BlackRock set a record for net inflows in 2024, with more than $600 billion.

BlackRock made $25 billion of investments to strengthen its position in private markets, acquiring investment fund Global Infrastructure Partners and private credit-focused HPS In

Red State treasurers still look at BlackRock’s CEO Larry Fink with skepticism, but these days less so, and they’ve largely stopped castigating him as a woke monster.

BlackRock's quarterly results complete a banner year for the asset manager, which has sought to strengthen its position in rapidly growing private markets. It spent about $25 billion last year on infrastructure investment fund Global Infrastructure Partners and private credit business HPS Investment Partners.

With impressive growth in assets under management (AUM), which reached a record $11.6 trillion, BlackRock ended the quarter and fiscal 2024 on a high note.

BlackRock said in its fourth-quarter earnings report Wednesday that assets under management jumped to a record $11.55 trillion, up from $10 trillion a year ago. Analysts surveyed by FactSet had expected BlackRock to report a record $11.

BlackRock is making key leadership changes and combining some teams internally, according to a memo to employees from CEO Larry Fink and President Rob Kapito. The changes follow several major private market-linked acquisitions at BlackRock in the past year: Global Infrastructure Partners,

Over more than two decades at BlackRock, Wiedman was known for leading the integration of Barclays Global Investors and the iShares exchange-traded fund business after BlackRock a

Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor to CEO Larry Fink, is departing the firm, said two sources familiar with the matter.