Reported 8 days ago
Larry Fink is directing BlackRock Inc. to invest aggressively in private markets, aiming to emulate past successes in response to an influx of capital in this sector. This year, BlackRock has committed approximately $16 billion to establish itself as a major infrastructure investor and is in talks to acquire HPS Investment Partners and a stake in Millennium Management. However, the company also announced a retreat from long-term private equity investments. With a focus on capturing private asset growth akin to the rise of passive investment strategies, BlackRock is positioning itself to compete effectively against leading players in the private market landscape.
Source: YAHOO