With the close of the GIP transaction this past October and our planned acquisition of HPS, BlackRock's private markets and alternative platform is expected to be 600 billion in client assets, a top five provider and over 3 billion in revenues or about 15% of 2024 revenues. BlackRock houses ...
Strategic ExpansionExpanding in private credit with a quality manager like HPS is a strategic move for BlackRock and offers a compelling long-term opportunity. Bears Say Earnings ImpactThe acquisition of HPS could be slightly dilutive to BlackRock's earnings per share in the near term. ...
The bottom line on companies BlackRock owns There are a lot of misconceptions about the companies BlackRock owns. The investment manager is often one of the top shareholders of many large U.S. companies. However, it manages those shares on behalf of clients in its ETFs and other investment pr...