Why $11 trillion in assets isn’t enough for BlackRock’s Larry Fink
1 month, 2 weeks ago

Why $11 trillion in assets isn’t enough for BlackRock’s Larry Fink

Live Mint  

BlackRock’s clients are pouring money into its core stock and bond offerings. Managing more assets such as private equity, private credit, real estate and infrastructure would allow BlackRock to compete with the biggest alternative asset managers. And in October, BlackRock closed its $12.5 billion acquisition of Global Infrastructure Partners, an alternative asset manager focused on infrastructure that marks BlackRock’s most significant foray into private markets yet. After BlackRock executives emphasized their embrace of private markets on October’s earnings call, analysts are speculating which firm is next on the shopping list. “They’ve been doing some smaller strategic bolt-on acquisitions that increase their presence in private credit and alternative assets," said Cathy Seifert, an analyst at CFRA Research.

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Private markets seem out of reach for individual investors. Enter BlackRock.
3 months, 1 week ago

Private markets seem out of reach for individual investors. Enter BlackRock.

Live Mint  

It might be getting easier for individual investors to tap in to the opaque world of private markets. The asset manager is joining with private-equity firm Partners Group to create a so-called model portfolio that wealth advisers could use to help clients invest in a variety of private-market offerings in one fell swoop. BlackRock and Partners Group see an opportunity …

BlackRock to buy UK data group Preqin for $3.2 billion
5 months, 3 weeks ago

BlackRock to buy UK data group Preqin for $3.2 billion

Hindustan Times  

BlackRock Inc. will acquire private capital database provider Preqin for £2.55 billion in cash, as the world’s largest money manager accelerates its push to become a major player in alternative assets. The acquisition deepens BlackRock’s ability to oversee risks and analyze data across fast-growing markets for private assets, and also expands its Aladdin technology systems, the New York-based firm said …

Blackstone, other large private-equity firms turn attention to vast retail market
2 years, 6 months ago

Blackstone, other large private-equity firms turn attention to vast retail market

Live Mint  

Private-equity firms have spent decades raking in giant sums from pension funds and other big institutions. Some of the biggest firms, including Blackstone Inc., Blue Owl Capital Inc., Apollo Global Management Inc. and Ares Management Corp., have created a host of new products aimed at people with $1 million to $5 million in investible assets and are hiring armies of …

BlackRock profit increases 20%
2 years, 8 months ago

BlackRock profit increases 20%

Live Mint  

BlackRock Inc. reported higher quarterly profit even as market volatility lowered the investment firm’s assets under management to $9.6 trillion. The firm ended 2021 with over $10.01 trillion in assets—the first time any money manager has reached that number—but market conditions in the last three months changed drastically, compounded by Russia’s invasion of Ukraine in late February. But the firm’s …

BlackRock profit beats expectations as assets reach record high
3 years, 11 months ago

BlackRock profit beats expectations as assets reach record high

Live Mint  

BlackRock Inc, the world's largest asset manager, on Thursday reported a better-than-expected quarterly profit, as increased activity in financial markets resulted in higher fees and pushed its assets under management to record highs. The company's adjusted net income of $10.18 per share in the fourth quarter ended Dec. 31 topped Wall Street estimates of $9.14, according to Refinitiv IBES data. …

BlackRock now has $8.7 trillion in assets following iShares ETF boom
3 years, 11 months ago

BlackRock now has $8.7 trillion in assets following iShares ETF boom

CNN  

New York CNN Business — The record stock market run is great news for BlackRock: The owner of the super popular iShares family of exchange-traded funds reported earnings and revenue for the fourth quarter Thursday that easily topped forecasts. BlackRock, the world’s largest money management firm, ended the year with nearly $8.7 trillion in total assets – an increase of …

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