How the world's largest asset manager is using nearly $28 billion of acquisitions to reinvent itself
Published On Feb 19, 2025, 6:00 AM
BlackRock, the world's largest asset manager, is undergoing significant transformation through nearly $28 billion in acquisitions. This includes the purchase of HPS Investment Partners for $12 billion, Global Infrastructure Partners for $12.5 billion, and Preqin for $3.2 billion. These acquisitions aim to expand BlackRock's reach in private credit, infrastructure, and alternative assets data, enhancing its competitive position amid rising competition, particularly from Vanguard. BlackRock's CFO expressed confidence that these moves will improve earnings power and asset accumulation, contributing to a stronger financial future.
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The acquisitions will help BlackRock diversify its revenue streams, leverage growth in private credit and infrastructure investments, and enhance operational capabilities through improved data management. This strategic shift is expected to bolster BlackRock's market position and attract more assets under management.
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