Reported about 12 hours ago
BlackRock is focusing on expanding its private investment sectors with a fundraising goal of $400bn by 2030, as it seeks to nearly double its market value and compete with major firms like Blackstone and Apollo. The company projects a significant rise in annual revenue, potentially exceeding $35bn, and plans to allocate over 30% of its revenue from private investments and technology by 2030. Key acquisitions and partnerships, including a $30bn AI investment fund with Microsoft, showcase its strategic shift towards private markets.
Source: YAHOO