTX's portfolio reset post-February 2025 delivers concentrated exposure to NVIDIA, AI supply chain leaders, and rare private stakes in Anthropic, OpenAI, PsiQuantum, and Deepgram. A 17%+ market price discount to NAV, paired with a 32% private equity allocation (mostly preferred stock), creates a compelling risk/reward profile for AI cycle participation.