BlackRock Hits $11.5 Trillion of Assets With Private-Market Push

📆 11/10/2024 02:45 م
📰 BNNBloomberg

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BlackRock Inc. pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record $11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets.

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“We are effectively leveraging our technology, scale, and global footprint to deliver profitable growth,” Chief Executive Officer Larry Fink said in the statement. BlackRock’s long-term investment funds took in $160 billion net flows in the period, a total that topped the $100 billion average estimate of analysts surveyed by Bloomberg.

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