BlackRock (BLK) has signed a memorandum of understanding with Emirates NBD to establish an investment platform that will provide the bank's wealth clients access to alternatives, especially within private markets, Emirates NBD said Tuesday.

BlackRock and Emirates NBD Asset Management will roll out an initial set of offerings targeting income and growth strategies for the United Arab Emirates.

BlackRock will also support Emirates NBD Asset Management's plans to expand its private markets offering by providing marketing, education, training, technology and other services, the companies said.