BlackRock plans to double market cap by 2030 through focus on private markets

From Yahoo Finance: 2025-06-12 01:08:00

BlackRock aims to grow revenue to $35 billion by 2030, focusing on expanding in private markets. The asset management giant spent $25 billion in 2024 on acquisitions, including Global Infrastructure Partners and HPS Investment Partners. The goal is to double market cap to $280 billion and raise $400 billion in private markets by 2030.

Private assets generate higher fees than ETFs, a core part of BlackRock’s business. The firm aims for private markets and technology to make up 30% of revenue by 2030, up from 15% in 2024. CEO Larry Fink believes offering access to high-return private markets can counter wealth divide and protectionism.

Analysts expect BlackRock to provide more details on creating indexes based on private markets after acquiring data provider Preqin. Private credit, lending to companies outside traditional banks, has grown due to stricter regulations. Market volatility from tariffs has slowed dealmaking, raising concerns about available investment opportunities.

Investors may seek clarity on succession plans at BlackRock, with CEO Fink, 72, leading since 1988. Speculation on his successor has increased amid senior executive departures. Analysts suggest highlighting management bench strength as the company’s business model expands and becomes more complex.



Read more at Yahoo Finance: BlackRock aims to grow revenue to $35 billion and more by 2030